Bitcoin (CRYPTO: BTC) is struggling around the $111,000 range, with sentiment dropping into the fear zone again.
Notable Statistics:
Coinglass data shows 155,884 traders were liquidated in the past 24 hours for $413.18 million. The CoinMarketCap Fear and Greed Index slipped from 42 (Neutral zone) to 37 (Fear zone) in two days. In the past 24 hours, top losers include Plasma (CRYPTO: XPL), Dash (CRYPTO: DASH) and MYX Finance (CRYPTO: MYX).
Notable Developments:
Coinbase Boosts Stake In Indian Crypto Exchange CoinDCX, Values Company At Nearly $2.5 Billion Bitfarms’ $300M AI Pivot Sparks ETF Rethink: Can Blockchain Funds Handle The AI Boom? Bitcoin, Ethereum Crash Was A Blip, Not A Fundamental Shift, Bitwise’s Matt Hougan Says NYC Mayor Eric Adams Creates America’s First-Ever Municipal Office For Crypto And Blockchain Bitcoin Reserves Held By US Could Swell To $36 Billion As DOJ Files Largest Ever Forfeiture Linked To Cambodian ‘Pig Butchering’ Scams
Trader Notes: Crypto trader IncomeSharks highlighted that he’s preparing for Bitcoin’s potential downside while still expecting a rally.
The current setup resembles a previous pattern, though the major sell-off may already be behind us.
Further declines would primarily affect leveraged traders rather than spot holders.
Ted Pillows noted that Bitcoin’s long-term structure remains bullish. Staying above $102,000 is key to maintaining the bull run, while a monthly close below this level would raise concerns.
The Cryptomist remains optimistic about a push toward weekly high. The bullish falling wedge pattern appears intact, and a breakout could take BTC toward $116,000, with altcoins likely retesting their weekly highs.
Read Next:
Tom Lee Stays Bullish: Bitcoin To $250,000, Ethereum To $10,000 In 2025
Image: Shutterstock
$BTCBitcoin – United States dollar$111377.70-1.49%Overview$DASHDash – United States dollar$47.424.74%$DOGEDogecoin – United States dollar$0.1990-2.69%$ETHEthereum – United States dollar$4000.80-3.06%$SHIBShiba Inu – United States dollar$0.000010-2.98%$SOLSolana – United States dollar$197.25-2.62%$XRPRipple – United States dollar$2.43-2.82%Market News and Data brought to you by Benzinga APIs
