Bitcoin is attempting to stabilize near $65,000, but extreme fear and weakening technical signals suggest the market has yet to reach a traditional cycle bottom.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $64,274.47 |
| Ethereum | (CRYPTO: ETH) | $1,848.89 |
| Solana | (CRYPTO: SOL) | $78.12 |
| XRP | (CRYPTO: XRP) | $1.35 |
| Dogecoin | (CRYPTO: DOGE) | $0.09188 |
| Shiba Inu | (CRYPTO: SHIB) | $0.055919 |
Notable Statistics:
- Coinglass data shows 126,723 traders were liquidated in the past 24 hours for $358.17 million.
- SoSoValue data shows net outflows of $203.8 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $49.5 million.
- In the past 24 hours, top gainers include pippin, Decred and Ether.fi.
Notable Developments:
- ‘Major Investigation’ On Alleged Crypto Insider Trading To Be Published Thursday
- The Real Reason Why Bitcoin Can’t Even Reclaim $70,000
- Ethereum Dumps 5%: Why Is Co-Founder Vitalik Buterin Selling?
- Bitcoin Headed For Worst Month In 4 Years: ‘Either It’s Dead Or Dollar Cost Average From Here,’ Analyst Says
- ‘I Am More Concerned Than Ever About Bitcoin’s Future,’ Says Veteran Fund Manager
- Zuckerberg Tries Again: Meta To Reportedly Revive Stablecoin Until End Of 2026
- EXCLUSIVE: Coinbase’s Toni Gemayel Says The Prediction Markets Boom Is Just Starting — ‘Still 100x Or 1000x To Go’
Trader Notes: Crypto analyst The DeFi Investor said Bitcoin’s weekly relative strength index has dropped to its lowest reading on record, even below levels seen during the collapses of FTX and TerraUSD.
The extreme RSI reading underscores the intensity of the current selloff, though oversold conditions alone do not guarantee an immediate rebound.
Crypto chart analyst Ali Martinez noted that Bitcoin has historically formed major cycle bottoms when its MVRV Z-Score falls below zero. With the metric currently hovering near 1, he said the market has not yet reached classic bottom territory. That suggests further downside cannot be ruled out before a durable reversal forms.
Ted Pillows said liquidity is building in both directions. Heavy short positioning has created a sizable liquidation cluster above $65,000, which could fuel a squeeze if price breaks higher.
At the same time, long positions have not fully capitulated, leaving room for a potential dip toward $61,500 before any upside move that targets late short sellers.
Image: Shutterstock
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