Cryptocurrency markets are trading higher
Notable Statistics:
IntoTheBlock data shows Bitcoin and Ethereum large transactions decreased by 11.8% and 19.1%, respectively, in a single day. Daily active addresses grew 8.3% and 1.3%, respectively. Coinglass data shows 136,367 traders were liquidated in the past 24 hours for $342.09 million. SoSoValue data shows net outflows of $196.2 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $73.2 million.
Trader Notes: Glassnode data indicate that approximately 120,000 BTC were purchased during the recent bounce from $112,000 to $114,000, suggesting opportunistic accumulation. However, supply remains thin in the $110,000-$116,000 zone, indicating that more consistent buying is required to establish strong support.
Altcoin Sherpa remains focused on the $115,000 BTC zone, calling it a pivotal level. He anticipates continued chop until there’s either a decisive breakout or breakdown. In the meantime, he expects altcoins to alternate between strong and weak days.
Crypto trader Lucky highlighted Ethereum’s “serious strength,” calling the chart extremely bullish and forecasting continued momentum.
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Crypto chart analyst Ali Martinez noted that while Ethereum continues to struggle with resistance, a decisive move is likely ahead — though it’s unclear whether that will be a breakout, breakdown, or prolonged chop.
Wise Crypto believes Solana’s pullback could be short-lived. Despite a 10% weekly drop, he points to three bullish signals: exchange balances are down 10%, reducing sell pressure; Stable CME futures are showing institutional conviction; and a forming golden crossover on the daily chart.
If SOL climbs above $176, it may trigger a breakout; however, falling below $155 increases downside risk.
Cryptoinsightuk is watching XRP, expecting daily closes above $3.24 to mark a key breakout threshold, potentially leading to a strong continuation rally.
Trader Tardigrade sees Dogecoin forming a larger base, setting up for a significant bullish move. Analysts say the “larger bottom → larger pump” structure is a classic reversal signal.
Read Next:
Tom Lee: Ethereum Is Having A ‘2017 Bitcoin Moment’, Could Hit $15,000 By End Of 2025
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BTCGrayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest$51.621.08%Stock Score Locked: Want to See it?
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Reveal Full ScoreEdge RankingsMomentum92.35Price TrendShortMediumLongOverview$BTCBitcoin – United States dollar$116394.231.19%$DOGEDogecoin – United States dollar$0.21303.75%$ETHEthereum – United States dollar$3836.724.15%$SHIBShiba Inu – United States dollar$0.0000132.35%$SOLSolana – United States dollar$171.892.23%$XRPRipple – United States dollar$3.072.48%Market News and Data brought to you by Benzinga APIs
