Bitcoin Flat at $84K as Market Awaits Direction

Over the last 24 hours, Bitcoin’s price has remained mostly unchanged, hovering just above $84,000. Traders are watching for any event that could break the sideways trend.

The latest numbers from CoinGlass show a cooling in market pressure: only $118 million in positions were liquidated over the last day—a surprisingly low tally for mid-week crypto volatility. 

Longs and shorts are neck-and-neck: $63.4M vs. $55M. It’s a rare moment of balance in a usually one-sided market. 

• Fear and Greed Index

The tide of sentiment is turning. Now at 32, the index suggests traders are beginning to breathe easier—fear hasn’t vanished, but its grip is loosening.

• Bitcoin Dominance

Above 63%, unshaken. BTC’s supremacy remains uncontested, as altcoins struggle to shift the balance. For now, the king holds court.

Bitcoin Stalls Below $85K — Breakout Coming?

Bitcoin is currently consolidating between $83,000 and $85,000, with these levels defining the current support and resistance structure.

On the daily timeframe, BTC remains below the 200-day exponential moving average, reinforcing a bearish undertone.

A breakout beyond either boundary—accompanied by sustained price action—is necessary to signal directional clarity.

According to users on CryptoQuant, the market might be on the edge of a significant move. BTC wallets holding coins for 3 to 6 months are beginning to stir—an on-chain signal that has often preceded spikes in volatility, regardless of direction.

Long-term holders, however, remain steady, unfazed by the noise.

April 17: Bitcoin ETFs Bounce Back With $106.9M Inflow

U.S. spot Bitcoin ETFs posted a net inflow of $106.9 million, signaling renewed capital interest following prior-day outflows.

Only two funds drove the recovery:

• BlackRock’s iShares Bitcoin Trust ETF (IBIT) attracted $81 million,
• Fidelity’s Wise Origin Bitcoin Fund saw $25.9 million. 

Who’s Anchoring Bitcoin in Uncertain Waters?

Eric Balchunas, a lead analyst at Bloomberg, believes Bitcoin’s resilience is being quietly propped up by long-term ETF investors and heavyweight buyers like Strategy.

The company recently scooped up another 3,459 BTC ($285 million), bringing its total stash to 531,644 BTC—acquired at an average cost of $35.9 billion. Strategy’s conviction hasn’t wavered—and neither has its balance sheet.

For the past 15mo the ETFs and Saylor have been buying up all ‘dumps' from the tourists, FTX refugees, GBTC discounters, legal unlocks, govt confiscations and Lord knows who else. Saylor obv isn't selling and ETF investors (as I've been saying bf it was cool) are much stronger hands than most think,

Eric Balchunas observed.

Bitcoin’s 30-day volatility has settled at 1.8%—a whisper of movement in a market once known for its chaos. It’s among the quietest readings recorded in five years.

To understand the stillness:

• Even during brutal pullbacks, volatility topped out at just 2.8%.
• The last time the market truly roared? June 2021, when the index hit 5.84%. 

For Bitcoin to push higher, the market needs a reason to move—a spark from Washington, a surprise from Wall Street, or even a shock from the headlines.

Right now, we’re in the stillness that often comes before disruption. In moments like this, all eyes turn to support and resistance zones—anchors in uncertainty—and traders begin trimming risk before the tide shifts.

Read on: What Is Liquidation and How Does It Work?