Bitcoin holds steady at $70,000 while oil prices continue to remain high.
Cryptocurrency
| Cryptocurrency | Symbol | Price |
|---|---|---|
| Bitcoin | (CRYPTO: BTC) | $70,461.60 |
| Ethereum | (CRYPTO: ETH) | $2,070.06 |
| Solana | (CRYPTO: SOL) | $87.36 |
| XRP | (CRYPTO: XRP) | $1.39 |
| Dogecoin | (CRYPTO: DOGE) | $0.09438 |
| Shiba Inu | (CRYPTO: SHIB) | $0.055823 |
Notable Statistics:
- Coinglass data shows 95,278 traders liquidated in the last 24 hours, totaling $190.53 million.
- SoSoValue data indicates net inflows of $250.9 million from Bitcoin Cash ETFs on Tuesday. Ethereum Cash ETFs recorded net inflows of $12.6 million.
- In the past 24 hours, the biggest gainers are Internet Computer, JUST, and Artificial Superintelligence Alliance.
Notable Developments:
Trader Notes: Crypto trader Kevin noted that Bitcoin’s two-year liquidity heat map shows the highest concentration between $44,000 and $49,000.
This range also aligns with the 12-day exponential moving average (EMA) and simple moving average (SMA), levels that Bitcoin historically revisits during major slowdowns between 2020 and 2022.
Based on this chart structure, the analyst believes Bitcoin could retest this area later this year, potentially forming a market low before entering a new accumulation phase and a new bullish cycle.
Altcoin trader Sherpa stated that Bitcoin shows mixed signals on different timeframes.
On longer-term charts, the asset still appears as a strong buy, while medium-term outlook is less convincing, with the price near the top of its range. Short-term prospects remain uncertain, without a clear directional trend.
The trader emphasized that trading decisions ultimately depend on the individual’s strategy and chosen timeframe, making independent analysis essential.
Image: Shutterstock
