Bitcoin traded near $84,583, up 0.31%, as traders consolidated after a sell-off and watched whether the cryptocurrency could turn former resistance into support. A newer derivatives update reported $341 million in liquidations affecting more than 83,000 traders, including $222 million in long positions and $120 million in shorts. Roman Trading said a weekly close above $82,500 would strengthen the bullish structure, while Ardi identified $85,000 as the level Bitcoin must reclaim to resume its advance. Trader Jelle said converting the 50-week and 100-week exponential moving average cluster into support would be a significant longer-term bullish signal. Spot Bitcoin ETFs recorded $346.98 million in net inflows on Wednesday, while spot Ethereum ETFs attracted $104.63 million. Analysts remain focused on whether Bitcoin can hold the $81,000-$83,000 breakout area; failure could send it back into the $70,000s.