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Ethereum Slightly Recovers, but Institutional Hedging Soars, Analysts Say

Ethereum fell as much as 11% in the past 24 hours, falling below $2,380, before recovering slightly by 4%, according to data from The Block’s Price Page. The sudden drop has raised concerns about Ethereum’s medium-term trajectory, especially among institutional investors.

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Markets

Record $1 Billion Outflows From US Spot Bitcoin ETFs

US spot bitcoin ETFs have seen daily net inflows of $1 billion, marking the largest single-day outflow ever. Notably, this figure does not include data from Ark Invest’s ARKB fund, which has seen more than $2 billion exit its ETF products in a six-day streak of negative flows.

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Markets

Bernstein Reaffirms $200,000 Bitcoin Price Target, Highlights Buying Opportunity During Market Correction

Bernstein continues to maintain its Bitcoin price target of $200,000 within the next 12 months, arguing that the current market correction is presenting an attractive buying opportunity for strategic investors.

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