Bitcoin dropped towards $65,000 on Wednesday as crypto markets face a wave of ETF outflows, more than $1 billion in liquidations, and worsening fear sentiment.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $65,948 |
| Ethereum | (CRYPTO: ETH) | $1,830 |
| Solana | (CRYPTO: SOL) | $73.01 |
| XRP | (CRYPTO: XRP) | $1.21 |
| Dogecoin | (CRYPTO: DOGE) | $0.09217 |
| Shiba Inu | (CRYPTO: SHIB) | $0.055226 |
Notable Statistics:
- Coinglass data shows 202,991 traders were liquidated in the past 24 hours for $ $1.14 billion.
- SoSoValue data shows net outflows of $519.2 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $90.2 million.
- In the past 24 hours, top gainers include Worldcoin, Ethena and Audiera.
Notable Developments:
- Forget Bitcoin, ETH, XRP: Veteran Crypto Investor Says Robotics Is The Biggest Opportunity Now
- Bitcoin Faces ‘Date With Destiny’ In June: Technical Analyst Shares The Do-Or-Die Level To Watch
- The ‘Best Crypto Bets’ In This Market? Not Bitcoin, Ethereum, SOL, XRP If You Ask Raoul Pal’s Chief Analyst
- Bitcoin ETFs Sell $500M During BTC Implosion To $67,000: How Low Can Crypto Go?
- Why Strategy’s Bitcoin Sale May Have Changed Everything: ‘Someone Is Going To Lose Badly’, Expert Says
- Cardano Loses Its Biggest Analytics Platform As ADA Drops To $0.20: What Is Going On?
- Mastercard Expands Stablecoin Settlement Support To Include Ripple’s RLUSD, Circle’s USDC
Trader Notes:
Trader Cryptollica explained that Bitcoin’s monthly Bollinger Band Width has dropped to its lowest level ever, signaling extreme market compression and historically low volatility.
The setup is now tighter than the 2015, 2018 and 2022 cycle bottoms, with analysts warning a major breakout move could follow once the pressure releases.
Stockmoney Lizards noted Bitcoin’s price structure continues to follow classic market-cycle mechanics. Traders see bear markets typically break support and move toward lower ranges, while bull markets break resistance and expand into higher price levels.
The analyst says BTC still appears to be respecting that broader trend structure so far, keeping the current cycle framework intact despite recent volatility.
Image: Shutterstock
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