The Crypto Fell Due to Risk Aversion, but Remained Within the Consolidation
Bitcoin plunged 3.8% shortly after the opening of trading in Asia, reducing losses to 2.5% during trading in Europe. Bears are pushing their agenda, forming powerful downward momentum during the lowest liquidity. This allows them to form frightening candlesticks on the charts and trigger stop orders. Technically, the first cryptocurrency remains within the rebound range after the October-November sell-off. At the same time, the downward momentum has not broken the upward trend passing through the lows of November and December last year.
Crypto News
According to SoSoValue, net inflows into spot BTC ETFs amounted to $1.42 billion for the week, the highest since October. Since January 2024, total inflows have amounted to $57.82 billion….
