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Bitcoin traded sideways around $78,000 as investors awaited key U.S. inflation data and the Federal Reserve’s upcoming policy decision.
- Coinglass data shows 83,668 traders were liquidated in the past 24 hours for $255.54 million.
- SoSoValue data shows net inflows of $174.6 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $26.46 million.
- In the past 24 hours, top gainers include Venice Token, Aerodrome Finance and Injective.
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- Forget XRP, Privacy Coins Are the 2026 Standout Trade—One Is Up 2,400%
- Strategy’s ‘We’re Back’ Bitcoin Buy Was a One-Week Thing: What’s Going On?
- Tesla’s 2021 Bitcoin Bet: What Is It Worth Today?
- CLARITY Act Is a ‘Powerful Package’ Ahead of Key Vote Next Week, Coinbase Exec Says
Daan Crypto Trades said Bitcoin rebounded strongly after a liquidity grab, but open interest remains elevated. He sees $79,000 as a key level that could trigger a short squeeze.
Benjamin Cowen noted Bitcoin pullbacks around golden crosses are normal.
The key signal is what follows, a higher high above the 50-week SMA could confirm the bear market is over, while rejection and a lower high could signal another Q4 low.
Trader exitpump expects Bitcoin to chop and slowly bleed until it reclaims $84,000, like 2023. They are targeting a long in the low-$77,000s and avoiding entries above $78,000.
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