Bitcoin, Ethereum, XRP Hold Steady While Dogecoin Slips — Traders Eye ‘Best Buying Opportunity’

Bitcoin is hovering near the $68,000 level, with no clear macro or structural catalyst driving the broader crypto market.

Notable Statistics:

• Coinglass data shows 93,334 traders were liquidated in the past 24 hours for $249.32 million.
• SoSoValue data shows net inflows of $15.2 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $10.3 million.
• In the past 24 hours, top gainers include Stable, MemeCore, and Nexo.

Notable Developments:

• XRP Gains Strength Against Bitcoin As Liquidity Expands — Is A Bigger Move Ahead?
• Tom Lee Forecasts End Of Crypto Winter By This Month, Says Bitcoin, Ethereum May Find Support At These Levels
• Brian Armstrong Reveals Retail Users ‘Buying The Dip’ In Bitcoin, Ethereum: Coinbase CEO Says, ‘They Have Diamond Hands’
• Dogecoin, Shiba Inu Jump 9% As Price Tests Key Resistance Levels – What’s Next?

Trader Notes: CryptoQuant analyst Maartunn noted that major Bitcoin bottoms do not form instantly due to significant overhead supply.

Approximately 9.31 million BTC, about 46% of total supply, is currently held above the market price. Many of those holders are likely waiting to sell at breakeven or modest profit levels.

Before a sustainable bottom can form, that supply must be absorbed and redistributed to stronger hands, a process that historically takes time and consolidation.

Technical analyst CryptoCon said Bitcoin’s last major move tapped “Level 2” on the Magic Bands around $65,000, aligning with prior cycle structures. The previous Level 2 dates include – Feb. 26, 2014, Feb. 3, 2018, Jan. 23, 2022, and Feb. 7, 2026.

According to data, the historically accurate cycle bottom band currently sits near $28,200 and is gradually rising, implying that patience may still be required before a definitive long-term bottom is established.

Trader CryptoKaleo suggested that the current market conditions may represent the strongest buying opportunity since early 2020. He cautioned that attempting to wait for one final dip could result in missing the move entirely.

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