๐จ Bitcoin claws back above $70,000 after February dip
Spot ETFs show mixed flows with recent small net inflows amid broader outflows earlier this month.
Bitcoin $BTC has recovered from lows near $60k, now trading around $70,300โ$70,400 (+1โ2% in 24h), as cooler inflation data boosts risk appetite. Traders are watching for signs of renewed momentum
Nikita Bier, X's head of product, has made it clear: the platform will NOT serve as a broker or handle the actual execution of $BTC ,#crypto , or stock trades itself.
This clarification comes after initial buzz and reports suggested that the upcoming "Smart Cashtags" feature would allow full in-app trading right from the timeline.
There will be no custody of funds or direct brokerage role for X #TradeCryptosOnX
๐ช MEMECOIN โDEATHโ NARRATIVE MAY BE THE REAL BOTTOM SIGNAL
And hereโs where it gets interestingโฆ
On-chain data from Santiment shows traders are declaring #memecoin โpermanently deadโ โ the kind of emotional capitulation that historically appears near market bottoms.
When the crowd fully gives up, markets tend to do the opposite. Extreme pessimism often sets the stage for sharp reversals.
Every cycle, retail loses conviction right before liquidity quietly rotates. Narratives shift, influencers go silent, timelines turn hostile โ and just when everyone agrees โitโs over,โ price structure starts rebuilding. Some believe large players prefer maximum disbelief before repositioning.
Is the โmemecoin extinctionโ story organic sentimentโฆ or the final shakeout before rotation begins? #CPIWatch
The spread between the True Market Mean around $79.2K and the Realized Price near $55K mirrors the structure seen in early 2022 ๐
Price is likely to move back and forth within this range as fresh demand gradually absorbs available supply โณ
A short-term regime shift would require a major catalyst โ either $BTC reclaiming $79.2K to signal renewed strength across the market, lifting $ETH with it ๐, or a systemic shock similar to LUNA/FTX that drags BTC toward $55K and pressures ETH lower ๐
Absent those extremes, the higher-probability mid-term scenario remains extended consolidation and steady absorption โ ๏ธ๐ฐ
๐บ๐ธ TRUMP MEDIA FILES FOR $BTC $ETH & CRO CRYPTO ETF
Trump Media has filed with the SEC to launch two new crypto #ETFs : โข One fund will track BTC and ETH together. โข Another will focus on Crypto.comโs $CRO token.