Cryptocurrency markets have bounced back into the green on Tuesday, recovering from earlier losses as excitement builds ahead of the crypto summit on Friday.
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 32.8% and daily active addresses growing by 20.4%. Transactions greater than $100,000 are up from 10,965 to 13,388 in a single day. Exchanges netflows are up by 223.2%.
- Coinglass data reports 295,242 traders were liquidated in the past 24 hours for $947.63 million.
- IntoTheBlock data shows Bitcoin's last week price drop caused a surge in active addresses, pushing the daily average to its highest level since December when Bitcoin surpassed $100,000. This uptick also coincided with an increase in zero-balance addresses, indicating capitulation.
Notable Developments:
- Raoul Pal Predicts Extended Crypto Cycle Into 2026, Bitcoin, Solana Corrections Are Typical Volatility
- SEC Drops Lawsuit Against Crypto Exchange Kraken, CEO Calls It, ‘Massive Win’ — BAYC NFT Creator Yuga Labs Also Gets Reprieve
- Bybit CEO Says 77% Of Stolen $1.4 Billion Ethereum Still Traceable After Historic Hack: ‘This And The Coming Week Is Critical’
- Trump’s Cabinet Holds Bitcoin, Solana, Ethereum—But No Cardano Or XRP
- China Working Behind Closed Doors To Create Strategic Bitcoin Reserve, Says Bitcoiner Who ‘Orange Pilled’ Trump
Top Gainers:
Trader Notes: Sistine Research suggests Bitcoin is set for its final dominance pump before altseason.
More Crypto Online notes BTC has hit resistance, with micro support between $83,102 and $85,877. The key breakout level is $95,170.
Michael van de Poppe highlights Bitcoin's rejection at $95,000, now chopping after clearing liquidity on both sides. He expects consolidation this week due to macro events and the summit on Friday.
CryptoAmsterdam sees BTC looking heavy on mid-time frames after breaking down without a quick reclaim. He notes trends can shift fast but says BTC must reclaim the range low and break the trendline for momentum to improve.
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