Bitcoin Stalls Around $78K as Traders Anticipate Pullback

Bitcoin's price remains around $78,000 as some traders take profits following last week's massive rally. Others anticipate a pullback before the next leg higher.

CoinGlass data shows 90,144 traders were liquidated in the past 24 hours for $302.30 million, while SoSoValue reports net inflows of $314.4 million from spot Bitcoin ETFs on Tuesday and $179.8 million from spot Ethereum ETFs during the same time period.

Arthur Hayes predicts Bitcoin will reach $250,000 in an unspecified timeframe, holding 10 times more BTC than gold. Meanwhile, SHIB has joined XRP and Bitcoin on Japan's first new crypto exchange in four years, with XRP eyeing a price of $1.88 as leverage hits a seven-month high.

Crypto Amsterdam remains bullish but cautions against chasing crypto with leverage near resistance. He sees room for a dip or extended consolidation and favors gradually accumulating with a clear plan. Trader exitpump notes Bitcoin open interest is rising quickly while the price remains range-bound, with spot selling absorbing aggressive buyers. He sees a potential flush toward $77,000 as a possible long entry.