Looking ahead, Bitcoin is likely to stay within a contained range, experts told Decrypt.
"The $70,000–$72,000 zone is emerging as an important near-term support, with ETF inflows helping to absorb supply around these levels," Rachel Lin, CEO of decentralized crypto exchange SynFutures, told Decrypt.
Despite sustained Bitcoin ETF inflows totaling over $2 billion over the past four weeks, Adam Chu, chief researcher at options analytics platform GreeksLive, believes Bitcoin could continue to consolidate.
"With the quarterly settlement week approaching, Bitcoin may enter a period of relatively low volatility unless major events occur," Chu told Decrypt.
