WS #15431
Bitcoin ETFs are seeing renewed inflows of $119 million after a significant liquidation event wiped out $403 million in positions, suggesting that the market is finding a floor around the $80,000-$87,000 range. Polymarket data indicates mixed expectations for short-term price action, with bets on both dips and rallies. The stabilization marks a potential bottoming process, though volatility remains elevated as traders digest the recent leverage flush.
Crypto Market Stabilization
Bitcoin ETFs are seeing renewed inflows of $119 million after a significant liquidation event wiped out $403 million in positions, suggesting that the market is finding a floor around the $80,000-$87,000 range. Polymarket data indicates mixed expectations for short-term price action, with bets on both dips and rallies. The stabilization marks a potential bottoming process, though volatility remains elevated as traders digest the recent leverage flush.