ETFs bleed, keeping bitcoin in stasis: Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) has churned between $86,000 and $88,000 over the past 24 hours, with Tuesday’s U.S. jobs data failing to inject meaningful volatility. The price sits near a major technical level which, if broken, could bring more pain. The number of BTC/USD longs (bullish bets) on Bitfinex continues to climb, reaching 72,184 at press time, the highest since February 2024. It may sound counterintuitive, but rising longs have historically turned out ...