Bitcoin fund entry surpasses $471 million pushing the price to 70,000

US Bitcoin spot ETFs attracted $471 million on Monday, recording their strongest daily inflows since February 25, which helped push the price… Bitcoin To get back to the $70,000 level.

This reflects a renewed demand for institutions even as they continue to focus on financial risk. Traders are increasingly optimistic about the high volatility in the middle of the second quarter, as markets consider interest rate stabilization and the possibility of easing tensions in the Middle East.

As capital returns to the crypto market, some investors are turning to projects that develop blockchain solutions. Among these projects, networks stand out LiquidChain (LIQUID)a layer 3 network that focuses on high-speed trading and demanding applications.

He spent money Bitcoin It has been hovering between the levels of $65,000 and $68,000 for several weeks, but recent developments indicate a change in market sentiment. The level of $ 70,000, which was previously seen as a psychological barrier, began to look like a support zone, when the volume of 24-hour trading increased by 35% to $ 52 billion.

Analysts continue to talk about the possibility of a supply squeeze as ETF providers absorb Bitcoin faster than new coins are mined. And he announced Michael van de Poppefounder of MN Consultancy, said that Bitcoin is showing strength and that the market may enter a new expansion phase.

https://twitter.com/CryptoMichNL/status/204122794227395017641227942273950176

Chain data also supported this positive hypothesis; to Restoring the Cumulative Value Days Destroyed (CVDD) indicator. More recently, the indicator is often interpreted as evidence that long-term holders have finished distributing and that the stock price has begun to form.

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At the same time, the Bollinger Bands indicators on the daily chart have reached their strongest levels in years, indicating unstoppable pressure. Historically, such trends have been preceded by moves of 40% or more, prompting traders to focus on the potential for sharp price declines rather than continuing sideways trades.

Why do scalability projects attract attention?

While you are still living Bitcoin As an important starting point in the market, high risk also benefits projects related to network traffic and operational speed. This era established Layer 3 protocols such as LiquidChain (LIQUID) Under the radar of investors.

It’s working LiquidChain company’s opinion We are building a Layer 3 network on top of existing Layer 2 systems, focusing on DeFi and gaming use cases. The project aims to connect the Bitcoin, Ethereum, and Solana networks into a unified platform that includes the three largest blockchain assets.

According to the project, its construction uses technology Changes in the price of ZK Providing block confirmation times of less than one second and almost zero gas fees, it relies on the security of the underlying network. This architecture is designed to support advanced applications that are difficult to manage in traditional networks.

The code is generated LIQUID For gas fees, regulation, and environmental conservation. And remember LiquidChain company’s opinion Early adopters can already find savings and rewards of up to 42% annually, as interest grows ahead of the mainnet launch expected later this quarter. The service also showed that their area has grown by 50% in the last month.

Earnings and savings in LiquidChain

Users who are interested in the project can visit An online database of LiquidChain historyConnect to a supportive crypto wallet, and check out the available documentation and community support.

The platform explains that it supports multiple wallets and provides bridges for transfers from major Layer 2 networks. It also directs users to the app The Best WalletAvailable through my store Apple App Store and Google Playintegrated resources for natural tokens including LIQUID.

After receiving the tokens, users can participate in the startup, which the project currently shows an annual return of up to 42%.

Updates, users can Follow LiquidChain on the X platform And joining Official Telegram group.

Go to LiquidChain.