$BTC According to Coinglass, over the last 24 hours, more than 97,000 traders were liquidated for a total of $176.13 million. Open interest in the market has decreased by 4.62%, while the volume of liquidations has increased by 2.59%. The Fear and Greed Index for the crypto market remains at a level of 51, indicating neutral investor sentiment.
Leading crypto analyst Willy Woo noted that Bitcoin's fundamental indicators have returned to a 'bullish' trend. He emphasized that capital inflows into the network are increasing, and all dips during the current market regime should be viewed as buying opportunities. However, Woo warned that due to market overload, further growth may be limited in the short term.
Analyst Michaël van de Poppe added that altcoins have started to recover after the 'longest bear market in the last four years.' He pointed out the increased correlation between the dynamics of the yuan and Ethereum relative to Bitcoin, indicating the growing influence of macroeconomic factors.
In turn, crypto expert Ali Martinez reported that the Bitcoin accumulation trend indicator is approaching maximum values, indicating active accumulation of the asset among investors. Against this backdrop, the market continues to develop, particularly due to the rise in institutional participation and calls for clearer regulation from representatives of the SEC in the USA.
