Daily Crypto Roundup: Bitcoin Rebounds, ETF Inflows Return, ETH & Sol Surge, NEAR Breakout

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Welcome back to the Daily Crypto Roundup. Today's crypto market has finally given us something we have not had much of lately.
A proper bounce, some real green on the board, and a few signs that the worst of the recent selling pressure may be starting to ease.
But let's not get carried away too quickly. Bitcoin has bounced back toward the $62,000 area. Ether is pushing higher. Solana is showing serious strength. NEAR has exploded after a fresh ETF catalyst. And Bitcoin ETFs have finally snapped that ugly run of outflows. That is the good news. The more complicated bit is this.
Bitcoin is still technically bruised. A lot of holders are underwater. And the market still needs confirmation before we can say this is a proper reversal rather than just a relief rally. Before we get into it, this episode is brought to you by Kraken. If you are buying Bitcoin, Ethereum, Solana, XRP or building your crypto portfolio, check out the Kraken link in the description. It helps support the show. And as always, nothing in this episode is financial advice. We are also still giving away 20 XRP to listeners who sign up using our link just message us once it's done. So let's start with Bitcoin, because the headline today is actually massive. More Bitcoin is now being held at a loss than at a profit. That sounds scary, and in one sense it is, because it tells you how deep this correction has been. A lot of people bought higher, a lot of newer buyers are now underwater, and the market has clearly been through proper financial stress. But this is also where it gets interesting. Historically, when Bitcoin reaches this sort of point, it can often happen around the later stages of a correction.
Not always the exact bottom, and not a magic signal that everything turns around instantly, but it does usually mean the weaker hands have been shaken hard. The data shows roughly 10.83 million Bitcoin are now being held at a loss, compared with about 9.22 million still in profit. That is the first time this has happened in the current cycle. In plain English, it means the pain has become broad enough that the market is no longer just dealing with a small pullback. This is the sort of damage that forces tourists out, tests conviction, and transfers coins from people who panic to people who are prepared to sit through the storm. That is why analysts watch this kind of data closely. When newer buyers are underwater, they are more likely to capitulate. When long-term holders are accumulating during that same period, it can suggest stronger hands are stepping in. The important thing, though, is that this does not automatically mean Bitcoin rockets higher next week. In previous cycles, similar conditions have sometimes led to months of sideways basing before a real recovery began. Bitcoin also still has a major technical test in front of it. Yes, it has bounced from below $58,000 to around the $61,000 to $62,000 area. But it is still trying to reclaim the 200-week moving average, which is sitting around $62,660.
That level matters because it has acted like a psychological line between weakness and recovery in previous cycles. A clean move above it would make the bulls feel a lot more confident. Failure there, however, would keep the market in that awkward zone where the bounce looks promising but not yet confirmed. Now the encouraging part, ETF flows finally turned positive. After 10 straight days of outflows, United States spot Bitcoin ETFs pulled in about $221.7 million on Thursday.
That was the strongest inflow day in about two months, and it ended a brutal streak where investors had pulled around $2.73 billion from the funds. That matters because the ETF story has been one of the biggest drivers of this cycle. When money is flowing into these products consistently, it gives Bitcoin a steady institutional bid.
When money flows out, it removes one of the strongest demand engines in the market. Fidelity's FBTC led the inflows with nearly $166 million coming in. ARKB also saw strong demand, with more than $91 million.
The interesting detail is that BlackRock's iBit, which is normally the monster in the room, actually saw around $40 million leave. So this was not just BlackRock carrying the market. Other products stepped up.
Now we should be honest about this. One good ETF day does not erase the damage. Year-to-date net outflows are still sitting around $5.4 billion.
That is not a small number. So the analyst view here is simple. Bulls needed this, but now they need follow through. One inflow day is relief. 5, 6, 7 inflow days in a row would start to look like a trend.