Bitcoin, Ethereum, Dogecoin Dip: BTC ‘Not Ready’ For The $65K Retest, Trader Points Out

Cryptocurrency markets are buying and selling barely down regardless of Bitcoin ETF inflows peaking at a one-month high.

Notable Statistics:

• IntoTheBlock knowledge exhibits giant transaction quantity growing by 22.3% and transactions larger than $100,000 rising from 8,516 transactions as of July 15 to eight,842 as of July 16. Nevertheless, change netflows narrowed by 244.5%.
• Coinglass knowledge revealed 50,913 merchants have been liquidated prior to now 24 hours, with complete crypto liquidations at $155.7 million.
• Coinbureau CEO and co-founder Nic highlighted that Bitcoin ETF inflows have been $422 million on July 16. This marked the biggest influx in over a month.
• Ki Younger Ju revealed Bitcoin whale wallets, together with spot ETFs and custodial wallets, added 1.45 million BTC in 2024 taking the full to 1.8 million BTC. Each week, 100,000 BTC flows in in comparison with 70,000 BTC in 2021.

Notable Developments:

High Gainers:

Dealer Notes: Altcoin Sherpa in his newest tweet noted three completely different Bitcoin situations: a dump to $63,000 and $60,000 will return the pump whereas a dump to $60,000 with some bounces will result in “die.”  Nevertheless, he’s hopeful of breaking the present degree and reaching $70,000.

Crypto dealer Rekt Capital highlighted Bitcoin’s present help and retest ranges, predicting an identical retest to verify a break again into the $65,000-$71,500 area.