Bitcoin has reclaimed $91,000, with liquidations exceeding $171.56 million in the past 24 hours.
Bitcoin ETFs saw $21.1 million in net inflows on Wednesday, while Ethereum ETFs reported $60.8 million in net inflows.
BTC waiting for breakout
Crypto trader CJ noted that Bitcoin on a four-hour time frame could reach a cluster of previous highs. If the move is rejected and the price falls back into the range, he considers selling short.
Altcoin Sherpa added that Bitcoin is approaching a key breakout zone. A sharp breakout would likely trigger strong market strength and a rally in major assets, he said.
Michael van de Poppe highlighted that Ethereum appears poised for further upside, with growing momentum for continued upside.
Crypto Batman highlighted that XRP reclaimed prior support and broke out of a bullish pennant, a classic continuation pattern that offers strong entry on a breakout for aggressive traders.
The coin sector itself is relatively muted, down 0.4% at a valuation of $49.3 billion. Trader Tardigrade noted that Dogecoin had printed several bull flags throughout its recent uptrend, signaling sustained strength despite caution from the broader market.
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