Bitcoin has risen to US$ 77,271.75 in the last 24 hours, an increase of 2.68 per cent a day. Market sentiment has warmed up, driven mainly by improved liquidity in the United States and a warm regulatory environment with encryption, which continues to support off-the-shelf purchases.
Continued ETF inflow
The United States current bitcoin ETF combined net inflows of $606.29 million on 20 August, continuing the previous trend of inflows. Continued requisitions bring new purchases to the spot market and reinforce market expectations for the continuity of the rebound.
Zooming in.
This round is not only from spot demand. As prices went up rapidly, part of the empty silo was forced to level, further boosting market volatility. The data show that over $1.2 billion of bitcoin silos have been liquidated in this troupe, with a clear fallback effect.
- Bitcoin 24 hour increase: 2.68%
- Latest price: US$77,271.75
- Scale of empty liquidation: over $1.2 billion
$75,000 for short-line support.
The market is now at a critical point of $75,000. If prices continue at this level, the rebound is expected to continue, and the next target area will look around US$ 79,463. Short-line fluctuations are likely to increase if purchases slow down.