For the third consecutive day, Bitcoin (BTC) remains below the $76,000 mark, currently trading at $75,440. CoinGlass data reveals that bullish traders are targeting a substantial sell wall amounting to $450 million located between $75,900 and $76,300. These orders likely originate from traders aiming to short-sell around the range’s peak in anticipation of a downturn towards approximately $68,000 or from those looking to prevent a breakout with associated liquidation risks.
On Thursday, U.S. equities reached unprecedented highs as tensions ease between Israel and Lebanon following a ceasefire in Iran. While cryptocurrencies initially outperformed stocks during the onset of this conflict, they have since retreated into a more subdued position.