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Bitcoin trades around $77,000 as spot ETF outflows and uncertainty ahead of key inflation data weighs on the markets.
- Coinglass data shows 150,860 traders were liquidated in the past 24 hours for $538.82 million.
- SoSoValue data shows net outflows of $120.2 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $34.8 million.
- In the past 24 hours, top losers include Pump.fun, Bitcoin Cash and Dash.
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Trader KillaXBT noted support remains valid until it breaks and favors lower leverage to withstand deeper price de
Trader Jelle warned that Bitcoin is rolling over after rejecting the $80,000 to $83,000 zone. A break below current lows could send BTC toward the low-$70,000s, which he sees as an accumulation opportunity.
Bitcoin trader Ardi said Bitcoin’s 44% rally from $57,000 to $82,000 does not confirm a bear-market bottom, noting similar relief rallies occurred in previous cycles.
He sees $83,000 as the key pivot and a breakout would support $57,000 as the cycle low.
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