Bitcoin held steady despite continued ETF outflows and nearly $500 million in crypto liquidations, with analysts divided on whether the market has reached a durable bottom. Some point to rare bullish RSI divergences as evidence of a potential reversal, while others argue historical bear-market drawdowns suggest one final capitulation.
Bitcoin trades around $60,000 as analysts remain divided on whether a durable market bottom has formed.Notable Statistics:
Coinglass data shows 90,825 traders were liquidated in the past 24 hours for $484.09 million.
SoSoValue data shows net outflows of $696.3 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $81.9 million.
In the past 24 hours, top gainers include Jito, SKYAI and Aave.
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