Bitcoin is holding the $66,000 level ahead of key inflation data, as liquidations stand at $251.62 million over the past 24 hours.
Bitcoin ETFs saw $410.4 million in net outflows on Thursday, while Ethereum ETFs reported $113.1 million in net outflows.
The meme coin sector rose about 3% for a second straight session, diverging from broader market weakness.
Trader Commentary:
Crypto chart analyst Ali Martinez said Bitcoin continues consolidating within a defined range, holding $64,000 as support and facing resistance near $67,000. Price action remains compressed inside this channel, with a breakout likely to dictate the next directional move.
Crypto trader Jelle noted that Bitcoin’s structure resembles the 2022 bear market. While history does not repeat exactly, he said it often rhymes — suggesting BTC could continue tracking a similar corrective pattern if weakness persists.
Analyst Cyril-DeFi said Ethereum is trading near $1,949, holding a major support band between $1,600 and $2,000, a zone that has acted as a strong base multiple time since 2024.
However, the broader structure remains bearish, marked by a series of lower highs since the $4,800 peak. A break below $1,600 could expose the $1,200-$1,400 range. For a meaningful momentum shift, ETH would need to decisively reclaim $2,500.
Altcoin Sherpa warned that Solana sits at a critical support level. A breakdown could open the door to $50, while bulls must defend the current zone to avoid an accelerated sell-off.
Data from Shibburn showed Shiba Inu’s burn rate surged 173,579.5% in a single day, fuelling speculation of a potential price spike.
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