Mmastodon BusinessCrypto first seen 1 d ago, last 1 d ago, peak #5
Bitcoin stuck in sideways range as ETFs draw inflows
Original: Bitcoin bleibt in einer 12-tägigen Seitwärtszone. Trotz hoher Volatilität verzeichnen BTC-Spot-ETFs Zuflüsse von 31,7 Mi
Bitcoin has been trading in a sideways range for twelve days, showing persistent volatility without a clear breakout. US spot Bitcoin ETFs recorded net inflows of about 31.7 million dollars despite the stagnant price action. In the derivatives market, roughly 431 million dollars in positions were liquidated within 24 hours, the majority of them long positions worth around 320 million dollars, indicating traders betting on a rally were caught off guard.
Why now: Traders are watching whether Bitcoin's prolonged consolidation and heavy long liquidations signal an imminent breakout in either direction.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1086009