Bitcoin and Ethereum rebound strongly despite the largest capital outflow in months

Bitcoin and Ethereum are showing a solid recovery in the market, despite recent record outflows from crypto investment funds.

After a significant drop last week, Bitcoin (BTC) and Ethereum (ETH) have made a notable recovery, bringing their prices to around $114.000 and $4.200, respectively. This recovery in the prices of the market's main cryptocurrencies comes amid the largest capital outflow through exchange-traded digital asset investment products in months, according to CoinShares' weekly report. 

Despite the pressure from these outflows, the spot market has maintained a stability that reflects renewed interest and real activity, as traders prepare for the impact of the US employment report, which traditionally generates high volatility.

Bitcoin and Ethereum show resilience in the face of ETF withdrawal pressure.

QCP Capital analysts note that although BTC and ETH experienced a significant drop last week, they have recovered important levels, with Bitcoin approaching support around $114.000 and Ethereum holding around $4.200. This performance is observed despite a strong capital flight through ETFs, which are instruments that facilitate investment in cryptocurrencies through the traditional market, and which reached record outflow levels not seen in several months.

CoinShares report confirms that investment products based on digital assets reported Net withdrawals totaling $812 million last week. 

In particular, Bitcoin saw outflows of $719 million, and Ethereum faced $409 million in withdrawals, reflecting notable pressure on both digital assets. However, the stability of spot prices suggests that the selling has not directly impacted market dynamics, possibly due to a solid base of buyers taking advantage of retracement levels.

Meanwhile, activity in derivatives markets is showing signs of increasing. Leverage in perpetual contracts and open interest, which measures the number of open futures positions, have increased ahead of Friday's NFP report, an event that traditionally has a decisive influence on market sentiment. 

During this historically chaotic month of September for cryptocurrencies, Bitcoin has advanced 5% and is approaching the next key resistance around $115.000, according to analysts, which could constitute a decisive point for further movements.

The crypto market between positive technical signals and widespread caution

Technical signals indicate a period of recovery with positive momentum for both major cryptocurrencies. However, overbought metrics indicate caution within the market, implying that while demand is present, a temporary excess could be building up, which usually leads to consolidation before new moves.

This scenario is complemented by the observation that funding rates, which represent the cost of holding leveraged positions in cryptocurrencies, remain relatively neutral, signaling neither excessively bullish nor bearish sentiment. Open interest and volume increases confirm that market activity is real and not purely speculative, supporting price dynamics with technical and operational fundamentals.

From the point of view of feeling, the fear and greed index, used to measure the overall market mood between optimism and pessimism, It is located at 39This value reveals that traders are maintaining a predominantly cautious attitude, possibly aware that events like the NFP can quickly upset the balance. Therefore, volatility is expected to increase in the coming days, influencing the performance of the cryptocurrency market.

Solana shines in the crypto market

While Bitcoin and Ethereum face significant outflows in investment funds, other cryptocurrencies such as Solana (SOL) is attracting investor interest.. 

The Solana network cryptocurrency has seen $291 million in inflows into investment products, driven by bullish narratives and expectations based on anticipated spot ETF launches in the United States. SOL shows strong trading volume and positive support from both social and technical factors, positioning it as an attractive option in the current environment of uneven flows.

According to CoinShares analysts, while Solana has been the most prominent crypto among investors this week, XRP is also emerging as a preferred option, attracting inflows of $93,1 million, likely in anticipation of the potential launch of spot exchange-traded funds in the US market. 

Cryptocurrencies resist volatility

In short, Bitcoin and Ethereum have managed to demonstrate a dynamic and consistent recovery, supported by real market activity and rising open interest despite the climate of massive capital outflows from investment products. The stability of spot prices and technical momentum suggest there is sufficient buying power to sustain current levels. However, anticipation of the NFP employment report is generating a moderately cautious atmosphere among traders, who anticipate volatility and possible price adjustments.

Meanwhile, cryptocurrencies like Solana are taking advantage of opportunities stemming from demand and expectations for new financial products, demonstrating that the digital asset market continues to diversify and evolve. 

Monitoring all these movements and the behavior of investor capital flows will be crucial in the coming days to understand the direction the major cryptocurrencies will take in a global economic environment still marked by uncertainty.