Bitcoin is holding on to $73,000 amid strong institutional demand as liquidations stand at $472.88 million over the past 24 hours.  

Bitcoin ETFs saw $155.2 million in net inflows on Wednesday, while Ethereum ETFs reported $130 million in net inflows.  

The meme coin sector also rose 0.9% to $32.8 billion.

Trader Commentary: Trader Jelle noted that Bitcoin is still following a structure like the 2022 bear market pattern. If that analogy holds, the market could see one more downward move before a sustained recovery.

Degen Hardy believes Bitcoin invalidated a bear pennant but may now be forming a bear flag. He still views the overall structure cautiously and wants stronger confirmation…

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