Bitcoin trades flat as $532.43 million in crypto liquidations hit traders

Bitcoin traded relatively flat on Tuesday as traders moved to lock in profits, with the cryptocurrency priced at $78,916. Ethereum stood at $2,462, Solana at $98.05, XRP at $1.47, Dogecoin at $0.08868 and Shiba Inu at $0.055447. Coinglass data showed that 78,712 traders were liquidated over the previous 24 hours, resulting in $532.43 million in liquidations. SoSoValue data showed net inflows of $337.6 million into spot Bitcoin ETFs on Monday and $115.6 million into spot Ethereum ETFs. Official Trump, Pump.fun and Ether.fi were among the biggest losers over the previous 24 hours. Traders are focused on whether Bitcoin can break the $83,000 resistance area. Trader Jelle said a sustained move above that level would turn market structure (the pattern of highs, lows and trend) bullish again, while CryptosBatman identified a liquidity wall above $80,000 and strong bids between $77,000 and $78,000. Trader exitpump said a tactical short near $80,000 could be justified as Bitcoin retests a key VWAP (average price weighted by trading volume) for the first time since the downtrend began, but expects any decline to stay above $70,000 and says the bottom is already in, with pullbacks to be bought aggressively. Other developments highlighted included claims that Bitcoin and Ethereum are underowned, debate over whether Bitcoin at $79,000 signals the start of a bull run, Arthur Hayes calling Scott Bessent "Yellen 2.0" and Bitcoin a "liquidity smoke alarm," a 654% surge in XRP active addresses, limited whale participation during Bitcoin's move to $80,000, and Zcash reaching an eight-year high as the world's first ZEC ETF went live.

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Bitcoin trades flat as $532.43 million in crypto liquidations hit traders - CoinPost Terminal