Bitcoin’s Roller‑Coaster: The $35,000 Backslide
Bitcoin hit a snag early today, slipping back beneath the $34,900 line after a rocky attempt to cling to the $35,000 threshold that’s been hanging over it since the weekend.
Ethereum & Solana: The Side‑Ways Jam
- Ethereum is still flirting with the peaks it reached last July, hovering near $1,890.
- Solana is trying to keep the gains that pushed it above $41 – its highest point in over a year.
The market’s calm is like a quiet lake, with no big waves to ruffle the waters.
Liquidation Drama: Who’s Taking the Heat?
- Over the past 48 hours, CoinGlass records $26M liquidated in long positions.
- Short positions saw $20M or less liquidated.
Long‑termists seem on the fence—no one wants to bet on a quick uptick above $36,000 right now.
Futures Markets: The Unexpected Surge
- Open interest for Bitcoin futures has climbed to a $15.22B high not seen since May 2022.
- The climb hints at investors eyeing momentum from the expected approval of spot Bitcoin ETFs in the U.S.
Crypto Products: Net Inflows Keep Rising
- For the sixth straight week, crypto products recorded net inflows of roughly $261M.
- Since the start of the year, these inflows total > $840M – the most since the sky‑rocketing 2021 craze.
- Bitcoin won the poll with ~$229M last week, bumping its cumulative inflow to about $842M.
- Ethereum added ~$17M, reducing its net outflows to about $107M.
- Solana slipped to ~$10M, but still holds > $100M since the start of the year, keeping it as a top contender.
Bottom Line: Grabbing the Opportunity
While prices remain steady, the dynamic futures market and healthy net inflows suggest a quiet confidence brewing—hedged around a future of spot Bitcoin ETFs. Keep your eyes peeled; the crypto market is humming, ready for the next wave.
