Bitcoin is hovering near $87,000 as a wave of new altcoin spot ETFs hits the market this week.

Notable Statistics:

Coinglass data shows 99,379 traders were liquidated in the past 24 hours for $318.05 million.       

In the past 24 hours, top gainers include Story, Kaspa, and Ethena.

Notable Developments:

Trader Notes: Crypto chart analyst Ali Martinez warned that Bitcoin may be forming a bearish flag, a pattern that, if validated, targets a potential drop toward $79,000.

Crypto trader Jelle offered a more constructive view, noting Bitcoin has started a mini uptrend characterized by higher highs and higher lows. Still, he cautions that the chart is loaded with overhead resistance…

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