Crypto Market Trades Sideways Amid Low Volatility

The cryptocurrency market is experiencing a relatively calm Tuesday, with major assets trading sideways. Bitcoin has held above $64,000, despite spot Bitcoin ETFs returning to net inflows on Monday.

CoinGlass data shows that 64,687 traders were liquidated in the past 24 hours for $242.91 million. Meanwhile, spot Ethereum ETFs saw net inflows of $30.85 million, according to SoSoValue.

Crypto trader Jelle believes Bitcoin is in the late stages of its bear market, citing low spot exchange volume and a slowdown in exchange inflows. He also points out that seller exhaustion and MVRV-Z metrics are approaching historical bottom levels, suggesting a potential accumulation opportunity.