Bitcoin ETF inflows slowed in October after a very strong September, when net inflows into spot funds exceeded $2.6 billion. Even so, the price of the largest cryptocurrency, as well as altcoins, remains close to local highs and is showing notable resilience despite rising bond yields and a stronger US dollar. What do the technical setup and on-chain data suggest?

Key news

• Unfortunately, inflows into US spot Bitcoin ETFs have slowed significantly compared with September. After an outflow of around $89.9 million on October 5, the funds recorded roughly $118.9 million in net inflows again on October 6, indicating that institutional demand remains positive but is clearly less consistent than it was at the end of…