Bitcoin traded around $64,000 on Friday, with analysts pointing to significant liquidity above current levels that could fuel further upside if bulls maintain momentum.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $63,884 |
| Ethereum | (CRYPTO: ETH) | $1,791 |
| Solana | (CRYPTO: SOL) | $77.56 |
| XRP | (CRYPTO: XRP) | $1.09 |
| Dogecoin | (CRYPTO: DOGE) | $0.07396 |
| Shiba Inu | (CRYPTO: SHIB) | $0.054360 |
Notable Statistics:
- Coinglass data shows 55,329 traders were liquidated in the past 24 hours for $211.92 million.
- SoSoValue data shows net outflows of $95.3 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $52.08 million.
- In the past 24 hours, top gainers include Audiera, DeXe, and MemeCore.
Notable Developments:
- Add Bitcoin to Real Estate? Grant Cardone Says That May Be the Future of Lending
- Bitcoin Pops to $64,000: Here’s What’s Needed for a Push to $71,000
- Bitcoin, Ethereum, XRP Got Clobbered in Q2: Here’s What Will Decide Their Fate in Q3
- CRCL Surges 12% on Regulatory Approval by OCC: Here’s What It Means for Circle
- Bitcoin Has Not Left the $60,000-$70,000 Range in 307 Days: What Is Happening?
- Anthony Scaramucci’s Model Portfolio: 30% to Bitcoin, Some Gold, ‘Bet the Long Term of the US’
- XRP Stuck at $1.10 While the 9-Week ETF Inflow Streak Wobbles: What Is Happening?
Trader Notes:
Trader exitpump noted a sizable number of Bitcoin limit short orders were filled as aggressive buyers pushed prices higher.
The analyst warns that if BTC fails to break above $64,500, late long positions could unwind, triggering a pullback as traders exit overcrowded bullish bets.
Trader KillaXBT said Bitcoin has declined roughly 2.5% on nine consecutive Mondays, making next Monday a key session to watch. If BTC continues consolidating near the $64,000 region, it could push toward $65,000–$66,000 before another pullback.
An earlier breakdown could turn Monday’s peak into a lower high, signaling weakening momentum.
CryptoReviewing explained Bitcoin’s sharp swings over the past three days triggered nearly $960 million in crypto liquidations.
BTC first plunged from $64,100 to $61,500, wiping out $628 million in leveraged positions, before rebounding to $63,300 and then rallying above $64,500, liquidating another $332 million combined. The analyst says $64,500–$67,000 holds the next upside liquidity target.
Image: Shutterstock
Recent Comments