Bitcoin trades around $68,000, showing relative stability even as broader geopolitical tensions keep risk sentiment fragile.
Notable Statistics:
- Coinglass data shows 111,700 traders were liquidated in the past 24 hours for $370.30 million.
- SoSoValue data shows net inflows of $458.2 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $38.7 million.
- In the past 24 hours, top gainers include River, XDC Network and Mantle.
Notable Developments:
Trader Notes: Trader Dom noted that Bitcoin’s order books on Binance are heavily skewed toward bids, the strongest imbalance seen in years.
He says a structural shift may be near, suggesting that any dip into the $50,000 range could be short-lived, followed by a push toward $75,000 or higher.
KillaXBT maintains that as long as BTC holds above $65,000, the path toward $71,000+ remains intact. However, he is eyeing potential short setups around $71,000, scaling into positions up to $75,000, targeting a move back below $60,000.
Crypto Tony highlighted that Bitcoin has now been range-bound for 28 days, with price compression building. He expects that when a breakout finally occurs, traders should be prepared for fake outs before the true directional move unfolds.
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