Bitcoin trades sideways heading into the weekend as spot BTC ETFs see significant outflows and crypto sentiment remains firmly in the fear zone.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $62,810 |
| Ethereum | (CRYPTO: ETH) | $1,872 |
| Solana | (CRYPTO: SOL) | $75.10 |
| XRP | (CRYPTO: XRP) | $0.9984 |
| Dogecoin | (CRYPTO: DOGE) | $0.06982 |
| Shiba Inu | (CRYPTO: SHIB) | $0.054615 |
Notable Statistics:
- Coinglass data shows 82,737 traders were liquidated in the past 24 hours for $166.56 million.
- SoSoValue data shows net outflows of $131.1 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $6.72 million.
- In the past 24 hours, top gainers include Bitway, OKB and Shiba Inu.
Notable Developments:
- Bitcoin, Ethereum, Solana, XRP Remain Trapped: ‘Crypto Bottom May Take Months,’ Trader Cautions
- ‘Crypto is Dead’ Chatter Is Back but Here’s Why That’s Bullish for BTC, ETH, XRP
- Bitcoin Holding Above $60,000 Is ‘Very Telling’, Analyst Says
- Forget Bitcoin, S&P 500: Pokémon Cards Are Up 28% In 2026 and Beating Them Both
- Strategy, Metaplanet Face MSCI Exclusion Again: Will History Repeat?
- The S&P 500 Pumped on Good Inflation Data — Why Didn’t Bitcoin?
- XRP Clinging On to $1 and Could Crater Another 50%, Analyst Warns
- Trump-Affiliated WLFI Token Delays Expansion Plans Over Iran War
Trader Notes:
Trader Michael van de Poppe said the key is to keep accumulating Bitcoin rather than trying to time the exact bottom.
Over a five-year horizon, buying at $55,000 versus $60,000 may matter little, just as buying at $16,000 versus $20,000 four years ago does today.
Rekt Capital noted Bitcoin has repeatedly wicked below $63,000 but managed to recover.
However, weakening rebounds from that level, combined with Bitcoin’s historical tendency to roll over in the second half of August during bear-market years, point to growing downside risk.
A weekly close below $63,000 would confirm the existing technical and seasonal weakness.
Altcoin Sherpa expects Bitcoin to remain in a 2-4 month consolidation phase even after finding a bottom, like 2018 and 2022.
However, both prior cycles featured sharp capitulation moves around the final bottom, something the trader believes has yet to occur this cycle, potentially setting up a volatile latter half of the year.
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