Daily $BTC Overview

🔴Market liquidations over the past 24 hours, according to CoinGlass: ~43K traders were liquidated, amounting to ~$162 million — ~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.

🔴On 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 — towards 70-72K as early as next week.

🟣However, it’s important to understand that the market’s 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.