Bitcoin starts the week around $88,000 mark as fearful market sentiment caused liquidations of $744.06 million over the past 24 hours.
Bitcoin ETFs saw $103.6 million in net outflows on Friday, while Ethereum ETFs reported $41.7 million in net outflows.
Cryptocurrency |
Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $87,856.02 |
| Ethereum | (CRYPTO: ETH) | $2,905 |
| Solana | (CRYPTO: SOL) | $122.39 |
| XRP | (CRYPTO: XRP) | $1.88 |
| Dogecoin | (CRYPTO: DOGE) | $0.1206 |
| Shiba Inu | (CRYPTO: SHIB) | $0.057636 |
Trader Commentary: Trader Timeless Being said Bitcoin is testing a critical level that now serves as the last line of defense for bulls within the current range. Holding this zone is essential to avoid a broader bull-to-bear shift.
He noted that bulls need to reclaim the $89,000–$90,000 area, with failure increasing the risk of a deeper move toward the $80,000–$75,000 range.
Michael van de Poppe said Bitcoin is showing signs of strength after a brief liquidity sweep below recent lows, which flushed long positions and triggered a rebound. He added that if commodities begin to stall, the setup could support a move back above $90,000 in the coming week.
Van de Poppe also noted that Ethereum is starting the week with a bounce against Bitcoin while sitting on a key support level. Holding this area would likely set up another leg higher for ETH relative to BTC.
Trader Koala said Solana appears positioned for a breakout, noting that while adding on strength may be difficult, any pullback into key support-resistance zones could present a buying opportunity ahead of a potential move toward $50.
Crypto Tony said XRP reclaiming $1.89 would signal a strong long setup, opening the door to higher upside targets.
The meme coin sector declined 2.9% to a market capitalization of $43.2 billion, broadly tracking market weakness.
Ali Martinez added that Dogecoin is showing technical signs of a triangle breakout, which could set up a roughly 7% move if confirmed.
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