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Cryptocurrency markets are trading lower on Monday, with analysts fearing a further slide in prices.
|
Cryptocurrency |
Ticker |
Price |
|
Bitcoin |
(CRYPTO: BTC) |
$116,355.23 |
|
Ethereum |
(CRYPTO: ETH) |
$4,369.60 |
|
Solana |
(CRYPTO: SOL) |
$183.81 |
|
XRP |
(CRYPTO: XRP) |
$3.07 |
|
Dogecoin |
(CRYPTO: DOGE) |
$0.2239 |
|
Shiba Inu |
(CRYPTO: SHIB) |
$0.00001275 |
Notable Statistics:
-
Coinglass data shows 124,371 traders were liquidated in the past 24 hours for $530.47 million.
-
SoSoValue data shows net outflows of $14.1 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $59.3 million.
-
The top losers in the past 24 hours include Pump.fun (CRYPTO: PUMP), Sky (CRYPTO: SKY) and Virtuals Protocol (CRYPTO: VIRTUAL).
Notable Developments:
Trader Notes: Bob Loukas highlighted that Bitcoin failed to break its all-time highs late in the weekly cycle, likely peaking around Week 18.
However, a swift recovery could still alter that outcome.
Despite the short-term setback, the broader four-year cycle remains bullish, with upside surprises still possible.
Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — and you can too at just $2.90/share.
Meanwhile, altcoins are showing strength as Bitcoin dominance declines, signaling typical late-stage cycle behavior.
More Crypto Online noted that Bitcoin’s focus remains on whether wave 2 has completed.
While it’s too early to confirm, a decisive break above the yellow trendline would serve as the first indication that wave 2 may have bottomed.
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Daan Crypto Trades observed that Bitcoin recently retested the 0.786 Fibonacci retracement level, historically a strong reaction point in this cycle.
