Cryptocurrency markets are trading lower as Bitcoin ETFs clocked a second consecutive day of outflows on Wednesday while Spot Ethereum flows remaining muted.
Notable Statistics:
Notable Developments:
Top Gainers:
Trader Notes: With Bitcoin prices dropping below the $60,000 mark, Santiment detailed that Bitcoin’s fall to as low as $58,900 is identified as a “dip buy opportunity” by traders. He indicated that sentiment was shifting to a bullish outlook, especially following the U.S. CPI report that suggests potential rate cuts are still on the table.
Crypto trader Andrew Crypto presents two potential scenarios for Bitcoin. The most probable outcome is a decline to the support level of $52,000, which could serve as the final flush before the parabolic run.
The second scenario is the ultra-bull scenario with support at the $57,000/$60,000 demand zone.
Two possible scenarios:
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
