Cryptocurrency markets are trading lower on Tuesday, with Bitcoin barely holding on to the $110,000 level.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $110,835.54 |
| Ethereum | (CRYPTO: ETH) | $4,545.28 |
| Solana | (CRYPTO: SOL) | $194.92 |
| XRP | (CRYPTO: XRP) | $2.98 |
| Dogecoin | (CRYPTO: DOGE) | $0.2169 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001240 |
Notable Statistics:
- Coinglass data shows 164,031 traders were liquidated in the past 24 hours for $768.43 million.
- SoSoValue data shows net inflows of $219 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ET'Fs saw net inflows of $443.9 million.
- In the past 24 hours, the top gainers included Cronos (CRYPTO: CRO), Sky (CRYPTO: SKY) and Hyperliquid (CRYPTO: HYPE).
Notable Developments:
- Ethereum To Hit $7,500 By End Of 2025: Standard Chartered
- Peter Thiel-Backed Crypto Exchange Snubs London Listing Amid Liquidity Concerns, Weighs Frankfurt Or New York: Report
- Bitget Maintains 188% Total Reserve Ratio In August Proof Of Reserves Report
- Trump Media And Crypto.com Form CRO Treasury Company In $105 Million Token Deal
- Bitcoin Is ‘A Hedge Against All Of Bad Governance’, Tim Draper Says
- Donald Trump Jr. Reportedly Investing Eight Figures In Polymarket
- Peter Schiff Predicts Bitcoin Could Sink To $75,000: ‘Sell Now, Buy Back Lower’
Trader Notes: Crypto chart analyst Ali Martinez highlighted that Bitcoin sentiment on social media has dropped to its lowest point since June, signaling heightened negativity across the market.
Ted Pillows marked Bitcoin's current level as a key support. A bounce here could trigger a reversal, but a breakdown risks sharper downside.
Glassnode data revealed long-term Bitcoin holders have already realized more profits this cycle than in every previous cycle except 2016–2017, indicating elevated sell pressure. Combined with other indicators, analysts suggest the market may be moving into its late-cycle phase.
Crypto trader Rager added context, noting Bitcoin's setup looks nearly identical to the September–January 4-month uptrend that ended with a swing failure pattern (SFP) and new highs before correcting and then launching another major rally in April 2025.
While the depth of the coming correction remains uncertain, it was around 30% last time, he expects September and October could see a pullback, setting up a potential massive rally into Q4 2025 and Q1 2026.
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