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Hitting the charts hard, 148,272 crypto traders faced the squeeze in the last day, with a whopping $414.19 million evaporating in liquidations. Imagine, MORE than the cost of a mega yacht, gone in a flash!
And talking big, the heftiest blow struck on OKX, where one trader dropped a cool $5.20M on an ETH-USD-SWAP.
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Bitcoin moved to the 4-hour support range of $70,500 - $70,150, found support, and then hit the resistance at $71,500, where it was initially rejected.
If Bitcoin breaks this resistance, it could move towards higher targets. Over the weekend, expect it to range within this area and complete a pullback before continuing upward towards $75,000. Currently, it is testing both static and dynamic resistance levels.
Key levels are: Support: $70,500 / Resistance: $71,500
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For the last 18 days, we've seen a solid inflow into spot Bitcoin ETFs. Yes, you heard it right, the bulls are charging! With over $217.78 million coming in on just one day, June 6th, this trail is blazing hotter than a summer BBQ. The big whale BlackRock? They’re swimming deep, harboring over 300,000 BTC.
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