Bitcoin traded around $74,000 on Friday as improving regulatory sentiment helped stabilize crypto markets.

The move comes after the Commodity Futures Trading Commission opened the door for crypto perpetual futures trading in U.S.

Notable Statistics:

• Coinglass data shows 96,876 traders were liquidated in the past 24 hours for $266.92 million.      
• SoSoValue data shows net outflows of $228.9 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $121.4 million.
• In the past 24 hours, top gainers include Injective, Hyperliquid and Artificial Superintelligence Alliance.

Notable Developments:

• Coinbase, Kalshi Receive Regulatory Green Light For Crypto Futures Trading In The US
• Strategy Moves Bitcoin To Coinbase: Here’s What It Means For MSTR
• SpaceX IPO Frenzy Arrives In Crypto—And One Exchange Is Reaping The Benefits
• Bitcoin ETFs Are Starting To Look More Like Gold Than Tech — And Wall Street May Love It
• Bitcoin ETFs Lose $2.8 Billion In 9 Days: What Is Going On With Institutions?
• Bitcoin Drops $10,000 In 3 Weeks: Where Is The Bottom?
• ‘The Anti-Crypto Army Was Defeated,’ Says Ripple CEO Brad Garlinghouse, Credits Trump For The Win
• Why Has XRP Not Pumped Despite Institutional Adoption? This Report Found The Answer

Trader Notes:

Ted Pillows said Bitcoin currently faces two major liquidity clusters that could dictate short-term direction. According to the analyst, upside liquidity sits between $74,500-$75,00 and downside liquidity rests near $72,000.

Pillows expects Bitcoin to first sweep higher liquidity levels before potentially reversing lower.

Jesse Olson warned Bitcoin bulls still need to defend the $68,000 region to preserve the broader market structure. The analyst said losing that level could expose BTC to a much deeper correction toward the next major support zone marked by a longer-term trendline.

Trader KillaXBT identified $74,200 as a critical lower timeframe point of interest. According to the trader, holding $74,200 as support could push BTC toward the monthly open near $76,000. Failing to reclaim the level may trigger a drop toward $70,800

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