Bitcoin rose about 12% in a single day to reclaim the $70,000 level, even as market sentiment remained in Extreme Fear territory and roughly $2 billion in leveraged positions were liquidated.

Notable Statistics:

Coinglass data shows 418,215 traders were liquidated in the past 24 hours for $1.93 billion.

SoSoValue data shows net outflows of $434.2 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $80.8 million.

In the past 24 hours, top gainers include XDC Network, XRP and Hedera.

Notable Developments:

Trader Notes: Trader Altcoin Sherpa expects short-term Bitcoin bounces in the coming days but cautions against assuming a full recovery. He noted…

Read more on Benzinga