Analysis: Crypto Market Enters Range-Bound Trading, ETF Fund Flows Become Bull-Bear Watershed

Odaily News Bitcoin briefly reclaimed the top of its range above $70,000 this week but quickly retreated to around $67,000, with the overall market showing a volatile pattern of "failing to sustain gains at highs." Additionally, the ongoing Middle East tensions dragged down Asian stocks, with the South Korean stock market recording its largest two-day drop since 2008. Analysts pointed out that the market recently experienced a "shock-liquidation-rebuild" cycle. Weekend selling was largely driven by passive liquidations amid thin liquidity, leading to a swift rebound once pressure eased. This round of correction also reflects the accumulated disappointment from previous market crashes. Against the backdrop of strength in stocks and precious metals, crypto assets are facing relative pressure. If overhead resistance remains effective, Bitcoin may need to consider retesting the $63,000 level. The key to whether Bitcoin's price can rise lies in whether ETF inflows can be sustained this week. (CoinDesk)