Bitcoin is maintaining support around the $65,000 level amid strong institutional interest heading into the weekend.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC ) | $65,364.43 |
| Ethereum | (CRYPTO: ETH ) | $1,921.84 |
| Solana | (CRYPTO: SOL ) | $81.58 |
| XRP | (CRYPTO: XRP ) | $1.35 |
| Dogecoin | (CRYPTO: DOGE ) | $0.09324 |
| Shiba Inu | (CRYPTO: SHIB ) | $0.0 5 5740 |
Notable Statistics:
Coinglass data shows 96,079 traders were liquidated in the past 24 hours for $259.25 million. SoSoValue data shows net inflows of $254.5 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $6.6 million. In the past 24 hours, top losers include pippin, Kite and Zcash.Notable Developments:
Trader Notes: Trader IncomeSharks noted that Bitcoin remains stuck in the so-called "Box of Despair," with expectations for a slow, grinding move higher in March. However, a true breakout may not come until May or June.
Swing trader Jesse Olson explained Bitcoin's structure and momentum remain unchanged, with each sharp rebound continuing to get sold, a classic bear market pattern.
Recent +21.64% and +20.26% bounces were both met with renewed selling, reinforcing the same playbook until proven otherwise.
Image: Shutterstock
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Posted In: Cryptocurrency News