Bitwise 10 Crypto Index Fund

BITW is in a Stage 4 decline regime, exhibiting a clear sequence of lower highs and lower lows with price accepted below key EMAs. Medium-term directional bias is bearish, supported by the active lower highs/lows pattern and failure to reclaim the 50 DMA. Short-term execution readiness is neutral as price oscillates around the short EMAs below the 50 DMA. Execution should be deferred into rallies into the intermediate resistance zone near the 50 EMA to align with speculative discipline for asymmetric sell entries.

• ↑$36.3M inflows into Grayscale Bitcoin Mini Trust indicate renewed crypto investor interest.
• ↑BlackRock and ARK-managed ETFs still attract institutional inflows, suggesting continued demand for BITW.
• ↓Bitcoin ETFs saw ~$296M outflows on July 1, underscoring investor skepticism in crypto.