🔎 Today’s Daily Sift: Crypto/Blockchain Crypto is trying to recover, but the real story is liquidity. Bitcoin rebounded after briefly breaking below the critical $60K level, reclaiming the low $60Ks and triggering a wave of short liquidations. The move relieved immediate downside pressure, but the broader market still lacks strong institutional demand. Macro The biggest challenge for crypto today is competition for capital. AI stocks, major IPOs, and high growth tech continue attracting speculative money that previously flowed into digital assets. Crypto is no longer the default destination for risk capital. Price Action Bitcoin is trading around $63K to $64K after a sharp rebound. Ethereum remains under pressure near $1,680, still struggling to reclaim key psychological levels. More than $320 million in short positions were liquidated during Bitcoin’s rapid recovery, highlighting how crowded bearish positioning had become. Market Structure Spot Bitcoin ETFs continue to ex...