Crypto Markets See $768M Liquidations Amid Mixed Bitcoin, Ethereum ETF Flows

Cryptocurrency markets have shown mixed performance with Bitcoin trading sideways to lower, influenced by upcoming inflation data and significant options expirations. Despite recent price corrections and bearish short-term trends, some analysts maintain a bullish long-term outlook, projecting Bitcoin to reach targets between $115,000 and $126,000, with potential corrections setting up future rallies through 2025. Ethereum has attracted institutional interest, notably BlackRock's $314 million purchase amid market dips, while expectations for Ethereum's price reaching $7,500 by the end of 2025 have been voiced by Standard Chartered. XRP remains resilient despite lukewarm reception to the newly launched Gemini XRP credit card, with Ripple's CEO actively promoting the product. Market sentiment currently reflects elevated volatility and sell pressure, with whales selling large amounts of Bitcoin, yet some traders view current support levels as potential entry points for rebounds. Overall, the crypto market is navigating uncertainty with cautious optimism about recovery and growth in the medium term.