Bitcoin reversed its recent slide and is pushing back toward $70,000, even as ETF flows remain volatile and sentiment linger in “Extreme Fear” territory.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $69,176.98 |
| Ethereum | (CRYPTO: ETH) | $2,060.75 |
| Solana | (CRYPTO: SOL) | $84.93 |
| XRP | (CRYPTO: XRP) | $1.41 |
| Dogecoin | (CRYPTO: DOGE) | $0.09626 |
| Shiba Inu | (CRYPTO: SHIB) | $0.056321 |
Notable Statistics:
- Coinglass data shows 94,874 traders were liquidated in the past 24 hours for $294.61 million.
- In the past 24 hours, top gainers include Humanity Protocol, pippin and Kite.
Notable Developments:
- Coinbase Doubles Market Share, Analyst Says Stock Is ‘More Diversified Than Ever’
- ‘There Will Be No Bailout For Bitcoin,’ VanEck’s Matthew Sigel Warns
- XRP Co-Creator Calls Bitcoin A ‘Technological Dead End’—Here’s Why
- Peter Schiff Blasts Michael Saylor’s $8,000 Bitcoin Plan: ‘Will Anyone Take You Seriously?’
- Coinbase CEO Brian Armstrong Was Asked Whether COIN Plans To Launch Its Own Prediction Market Business—Here’s What He Said
- ‘A Big, Bipartisan Group Working Hard’ On Crypto Bill As Paul Atkins Warns On Conflicts Of Interest
Trader Notes: Crypto Tony said Bitcoin is testing a critical short-term level near $68,400. As long as bulls defend that support, the near-term outlook remains constructive. A breakdown, however, could quickly shift momentum back to the downside.
Trader Lennaert Snyder noted that Bitcoin broke above the $68,410 swing high, likely triggering a broader upside squeeze as stop-loss orders were cleared above that level.
The previously watched $64,500 DOL (daily open low) was front run, and price may continue sweeping buy-side liquidity into the weekend.
With the primary move played out, Snyder suggested stepping aside and waiting for new setups next week.
Trader Nebraskangooner highlighted Bitcoin’s tendency to follow repeatable multi-year cycle structures, noting similarities between the 2022 bear market bottom and prior 2019 and 2015 cycles.
He flagged $74,800 as a pivotal level. A close below that threshold, if historical patterns continue to hold, could signal a structural shift, turning lower zones into key long-term accumulation areas.
Image: Shutterstock
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