News: Bitcoin experienced a dip towards $65K as Mt. Gox creditor distributions began, with a significant amount moved to Bitstamp, creating potential short-term sell pressure. BlackRock's IBIT saw strong inflows, indicating continued institutional demand for Bitcoin ETFs. Meanwhile, Ether ETFs are launching today, with mixed investor sentiment and predictions of substantial inflows, though potential outflows from Grayscale's ETHE could temper immediate gains. Developments in Bitcoin Layer-2 solutions like Bitlayer, backed by Franklin Templeton, suggest growing TradFi interest in scaling Bitcoin's utility.

Market Probabilities: 
Bull 45% | Base 35% | Bear 20%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.525, "key_reason": "The investment by a large state pension fund in Bitcoin ETFs is a strong indicator of institutional "}