Trading firm Wintermute's options desk puts bitcoin in a $61,242 to $63,563 range for Tuesday, with correlation rising across tokens and no fresh ETF bid in sight.

Eased ETF selling and improving risk appetite are being offset by a firmer dollar and cautious institutional flows, leaving bitcoin range-bound, one analyst said.

Analysts noted bitcoin is stuck between key support near $60,000 and resistance around $68,000, and a bearish chart pattern could send prices toward $54,000.