[LIVE]Crypto News Today: BTC Bulls Still In Play? ETH Targets $4k As Big Money Moves In

Market Overview - Bitcoin (BTC) is currently trading just above $100,000, experiencing a daily increase of 1.2% but a weekly decline of 6.95% [1] - The recent selloff saw BTC dip below $100,000 for the first time since June, which is viewed as more panic-driven than fundamentally based [1] Investor Sentiment - Retail traders have been facing losses and failed leveraged bets, contributing to a negative market sentiment [2] - In contrast, financial advisers and institutions are taking advantage of lower prices to accumulate BTC through ETFs such as iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Trust (GBTC) [2] Institutional Activity - Despite a slowdown in accumulation since mid-year, institutional inflows remain positive, indicating continued confidence in BTC as an asset class [3] - Advisors and institutions express excitement about allocating to BTC, which has shown strong returns over the past year [3] Price Stability and Technical Analysis - BTC has stabilized above the $103,000 level but is still below its recent high of $110,000, with technical signals suggesting a potential uptrend [3] - Trading volumes indicate that investors are buying and holding BTC near the $103,000 level, with a crypto analyst noting that BTC has formed a higher low, indicating potential for a price increase [4] Ethereum Market Dynamics - Ethereum (ETH) has bounced back by 2.23% in the last 24 hours, recovering from a significant drop that triggered over $1.3 billion in long liquidations [4] - The market is currently skewed towards short positions, with a potential for a $7 billion short squeeze if ETH rebounds [5] Support Levels and Potential Recovery - ETH is testing long-term support levels between $3,000 and $2,800, which have historically been strong [6] - A recovery in ETH's price could lead to a wave of short liquidations, potentially pushing the price towards $4,000 [6]