The Bitcoin has dropped from its intra-week high of around $72,000, but bulls are trying to maintain the price above $69,000. Bitcoin is on track to end the week with marginal gains of just over 2%. Although Bitcoin has failed to rise above the upper resistance, buyers have remained active.

Data from Farside Investors shows approximately $1.7 billion in inflows into Bitcoin spot exchange-traded funds this week. This brings the total investment in Bitcoin spot ETFs to $15.5 billion as of June 6. The strong buying suggests that traders anticipate the upward movement to continue.

However, Bitcoin fell on June 7, dragging several altcoins down. Trader Daan Crypto Trades said in a post on X that open interest in Bitcoin dropped by $1.3 billion and in Ether by $800 million during the fall. The decline doesn't seem to have shaken investors. QCP Capital believes that Bitcoin and Ether will likely form local lows, as future actions by the Federal Reserve could benefit risk assets.

Bitcoin is trying to turn the $69,000 level into support, and if successful, BNB, TON, FIL, and INJ may rise. #BnbAth #altcoins #BTC #bitcoin #tonecoin