Daily $BTC Overview
đŽMarket liquidations over the past 24 hours, according to CoinGlass: ~43K traders were liquidated, amounting to ~$162 million â ~40% long positions and ~60% short positions.
The launch of Ethereum ETFs is set for July 23. ETFs from 21Shares, Fidelity, Franklin Templeton, Invesco, and VanEck have received final regulatory approval.
đŽOn this news, BTC has risen to 67.5K, testing the resistance level. If the launch goes well, we could see continued growth in line with my scenario â towards 70-72K as early as next week.
đŁHowever, itâs important to understand that the marketâs movement will be influenced more by medium- and long-term inflows of funds rather than short-term ones. Therefore, we may not see immediate growth. The scenario of a pullback from 72K downwards is still possible. We will monitor the situation closely.
