Bitcoin ETFs See 3rd Week of Inflows as BTC Dominance Grows

By: bitcoin ethereum news|2025/05/06 17:00:08
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Key Notes Spot BTC ETFs continue their inflows for the third consecutive week. Bitcoin’s market dominance is almost at 64%. A crypto analyst expects Bitcoin to fall to $92,000. Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B is facing consolidation below the $95,000 mark while its market dominance has been consistently increasing. The largest cryptocurrency is currently trading at $94,450. The BTC price chart shows a consistent decline between May 2 and 5. This is usually a sign of an overheated market. According to data from CoinMarketCap, Bitcoin’s price fall came while its market dominance increased by 1.9%, reaching 63.9% — a level last seen in early January 2021. This movement could suggest that altcoins have been falling deeper than Bitcoin, hinting at lower price volatility for the leading asset. CMC data shows that the global crypto market cap fell 0.5% to $2.94 trillion. The total daily trading volume, on the other hand, rose almost 15% to $63.4 billion. Further Correction? The US-based spot BTC exchange-traded funds started their third consecutive week with strong inflows. According to data from SoSoValue, spot BTC ETFs recorded a net inflow of $425.5 million on May 5. The inflows solely came from BlackRock’s IBIT fund, worth $531.2 million. Five of the 12 BTC ETFs — FBTC, GBTC, ARKB, BITB and EZBC — recorded over $105 million in outflows. Ethereum-based ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B investment products remained neutral despite a trading volume of $113 million on May 5. Macro and crypto analyst Jason Pizzino’s analysis of the Bitcoin price movements suggests a further correction to $92,000. Bitcoin $92,000 support and local top signal lining up for the bears. Detailed analysis in today’s video here https://t.co/FM0HuWTpCQ pic.twitter.com/AfhwW8Q2SA — Jason Pizzino (@jasonpizzino) May 6, 2025 Pizzino wrote in an X post on May 6 that Bitcoin is signalling a local top. If BTC falls below $92,000, the next target would be below the psychological $90,000 mark. On the other hand, a rise above $96,000 could suggest breaking the $100,000 barrier. At this point, Bitcoin needs both macro and micro catalysts to gain bullish momentum. Otherwise, a price correction will likely shake the crypto market again. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content. Bitcoin ETF News, Bitcoin News, Cryptocurrency News, News Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk. Wahid Pessarlay on X Source: https://www.coinspeaker.com/bitcoin-etfs-third-week-inflows-btc-dominance/

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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