Bitcoin struggled to gain momentum on Friday despite tis week’s robust spot ETF inflows.
- Coinglass data shows 94,015 traders were liquidated in the past 24 hours for $359.33 million.
- SoSoValue data shows net inflows of $233.1 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $13.3 million.
- In the past 24 hours, top gainers include MemeCore, Audiera and Pump.fun.
CryptosBatman says Bitcoin’s broader market structure is weakening as it continues to form lower highs while holding a key trendline support. A confirmed breakdown below that support could trigger a move toward the $58,000 level.
Trader KillaXBT notes Bitcoin has fallen 2.8% since the FOMC meeting, in line with historical post-FOMC weakness.
Since six of the last seven FOMC events saw average declines of 4%–5%. The analyst expects a possible retest of the $60,000–$61,000 range, warning that a break below $60,000 could trigger a sweep of the recent lows.
Michael van de Poppe explained that Bitcoin often sees a pullback on the last trading day of the month, even when broader market strength remains intact.
He views the current retracement as a normal range-bound move, advising investors to accumulate during weakness, stay patient, and avoid overreacting to short-term volatility.
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