Bitcoin Holds Steady at $78,916 as Market Awaits Next Move

The cryptocurrency market experienced relatively flat trading on Tuesday, with Bitcoin holding steady at $78,916. However, other assets such as Ethereum, XRP, and Dogecoin traded sideways.

According to Coinglass data, 78,712 traders were liquidated in the past 24 hours for $532.43 million. Meanwhile, SoSoValue reported net inflows of $337.6 million from spot Bitcoin ETFs on Monday, with Ethereum ETFs seeing net inflows of $115.6 million.

Some analysts believe that Bitcoin and Ethereum are 'really underowned', making them two of the best assets in the world. However, experts say it's complicated to determine if a bull run has started, given that Bitcoin hit $80,000 with little whale participation.