- BTC might revisit $66,132 while ETH’s price might slide toward $3,152.
- BNB, SOL, and AVAX prices might end up consolidating in the next few days.
- ADA looked set to fall to $0.58, SHIB might recover while TON could reach $6.50.
On March 22, the crypto market, led by Bitcoin (BTC) experienced turbulence periods before a mild recovery. During the trading session, the value of BTC plunged to $62,503. This drawdown also spread to altcoins as prices slumped.
Later on, the price jumped and was changing hands at $64,756 at press time. Since hitting $73,000 some days ago, Bitcoin has struggled to revisit the $70,000 region. However, Coin Edition was able to identify one of the reasons that was linked to spot Bitcoin ETFs.
Unlike the previous weeks, ETFs registered high outflows, indicating buyers were less dominant in the market. Buying pressure in the spot market too has been encouraging while leveraged traders have had to suffer from the inconsistencies.
According to Coinglass, contracts worth $259 million were liquidated in the last 24 hours. Out of this, longs accounted for $173.86 million whi…
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