Connect with us
DAPA Banner

Crypto World

US Spot Bitcoin ETFs Draw $471M as BTC Nears $70K; LiquidChain Pitches Layer-3 DeFi Buildout

Published

on

US Spot Bitcoin ETFs Draw $471M as BTC Nears $70K; LiquidChain Pitches Layer-3 DeFi Buildout

U.S. spot Bitcoin ETFs took in $471 million on Monday, marking their strongest single-day inflow since 25 February and helping drive Bitcoin back toward the $70,000 level.

The move points to a renewed pickup in institutional demand even as macro risks remain in focus. Traders are increasingly positioning for a larger volatility event into mid-Q2, with markets also factoring in a steadier interest-rate backdrop and possible easing in Middle East tensions.

As capital returns to crypto, some investors are also rotating beyond Bitcoin into infrastructure projects aimed at addressing blockchain scalability. Among them is LiquidChain (LIQUID), a Layer 3 network targeting high-frequency trading and complex decentralized applications.

Bitcoin had spent weeks consolidating between $65,000 and $68,000, but recent price action suggests sentiment is improving. The $70,000 area, previously viewed as a psychological ceiling, is now being watched as support, while 24-hour trading volume has risen 35% to $52 billion.

Advertisement

Analysts continue to point to a potential supply squeeze as ETF issuers absorb Bitcoin faster than new coins are mined. Michaël van de Poppe (@CryptoMichNL), founder of MN Consultancy, said Bitcoin is showing strength and that the market may be entering a fresh expansion phase.

https://twitter.com/CryptoMichNL/status/204122794227395017641227942273950176

On-chain data has also supported the more constructive view. The Cumulative Value Days Destroyed (CVDD) floor has recently reset, a signal often interpreted as evidence that long-term holders have completed a distribution cycle and that a new floor may be forming.

At the same time, Bollinger Bands on the daily chart are at their tightest levels in years, indicating compressed volatility. Historically, similar setups have preceded moves of 40% or more, leaving traders focused on the likelihood of a sharp breakout rather than continued sideways trade.

Advertisement

Why scalability plays are drawing attention


While Bitcoin remains the market’s primary store-of-value trade, a higher-risk appetite is also benefiting projects tied to network capacity and execution speed. That backdrop has put Layer 3 protocols such as LiquidChain (LIQUID) on investors’ radar.

LiquidChain is building a Layer 3 network that sits on top of existing Layer 2 systems, with a focus on decentralized finance and gaming use cases. The project says it aims to connect Bitcoin, Ethereum, and Solana in a unified execution layer spanning the three largest blockchain ecosystems.

According to the project, its infrastructure uses ZK-rollup technology to offer sub-second block times and near-zero gas fees while relying on the security of underlying networks. The architecture is intended to support high-throughput applications that are harder to run efficiently on traditional chains.

The LIQUID token is designed for gas fees, governance, and staking within the ecosystem. LiquidChain says early users can already access staking with rewards of up to 42% APY, while interest has increased ahead of a mainnet launch expected later this quarter. The project also says its community has grown by more than 50% over the past month.

Advertisement

LiquidChain access and staking options


Users interested in the project can visit the official LiquidChain website, connect a supported crypto wallet, and review the available documentation and community resources.

The platform says it supports multiple wallets and offers bridging from major Layer 2 networks. It also points users to the Best Wallet app, available via the Apple App Store and Google Play, for integrated support for ecosystem tokens, including LIQUID.

After acquiring tokens, users can participate in early staking, which the project says currently offers up to 42% APY.

For updates, users can follow LiquidChain on X and join the official Telegram group.

Advertisement

Visit LiquidChain.

The post US Spot Bitcoin ETFs Draw $471M as BTC Nears $70K; LiquidChain Pitches Layer-3 DeFi Buildout appeared first on Cryptonews.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Bitcoin Risks Final Leg Down to $54K in the Next 5 Months, Analyst Warns

Published

on

Bitcoin Risks Final Leg Down to $54K in the Next 5 Months, Analyst Warns

Multiple Bitcoin indicators, including a bull-bear sentiment index and realized price metric, point to a possible final BTC shakeout toward $54,000

Bitcoin (BTC) is showing signs of the bear market’s late stages but could see another leg lower in the coming months, says Joao Wedson, founder and CEO of on-chain analytics platform Alphractal.

Key takeaways:

Advertisement
  • BTC may still see one last big drop before recovering, based on one sentiment indicator.

  • The next likely downside target is near Bitcoin’s realized price at $54,000.

BTC index hints at a drop toward $54,000

In a Tuesday post, Wedson said Bitcoin’s 720-day Tactical Bull-Bear Sentiment Index (TBBI), a long-term indicator that tracks multi-year cycles of fear and greed, had dropped into an extreme bearish zone below 20.

Historically, such readings have reflected “late-stage fear” among traders, a phase that can still produce one final shakeout before Bitcoin begins a more durable recovery.

Bitcoin TBBI vs. BTC price. Source: Alphractal

In 2022, for instance, Bitcoin fell more than 20% after the indicator reached similarly depressed levels.

A comparable setup also appeared before Bitcoin lost around 50% in 2018, prompting Wedson to see a similar possibility in 2026.

Related: Bitcoin RSI ‘nearly perfectly’ copying end of 2022 bear market: Analysis

Advertisement

He warned that Bitcoin could still face “a sharp move like a –$15K shakeout” over the next six months, implying a roughly 20% decline from current levels toward the $54,000 area.

More BTC indicators converge on $50,000–$55,000

The implied target matches earlier BTC downside calls that see Bitcoin falling toward the $50,000–$55,000 area on war-led oil inflation and quantum security risks.

The $54,000 level also nearly coincides with Bitcoin’s realized price (purple) on Glassnode’s MVRV Extreme Deviation Pricing Bands, suggesting any final shakeout could send BTC toward a key on-chain cost-basis support level.

BTC MVRV extreme deviation pricing bands. Source: Glassnode

More bearish forecasts have also surfaced, with analysts such as Bloomberg Intelligence’s Mike McGlone warning that Bitcoin could eventually slide to as low as $10,000.

Still, Strategy’s aggressive Bitcoin purchases in recent weeks have helped absorb selling pressure and limit BTC’s downside, raising the possibility that the broader bearish scenario may fail to play out.

Advertisement

As Cointelegraph reported, Bitcoin could reverse sharply and climb back toward $100,000 or higher if the Michael Saylor firm continues its buying spree.