Bitcoin Stalls at $63,000 as ETF Inflows Fail to Boost Price
Bitcoin struggled to gain momentum on Friday, despite robust spot ETF inflows earlier in the week.
According to Coinglass data, a total of 94,015 traders were liquidated in the past 24 hours for $359.33 million.
SoSoValue reported net inflows of $233.1 million from spot Bitcoin ETFs on Thursday, and $13.3 million from spot Ethereum ETFs.
CryptosBatman believes that Bitcoin's broader market structure is weakening, as it continues to form lower highs while holding a key trendline support.
If this trendline breaks, the analyst expects a move towards the $58,000 level.