Bitcoin, Ethereum, Dogecoin End The Week Lower: 'Don't Get Shaken Out,' Trader Cautions

Cryptocurrency markets are trading lower despite strong ETF inflows.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$69,286.96	-1.5%
Ethereum (CRYPTO: ETH)	$2,512.05	-0.3%
Solana (CRYPTO: SOL)	$165.84	-1.9%
Dogecoin (CRYPTO: DOGE)	$0.1606	-0.7%
Shiba Inu (CRYPTO: SHIB)	$0.00001743	-2.4%

Notable Statistics:

IntoTheBlock data shows large transaction volume decreasing by 9.7% and daily active addresses marginally higher by 0.7%. Transactions greater than $100,000 are down from 11,191 to 10,285 in a single day. Exchanges netflows are down by 75%.
Coinglass data reports 80,297 traders were liquidated in the past 24 hours for $277.81 million.
Rekt Capital noted Bitcoin dominance at a historic monthly close. He added the last time BTC dominance closed like this in a macro uptrend was in early 2019.
Crypto chart analyst Ali Martinez highlighted Bitcoin ETFs inflows topping $520 million, the highest since their launch.

Notable Developments:

Top Losers:

Cryptocurrency	Price	Gains +/-
Immutable (CRYPTO: IMX)	$1.13	-13.2%
Pyth Network (CRYPTO: PYTH)	$0.3651	-6.2%
Celestia (CRYPTO: TIA)	$4.54	-5.5%

Trader Notes: With Bitcoin prices dropping below the $70,000 mark, crypto trader Jelle cautions not to get shaken out.

Another crypto trader, Javon Marks, sees Bitcoin having confirmed another post-halving bull signal for the fourth consecutive time. The trader added that each of these prior confirmations have led to monumental runs for the crypto king and the cryptocurrency markets.

He concluded, "Another one of these SIGNIFICANT post-halving runs could be upon us."

Another trader predicted $80,000 after the election.

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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