Bitcoin Holding Up While Ethereum, XRP, Dogecoin Dip: 'Don't Get Distracted By Short Term Noise,' Trader Says

After a sharp rally over the past three weeks, the cryptocurrency market is entering a consolidation phase, with Bitcoin showing resilience even as Ethereum, XRP, and Dogecoin edge lower. Some analysts believe we may be seeing profit-taking after recent highs.

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 5.1% and daily active addresses falling by 1.9%. Transactions greater than $100,000 are down from 11,891 to 11,304 in a single day. Exchanges netflows are down by 91.5%.
• Coinglass data reports 170,572 traders were liquidated in the past 24 hours for $401.84 million.

Notable Developments:

• Mastercard Taps Into 100 Million Crypto Users With MoonPay Partnership
• Ethereum’s Surge Could Kick Off The 2025 ‘Altcoin Bull Market’, Experts Say
• Bitcoin Is Starting To Outperform Gold: JPMorgan
• Cardano Surges Amid New Users, ADA Futures Interest Nears $1 Billion
• Coinbase Hit By Data Breach, Refuses To Pay $20M Ransom

Top Losers":

Trader Notes: More Crypto Online predicts Bitcoin could test $105,700, aligning with the 100% Fibonacci extension, marking a critical resistance zone.

Trader Roman noted a healthy bounce in price, though he remains cautious, watching whether BTC can hold the consolidation zone into next week.

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Daan Crypto Trades highlighted that BTC is far from major liquidity zones and hasn't spent much time at these elevated levels.

With limited new position buildup post-short squeeze, key levels to watch include resistance above $106,000 and support down at $93,000, the origin of the recent move.

ShardiB2 advised traders to stay focused, saying "Bitcoin looks good—don't get distracted by short-term noise."

Crypto investor Ted Pillows believes BTC may be in the final phase of Wyckoff accumulation, showing strength above $100,000.

He also pointed to a recent $2 billion USDT mint, signaling new liquidity that could fuel a breakout toward $120,000.

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