Bitcoin Reclaims $108,000, Ethereum, XRP, Dogecoin Follow As Traders Anticipate 'Strong Leg Up'

The cryptocurrency market kicked off the week on a bullish note, with Bitcoin reclaiming the $108,000 mark, buoyed by bullish investor sentiment around cryptocurrency-related initial public offerings.

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 2.4% and daily active addresses falling by 5%. Transactions greater than $100,000 are down from 7,679 to 7,327 in a single day. Exchanges netflows are up by 179.3%.
• Coinglass data reports 73,981 traders were liquidated in the past 24 hours for $214.60 million.

Notable Developments:

• Strategy Buys Another $110 Million In Bitcoin, Now Holds 582,000 BTC
• Elon Musk’s Political Party To Launch In 2025? Odds Rise On Polymarket, The Crypto Betting Market Now Partnered With X
• Ex-Goldman Executive On Circle’s 168% IPO Spike: Don’t Rush To Buy Stock As Bankers Engineer A ‘Pop’ — Cites Facebook Example
• Bitcoin Pushes To $107,000 As Pivotal Resistance Level Gets Tested Once Again

Top Gainers:

Trader Notes: Crypto Bully shared a simple, yet effective Monday trading strategy built around three key pillars:

Use the Weekly Open – A reclaim of this level can signal potential longs, while a rejection or breakdown suggests short setups.

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Mark the Weekend Range – Identify Saturday–Sunday highs and lows to define short-term boundaries.

Watch Open Interest (OI) – Entry signals often emerge when OI builds up and then flushes.

According to Santiment, Bitcoin's sharp bounce from near $100,000 back to $108,000 has sparked a retail FOMO wave, with the second-largest spike in crowd excitement seen in two weeks. Just days earlier, panic selling had dominated, but now sentiment has flipped.

Yet, in crypto's emotion-driven market, surging retail optimism is often a contrarian indicator. Historical patterns show that when retail sentiment gets euphoric, caution may be warranted.

Rekt Capital noted that $104,400 has held as weekly support for four consecutive weeks. He sees only one major weekly resistance between current levels and a potential return to price discovery mode for BTC.

Stockmoney Lizards added that Bitcoin's structure is looking increasingly bullish, highlighting ongoing short liquidations and a possible squeeze setup. "Once it fires," he said, "expect a large green candle."

Read Next: 

• Anthony Pompliano Says Bitcoin’s Endgame Is Hyper-Bitcoinization

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