Bitcoin is holding stable around $88,000 as institutional demand continues to prefer metals over cryptocurrencies.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $88,237.22
Ethereum (CRYPTO: ETH) $2,929.87
Solana (CRYPTO: SOL) $124.53
XRP (CRYPTO: XRP) $1.91
Dogecoin (CRYPTO: DOGE) $0.1226
Shiba Inu (CRYPTO: SHIB) $0.057755

Notable Statistics:

  • Coinglass data shows 129,968 traders were liquidated in the past 24 hours for $569.98 million.       
  • In the past 24 hours, top gainers include, Pump.fun, River and Hyperliquid.

Notable Developments:

Trader Notes: Cold Blooded Shiller noted that Bitcoin’s recent attempt at a range breakout has failed, putting the broader range under its most serious pressure in nearly two years.

Despite this, price remains in consolidation, and historically, similar setups have often preceded a major directional move.

Byzantine General echoed that view, adding that after the failed breakout, Bitcoin now needs a strong push to regain momentum.

This is the first time in almost two years that the range has faced this level of stress, yet price is still holding within it, a structure that typically resolves with a significant move.

IntoTheCryptoverse founder Benjamin Cowen pointed out that in a midterm year, Bitcoin’s bull market support band has effectively flipped into a bear market resistance band, at least until price can convincingly reclaim it.

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