Bitcoin Hovers Near $76,800 on Tuesday as Traders Watch Monthly Close Support

According to CoinDesk, Bitcoin held near $76,800 on Tuesday, while Ethereum declined 0.1%. Traders are closely monitoring Bitcoin's monthly close price at $76,000, a key support level that analysts say could confirm bull market strength if maintained.

Derivatives markets showed signs of orderly adjustment. Spot futures notional trading volume rose from $159 billion to $201 billion, while liquidations dropped from over $600 million to $294 million. Bitcoin's volatility index remained around 40% on the lower end, and Ethereum's 30-day implied volatility hit a yearly low, indicating the recent sell-off has remained controlled rather than forced deleveraging.