Summary
- Bitcoin has recovered stability amid institutional buying, it reported.
- It said that inflows of ETF funds and aggressive buying by whales have turned the derivatives and spot markets into an environment favorable for accumulation.
- It reported that Bitcoin is currently trading at 102,943.10 dollars, up 1.13% from the previous day, according to CoinMarketCap.
Bitcoin, despite sharp fluctuations over the past week, has held the $100,000 level and is said to have regained stability.
On the 8th (local time), The Block reported that Timothy Mishir, head of BRN Research, said, "Market sentiment is shifting from 'panic' to 'positioning,'" and added, "Leverage liquidations have cleansed the derivatives market, and the spot market has become favorable for accumulation."
He went on to say, "With ETF funds flowing back in and whales buying aggressively, it is more likely to enter a recalibration phase than to see further declines."
Meanwhile, according to CoinMarketCap, Bitcoin is trading at 102,943.10 dollars, up 1.13% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
