Crypto Market Sees $1B Inflows, Institutional Demand Returns

Bitcoin and Ethereum prices remained relatively flat in recent trading, but other cryptocurrencies saw significant gains. The price of Bitcoin held above $86,000 as spot Bitcoin ETFs attracted nearly $1 billion in net inflows, indicating renewed institutional demand.

Coinglass data shows that 93,939 traders were liquidated in the past 24 hours for a total of $437.68 million. This indicates significant selling pressure in the market.

On the other hand, spot Ethereum ETFs saw net inflows of $269.98 million. Analyst CryptosBatman attributes this to the return of 'real capital' to the market after months of weakness.