Bitcoin and Ethereum continue to fall sharply—with the world's first cryptocurrency taking the hardest hit.

Against this backdrop, it is not surprising that outflows continue, as evidenced by last week, which became yet another black page in the history of spot cryptocurrency ETFs.

Outflows from Bitcoin ETFs reached $1.42 billion, only worse than in January. Ethereum lost $241.5 million, continuing its exhausting streak of red days. On the opposite end, HYPE, XRP, and a little of everything else showed gains. Inflows into HYPE ETFs totaled $25.6 million—the best result among altcoins this week. XRP attracted $15.2 million, LINK—$2 million, SOL—$2.4 million, while HBAR saw a symbolic $250,000. LTC, DOGE, AVAX, and DOT experienced zero flows. Summing up all inflows for altcoins amounts to about $45 million—just over 3% of what left Bitcoin ETFs simultaneously. It cannot be said that capital is shifting from Bitcoin to altcoins; money is simply leaving the market.

The weekly statistics form a cohesive and troubling picture. Outflows from Bitcoin ETFs have persisted for 10 consecutive days. CryptoQuant warns that the bear market may persist until the beginning of 2027—true capitulation, marking the bottom of the cycle, has yet to occur. Strategy sold Bitcoin for the first time in three and a half years last week—even if it was a symbolic 32 coins, the fact is documented with the SEC and cannot be changed. The US government continues to quietly sell the confiscated assets from FTX. The CLARITY Act risks moving to July due to the overloaded Congressional schedule. The number of buyers is decreasing while sellers are increasing, and there is currently no catalyst for a turnaround on the horizon.

As for intraday trading strategies in the cryptocurrency market, the strategy and conditions are described below.

Bitcoin

Buy Scenario

Scenario #1: I plan to buy Bitcoin today when the price reaches around $70,600, targeting a rise to $71,600. At $71,600, I will exit my positions and immediately sell on the return, expecting a movement of 30-35 pips back from the level. It's best to return to buying the pair during corrections and significant pullbacks in USD/JPY. Important! Before buying on a breakout, ensure that the 50-day moving average is below the current price and that the Awesome indicator is in the positive zone.

Scenario #2: I can also buy Bitcoin from the lower boundary at $69,900 if there is no market reaction to breach it back up towards $70,600 and $71,600.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today after reaching the entry point around $69,900, targeting a drop to $68,800. At $68,800, I will exit my sell trades and immediately buy back in the opposite direction, expecting a 20-25-pip move back to the level. Sellers will return at any moment; we just need a hint from the central bank. Important! Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is in the negative zone.

Scenario #2: I can also sell Bitcoin from the upper boundary at $70,600 if there is no market reaction to breach it back down toward $69,900 and $68,800.

Ethereum

Buy Scenario

Scenario #1: I plan to buy Ethereum today when the price reaches around $1988, targeting a rise to $2016. At $2016, I will exit my buy trades and immediately sell on the return. Important! Before buying on a breakout, ensure that the 50-day moving average is below the current price and that the Awesome indicator is in the positive zone.

Scenario #2: I can also buy Ethereum from the lower boundary at $1973 if there is no market reaction to breach it back down towards $1988 and $2016.

Sell Scenario

Scenario #1: I plan to sell Ethereum today when the price reaches around $1973, targeting a drop to $1954. At $1954, I will exit my sell trades and immediately buy back in the opposite direction, expecting a 20-25-pip move back to the level. Important! Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is in the negative zone.

Scenario #2: I can also sell Ethereum from the upper boundary at $1988 if there is no market reaction to breach it back down towards $1973 and $1954.