Bitcoin is holding near $63,000 as spot Bitcoin ETFs snapped a five-day inflow streak, while traders remain cautious ahead of key inflation data.
Notable Statistics:
- Coinglass data shows 78,008 traders were liquidated in the past 24 hours for $171.82 million.
- SoSoValue data shows net outflows of $144.7 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $14.6 million.
- In the past 24 hours, top losers include Audiera, Virtuals Protocol and ether.fi.
Notable Developments:
- Bitcoin’s Biggest Rival Isn’t Ethereum. It’s the AI Trade
- Bitcoin Miner Riot Platforms Could Rally 80% as AI Deal Creates ‘Clear Scale Up Path:’ Bernstein
- Why Haven’t Bitcoin, Ethereum Moved in Weeks? Technical Analysis May Have the Answer
- Coinbase Exec Says Bitcoin’s Downturn Is Part of Its Adoption—But That Won’t Lift Price, Analysts Warn
- Robinhood Expands UK Crypto Ecosystem With Trading and AI Tools
- Arthur Hayes Backs Bitcoin, Says US Will Have to ‘Print Trillions’ to Save the Yen
Trader Notes:
Swing trader Roman Trading suggests accumulating Bitcoin at current levels to spread risk. He argues buyers could be rewarded even if the bottom is not in and that shorting carries greater risk than going long.
Trader Cantonese Cat sees Bitcoin’s bullish divergence suggests the downtrend is losing momentum, potentially limiting further downside, though it does not guarantee a trend reversal.
Trader KillaXBT argues Bitcoin may avoid an “extreme bear” phase this cycle because the preceding bull market never reached overheated or euphoric conditions.
Image: Shutterstock
Credit: Source link
