The market breathed a sigh of relief. After a series of sell-offs, bitcoin once again held above $68,000, and the total market capitalization rose by about 6% to $2.42 trillion. The growth came amid inflows into spot Bitcoin ETFs and the synchronous rise of the largest assets.
Bitcoin and Ethereum Regain Psychological Levels
BTC rose from $62,900 to $68,200 at the time of publication. The daily gain was about 6.2%, and the weekly trend returned to positive territory.
Ethereum showed a stronger move. The price exceeded $2,060, adding more than 10% in a day and about 4.6% for the week. Among the top 10 assets, Solana looked the strongest, gaining over 12%. The growth was broad-based across the market, not isolated. This is a sign that some capital has returned to the altcoin segment.
But Fundamental Signals Remain Cautious
Despite the rebound, a number of on-chain indicators point to ongoing tension. The Realized Profit/Loss Ratio for bitcoin on the 90-day moving average dropped below 1. Historically, such periods mean a phase of prevailing loss realization and can last for months before liquidity returns to a constructive phase.
The Fear and Greed Index rose from 8 to 11 points. This is a slight improvement, but the indicator is still in the “extreme fear” zone. The market has bounced. Confidence is still lacking.
Leaders of Growth and Liquidations
Among the top 100 assets by capitalization, the most notable gains were:
- Filecoin — more than 22%
- Polkadot — about 22%
- Uniswap — around 17%
The decline was limited. Only a few tokens showed moderate negative dynamics. According to CoinGlass, in the last 24 hours, positions of about 97,300 traders were liquidated for a total of about $316 million. The main blow was to shorts — more than $258 million.
Liquidations for BTC amounted to about $8.6 million, for ETH — just over $6 million, for SOL — about $1.6 million.
This indicates that the rebound was partly amplified by the closing of short positions.
ETFs Support the Price Again
On Tuesday, spot Bitcoin ETFs recorded net inflows of more than $257 million. Total assets under management reached about $81.3 billion.
Ethereum ETFs also showed a positive result — about $9.2 million in inflows. Fund flows remain a key factor. As long as inflows continue, the market receives structural support.
Macro Background Remains Tense
Yields on US Treasury bonds rose slightly after Donald Trump's speech, in which he focused on the economic agenda and outlined a number of initiatives.
In the coming days, attention will shift to macro statistics. On Thursday, data on initial jobless claims will be released, and on Friday — the producer price index report.
Geopolitical risks also remain a priority. Any new headlines can quickly change short-term dynamics.
What's Next?
The current rebound looks technically convincing. However, it is happening against the backdrop of still weak sentiment and a recent phase of aggressive loss realization.
If ETF inflows persist and bitcoin holds above $68,000, the market may move into a more sustainable recovery phase. For now, this is more of a relief after pressure than a confirmed reversal.
Read More: Bitcoin Rose Nearly 5% Amid Capital Rotation From Gold
