Archer stock rips 18% higher as company unveils military craft with Anduril
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What's Happening
US spot Bitcoin ETFs logged a second consecutive week of net inflows totaling $75.7 million, but the rally faces a critical technical wall at $65,000. Analysts warn that institutional demand, while present, lacks the conviction needed to break through overhead resistance.
Market Impact
Bitcoin's inability to decisively clear $65K signals hesitation among large traders even as ETF vehicles attract fresh capital. A breakdown below this level could trigger liquidations and reverse the two-week inflow streak; a breakout would validate the recovery narrative and likely accelerate institutional buying.
Broader Implications
The divergence between ETF inflows and price action suggests institutional investors are nibbling at dips rather than committing aggressively. This cautious posture reflects broader macro uncertainty around inflation, rates, and tech sector valuations.
