🟢 Traders often refer to round numbers as critical levels of support or resistance. The $60,000 level could be significant for Bitcoin. According to experts, the average entry price for a Bitcoin ETF ranges from $60,000 to $61,000, and retesting this level could trigger a wave of liquidations.
🟢 However, recent statements from JPMorgan and BlackRock indicate that the inflow of funds into spot ETFs is primarily coming from existing crypto market participants, rather than large institutional investors. This could influence further price fluctuations of Bitcoin and retail investor interest in the asset.