Cryptocurrency markets are trading lower on Monday, despite Ethereum making a new all-time high on Sunday.
Notable Statistics:
- Coinglass data shows 166,734 traders were liquidated in the past 24 hours for $839.78 million.
- SoSoValue data shows net outflows of $23.2 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ET'Fs saw net inflows of $341.2 million.
Trader Notes: Altcoin Sherpa flagged Bitcoin's struggle to hold its range, warning that a breakdown of the range low on higher timeframes would prompt him to exit all trades.
More Crypto Online said Bitcoin broke below Friday's low during the recent sell-off, with no clear recovery yet.
Prices bounced but are already retesting lows, leaving the New York session pivotal for whether a B-wave rally can take shape.
Resistance stands at $116,022–$121,388, though BTC remains in a broader correction.
Pentoshi sees Solana finding short-term relief after weeks of pressure, likely moving toward ~$250, though he doubts new highs versus Ethereum this cycle.
CrediBULL Crypto pegged XRP's next target between $3.60–$4 at range highs, planning to take profits on scalp/swing longs there, while holding spot until double-digit levels.
Crypto chart analyst Ali Martinez forecasted one last dip before meme coins see a breakout.
Crypto trader Jelle highlighted Ethereum's breakout through major resistance, noting a bullish megaphone pattern pointing to a $10,000 target.
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