Bitcoin Holds Firm At $64,000 While Ethereum, XRP, Dogecoin Drop 1% On Macro Risk-Off Sentiment

Bitcoin traded around $64,000 on Friday as spot ETF inflows remained positive, while crypto market sentiment stayed in the Fear zone.

Notable Statistics:

• Coinglass data shows 112,566 traders were liquidated in the past 24 hours for $438.29 million.       
• SoSoValue data shows net inflows of $79.2 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $28.04 million.
• In the past 24 hours, top gainers include DeXe, Pi and Quant.

Notable Developments:

• Bitcoin’s Next ‘Strong Run’ Depends on Breaking $65,000, Technical Analyst Says
• Grant Cardone Adds 10.5 Bitcoin From July Rental Cash Flow, Now Sits on 2,700 BTC Stash
• Tom Lee Says ‘People Are Rage Quitting at the Bottom,’ Compares Ethereum to Amazon, Nvidia, JPMorgan
• Ripple Executives Back CLARITY Act as XRP Eyes Breakout to $1.35
• ‘You Can’t Write Satire This Good’: Pro-XRP Lawyler Deaton Says Ethics Fight Could Kill CLARITY Act
• GOP Congressman Says CLARITY Act Passes Next Week: What Do Prediction Markets Say?

Trader Notes:

Crypto chart analyst Ali Martinez explained that dormant Bitcoin moved on-chain in large amounts over the past 24 hours, signaling a potential increase in volatility. Historically, spikes in old coins changing hands have often preceded major price moves in the Bitcoin market.

Trader Jelle notes that every previous Bitcoin bear market bottom formed below the 0.618 Fibonacci retracement of the prior bull cycle. While Bitcoin has now tested that key level for the first time, they argue history suggests the final bear market low may still lie ahead despite growing optimism that the bottom is already in.

Trader KillaXBT says Bitcoin must reclaim the $63,600–$63,800 resistance zone to maintain bullish momentum. Failure to break above this key area, aligned with the weekly open, could trigger a corrective move toward $61,000.

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