Bitcoin: ETFs and Saylor Block $22000 Level

Bitcoin sits at $60265.16 because Michael Saylor and spot ETFs soaked up 1.24 million BTC dumped by OG whales over the past two years, according to CryptoQuant CEO Ki Young Ju via Cointelegraph.

Technical Confluence: Price hugs the lower Bollinger Band support at $59995.29 while the 50-EMA at $68358.97 and 200-EMA at $74193.62 act as overhead resistance, the MACD death cross at -2498.67 keeps the structure bearish and the RSI at 20.78 signals oversold exhaustion that often precedes a relief bounce before any deeper retest of prior lows.