Bitcoin's 7% Drop Sparks $660M Liquidations as ETF Momentum Cools Amid US Economic Data Impact.

Bitcoin Rich - Returning to $76k?

Bitcoin experienced a significant sell-off yesterday, possibly triggered by yesterday's high-impact PPI news.

Despite this, bitcoin remains extremely bullish, with the ongoing correction not enough to dispel the optimism.

The flow of Bitcoin ETFs continues to look promising, with a monthly volume for the ten bitcoin ETFs in March nearing $70 billion, surpassing the numbers from both February and January, which were at $65 billion. This indicates that money is still flowing into the market, which is a key factor fueling upward momentum.

ETFs are performing well, indicating a healthy flow of funds.

The Liquidity Heatmap suggests a bullish scenario.

However, there are three key levels to monitor closely.

Below are three critical support levels. Currently, the first level is holding, and if it continues to do so, I anticipate a surge between $74k to $76k or further correction to the highlighted levels before a continuation upwards.

Content shows:
Bitcoin Chart
Liquidity Heatmap
The ten Bitcoin ETFs chart

Good luck to all traders. $BTC
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