BTC Nears $77K, ETH Holds Steady at $2,128 Amid Bearish Sentiment
On Tuesday, BTC traded at $76,952, down 0.6% for the day, dangerously approaching the $77,000 threshold. ETH remained stagnant at $2,128, showing no significant variation. Over the week, BTC’s cumulative loss reached 5.8%, a level beginning to concern short-term investors. The day was quiet in terms of news, but the overall sentiment remained bearish. Traditional financial markets were also sluggish, with investors awaiting upcoming central bank decisions. In this context, BTC appears to lack catalysts to reverse the trend. Net flows into Bitcoin Exchange-Traded Funds (ETFs) are declining, indicating a temporary waning of institutional interest. Furthermore, on-chain data reveals an increase in transfers to exchanges, often interpreted as a sign of imminent selling. For observers, the $76,000 area represents a critical support level. If breached, a test of $75,000 could quickly follow. ETH, by remaining stable, offers an interesting contrast, but this stagnation could be a prelude to further declines. The coming days will be decisive in determining whether the market finds a floor or if the correction deepens.
