The market capitalization of virtual currencies has decreased 1.18% Within the last 24 hours. The fear and greed index of the virtual currency market is 34signals of fear were still prevalent in the market.
AMBCrypto supports Bitcoin ($BTC) saw the longest spot ETF inflows in the past nine months. It signaled an increase in demand and a potential shift in sentiment, but the streak was broken.
This was reported by SoSoValue, a cryptocurrency research platform that aggregates macro market data. -$225.1 million Spot ETF netflow is on Thursday, July 23rd.
Escalating tensions between the US and Iran and rising Brent oil prices coincided with a reversal in ETF flows, adding to the broader risk-off mood across markets.
Bitcoin was falling 1.35%Ethereum is down 1.85%. TOTAL3, which tracks the market capitalization of altcoins excluding ETH, fell. 1.17% in 24 hours.
some $BTC Treasury companies are abandoning the accumulation model and actively liquidating to move away from crypto treasury strategies altogether.
Liquidations and trend changes help explain why cryptocurrencies are down today
On July 19th and 20th, short-term liquidations dominated the crypto market, $305.68 million. In comparison, $164.04 million A long liquidation occurred earlier this week.
Since then, long-term liquidations of $489,268,000 have occurred. $205.13 million dollars in short-term liquidation. In other words, traders who had bet that the upward momentum would continue were forced out of the market.
AMBCrypto had reported that the price rebound in recent days has been accompanied by a significant lack of new capital participation. Short-term holders continued to realize losses and the bears remained in control of the market direction.
Where Bitcoin goes, the rest of the cryptocurrencies tend to follow. Now the direction is south.
The price trend on the higher time frame has been bearish since October 2025. 4 hour chart was also bearish. of $67,292 A bullish reversal of this structure requires a breakout of the swing high.
The bulls tried but failed. $67,000 Resistance zones are convincing. The recent economic downturn is the result of a depletion of buyers and a pervasive weak price structure.
If the current trend continues, the next impulse down could open the door to a retest. $57,800 Area where the seller maintains control.
Final summary
- The cryptocurrency market started this week with a bullish trend in spot ETFs, $BTC Momentum.
- The situation suddenly changed just as Bitcoin and Ethereum entered key resistance zones at $67,000 and $1,920, respectively. Further decline is expected.
