Bitcoin extended its advance and held above $68,000 overnight as ETF inflows accelerated and market sentiment improved; liquidations stand at $600.40 million over the past 24 hours.
Bitcoin ETFs saw $506.5 million in net inflows on Wednesday, while Ethereum ETFs reported $157.1 million in net inflows.
The meme coin sector climbed 6.9% to $35.2 billion, reflecting broader strength across risk assets.
Trader Commentary:
CryptosBatman said Bitcoin is showing signs of a potential double bottom after breaking and closing above its bearish trendline. While confirmation is still pending, he called it an early signal that a new rally phase could be forming.
Ted Pillows noted that BTC’s latest move was largely driven by spot demand. However, spot flows have since flattened, with U.S. buyers not yet active. He said the short-term bullish bias remains intact as long as spot demand holds. If the rally becomes driven primarily by perpetual futures positioning, it may signal time to trim exposure.
Crypto Tony said a dip toward $1,990 in Ethereum would be constructive, as the level aligns with the range point of control. A successful retest could establish firm support and provide a base for another leg higher, provided momentum continues.
On XRP, Tony is looking watching for a higher low to form to strengthen market structure. After a recent long position played out, he is waiting for a pullback to consider re-entry.
The Cryptomist said Solana could test the $89–$90 zone if momentum continues to build.
Bitcoinsensus noted that Dogecoin may be repeating its familiar mini-cycle pattern of accumulation, markup and correction. The trader questioned whether the current accumulation phase could serve as a base for another upside move, while cautioning that no outcome is guaranteed.
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