Cryptocurrency markets opened are down heavily to start the week, following over $1 billion in liquidations overnight.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $112,586.72 |
| Ethereum | (CRYPTO: ETH) | $4,154.46 |
| Solana | (CRYPTO: SOL) | $219.01 |
| XRP | (CRYPTO: XRP) | $2.83 |
| Dogecoin | (CRYPTO: DOGE) | $0.2378 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001206 |
Notable Statistics:
- Coinglass data shows 406,492 traders were liquidated in the past 24 hours for $1.71 billion. Long liquidations accounted for $1.61 billion.
- SoSoValue data shows net inflows of $222.6 million into spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $47.8 million.
- In the past 24 hours, top losers include Pi (CRYPTO: PI), World Liberty Financial (CRYPTO: WLFI) and Conflux (CRYPTO: CFUX).
Notable Developments:
- Strategy, Metaplanet Report New Bitcoin Purchases As BTC Slides To $113,000
- XRP Tumbles 4% But One Launch Provides Bulls With Hope
- Five Coins, One ETF: Grayscale Bets On A Broader Crypto Future
- DeFi Development Strikes ZeroStack Deal To Drive Solana Into Decentralized AI
- Toyota, BYD, Yamaha Dealerships Are Accepting This Crypto In Bolivia As Inflation Touches 40-Year Highs
Trader Notes: Altcoin Sherpa highlighted that higher time frames for Bitcoin are still not bearish. While short-term sentiment has turned negative, a single strong bullish candle could quickly reverse the downtrend.
Michael van de Poppe anticipates Bitcoin may soon reach a short-term low, followed by a 1–2-week corrective period before resuming upward momentum.
Crypto Tony outlined a similar short-term outlook: a minor pump, then a dip, before a larger upward move is expected.
Ted Pillows noted that Bitcoin started the week with another drop and isn't showing immediate bottoming signs. He emphasized the market is closely watching equities, as weakness there could prolong Bitcoin's decline.
Read Next:
Image: Shutterstock
