Bitcoin, Ethereum, XRP, Dogecoin Spike 3% As Oil Reverses Gains

Bitcoin tapped $69,000 on Monday, following a week of positive crypto asset inflows despite geopolitical turmoil.

Notable Statistics:

• Coinglass data shows 95,151 traders were liquidated in the past 24 hours for $416.72 million.
• SoSoValue data shows net outflows of $348.8 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $82.9 million.
• In the past 24 hours, top gainers include DeXe, Hyperliquid and Zcash.

Notable Developments:

• Bitcoin Rejects Key Level Exactly As Predicted: ‘Simulation Confirmed,’ Says Analyst
• Bitcoin Is Down 50% Because Of AI, Geopolitical Turmoil, Arthur Hayes Says
• Crypto Sees $619M Inflows During Iran Crisis As Bitcoin Wins, XRP Loses
• Tom Lee Predicts Ethereum To Bottom This Week As BitMine Buys 60,976 ETH
• Tim Draper Says Bitcoin Safer Than Dollars Because Quantum Will Hack Banks Before It Can ‘Touch’ The Blockchain
• Tokenized, NVDA And TSLA On Nasdaq? Coming 2027 In Partnership With Kraken: Report
• Strategy Begins ‘Second Century’ With Massive $1.28 Billion Bitcoin Buy

Trader Notes: Trader Jelle’s said Bitcoin bear markets have historically bottomed below the 0.618 Fibonacci retracement level, which currently sits near $58,000.

Based on that pattern, Jelle said he plans to wait for Bitcoin to fall below that level before beginning to accumulate again.

While previous cycles have sometimes fallen as deep as the 0.786 retracement level, he noted that each cycle has typically bottomed slightly higher than the one before, making such a deep correction less likely this time.

Crypto Tony said Bitcoin is currently holding a key support level that was previously identified during the market’s recent pullback.

If that support continues to hold, he said a move toward the $70,000 level could be a realistic near-term upside target.

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