Bitcoin is nearing $79,000, supported by fresh hopes about a settlement in the Iran war.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $78,815 |
| Ethereum | (CRYPTO: ETH) | $2,392 |
| Solana | (CRYPTO: SOL) | $88.18 |
| XRP | (CRYPTO: XRP) | $1.45 |
| Dogecoin | (CRYPTO: DOGE) | $0.09735 |
| Shiba Inu | (CRYPTO: SHIB) | $0.056259 |
Notable Statistics:
- Coinglass data shows 100,948 traders were liquidated in the past 24 hours for $448.03 million.
- SoSoValue data shows net inflows of $11.8 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $43.4 million.
- In the past 24 hours, top gainers include SPX6900, Pudgy Penguins and Sei.
Notable Developments:
- Société Générale Expands Crypto Client Base To Capitalize On Stablecoin Boom
- Bitcoin Hits $78,000 As Strategy, BlackRock, Morgan Stanley Continue BTC Accumulation
- Ethereum To $250,000? Daredevil Thesis Says ETH Could Replace Bitcoin, Gold As Money
- Bitcoin Has ‘Reset’ And Will Soon Resume Being A Safe Haven, Anthony Pompliano Says
- Peter Schiff: Strategy’s Bitcoin Yield Is ‘The Largest Ponzi In The World’ And A Collapse Is Inevitable
- Trump Family-Backed World Liberty Financial Hit With Lawsuit By Justin Sun: Crypto Billionaire Says He Was Left With ‘No Choice’
Trader Notes:
Quantitative trader KillaXBT said Bitcoin’s recent move higher has been accompanied by a sharp increase in open interest. Long positions have built up primarily in the $75,000 to $77,500 range, while funding rates have cooled near $78,000 to $79,000.
At current levels, more short positions are beginning to enter the market alongside rising open interest, suggesting increasingly aggressive bearish bets. According to the trader, the next directional move will likely depend on spot demand.
Rekt Capital noted that while Bitcoin continues to trend upward, key technical levels remain intact. The 21-week exponential moving average (EMA) continues to act as resistance. A rejection at this level could lead to a retest of the recent double-bottom breakout zone.
However, a confirmed weekly close above the 21-week EMA would be significant, potentially flipping the level into support and reinforcing a bullish structure.
Image: Shutterstock
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