Bitcoin Dips 3% Near $68,000 After $261 Million Liquidations
Bitcoin slid roughly 3% to hover near $68,000 after $261.4 million in liquidations over the past 24 hours despite improving Fear & Greed sentiment. Bitcoin ETFs attracted $15.2 million in net inflows, signaling modest institutional demand could support price stability.
1. Price Movement
Bitcoin slipped roughly 3% to trade around $68,000 following $261.4 million in liquidations over the last 24 hours, reflecting heightened selling pressure during holiday-thinned trading.
2. ETF Net Inflows
Bitcoin-focused ETFs recorded $15.2 million in net inflows, indicating ongoing institutional participation that may help cushion further price declines.
3. Liquidations and Sentiment
Fear & Greed sentiment improved modestly, but significant untapped liquidity near $67,300 could trigger additional short-term selling if that zone is swept.
4. Technical Outlook
Analysts note that historical setups near all-time highs often require several weeks of re-accumulation before a sustained reversal, with $67,300 marking a critical support zone for potential rebounds.