Read crypto trading news, market structure shifts, technical setups, derivatives activity, and strategies used across volatile markets.
Early trading data from Bloomberg revealed that iShares Bitcoin Trust (IBIT) had surpassed GBTC in trading volume, indicating a resurgence in investor confidence.
Assad Jafri 2 min read 
Bitcoin ETF flows and upgrades to Coinbase's stock rating are likely at play.
Bitcoin bounces back over $40,100 amid shifting ETF inflows and outflows, GBTC movements point to market impact.
Bitcoin's improved price liquidated roughly $160 million from crypto traders who held positions on the market.
The decline to around $40,000, Bitcoin's lowest level since mid-December of the previous year, has been driven by a sustained sell-off amid a series of macroeconomic and market-specific factors.
Ethereum's price fell by more than 4% during the past day due to the significant selling pressure.
The quick recovery indicates a recalibration of investor sentiment and strategic buying at lower price points.
Coinbase Prime's trading surge linked to ETF market activity with over $5 billion in Bitcoin wallet inflows and outflows within a week.
The flagship crypto experienced $20.52 million in liquidations over the past 24 hours, roughly 85% of which were longs — equating to $17.48 million.
