CandleFocus

Weekly Price Analysis: Bitcoin Remains Rangebound while Altcoins Fly

Last week, Bitcoin's price remained within a established range, with a low of $91,271.19 and a high of $98,972.29. Open interest in the CME improved, suggesting more long contracts were opened. However, BTC ETF flows were negative. Ethereum broke above the previous week's range and closed at $3,637.39. Ethereum's open interest reached a weekly low but has been rising since, with new longs entering the derivatives market. Spot ETH ETF inflows were negative. Solana's price action was bullish, breaking above the previous week's range high. Open interest in Solana picked up as well. Ripple's price improved, but it was incongruent with open interest. XRP's price has climbed towards the next supply zone.

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