Bitcoin holds $74,000 as market sentiment remains neutral, supported by continued institutional interest and positive ETF inflows.
Notable Statistics:
- Coinglass data shows 162,452 traders were liquidated in the past 24 hours for $427.31 million.
- SoSoValue data shows net inflows of $186 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $67.9 million.
- In the past 24 hours, top gainers include siren, RaveDAO and MemeCore.
Notable Developments:
Trader Notes:
Crypto trader Jelle said Bitcoin is consolidating just below a significant resistance zone, noting that reclaiming such levels typically takes time. He emphasized focusing on key levels rather than reacting to short-term price fluctuations, advising traders to wait for clear setups.
Titan of Crypto explained Bitcoin may continue to trade sideways or even dip in the near term. However, he pointed out that the monthly RSI is already within a historically strong accumulation zone, suggesting favorable long-term conditions despite short-term uncertainty.
Daan Crypto Trades identified $76,000 as the key upside liquidity level, where a breakout could trigger continuation higher. On the downside, $70,000 remains the primary support, acting as the foundation of the current range.
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