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Anndy Lian: Bitcoin support at $74,000 and Ethereum ETF outflows under spotlight
Anndy Lian raises questions about the future direction of major cryptocurrencies.
Lian highlights the key challenge for Bitcoin to maintain its $74,000 support level, while also pointing to Ethereum's struggle after 11 consecutive days of ETF outflows.
Crypto market cap dropped 0.62 percent to $2.54 trillion on May 27 as institutional outflows persisted, according to Anndy Lian's recent report. Earlier, he noted Bitcoin trading at $77,388.34 while overall market capitalization fell to $2.57 trillion, maintaining a high correlation with the S&P 500 at the time. Lian's recent observations come as the sector continues to react to shifting capital flows.
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