Cryptocurrencies are down on Friday morning, with Bitcoin trading below $109,000 for the first time since the start of September.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $108,864.88 |
| Ethereum | (CRYPTO: ETH) | $3,880.82 |
| Solana | (CRYPTO: SOL) | $191.33 |
| XRP | (CRYPTO: XRP) | $2.70 |
| Dogecoin | (CRYPTO: DOGE) | $0.2223 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001155 |
Notable Statistics:
- Coinglass data shows 226,572 traders were liquidated in the past 24 hours for $970.63 million.
- SoSoValue data shows net outflows of $258.5 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $251.2 million.
Trader Notes: Crypto trader Jelle highlighted that Bitcoin is nearing its 200-day moving average cluster, a zone that has consistently acted as a mid-term bottom throughout this cycle.
Ted Pillows said BTC is consolidating above support: a bounce could lift prices toward $112,000, but failure risks a $101,000 retest.
For Ethereum, he noted a bounce from the $3,800 liquidity zone, though it must reclaim $4,060 to trigger upside momentum, otherwise risks dip to $3,600.
AltcoinGordon said that XRP's market structure looks clear, suggesting its next move appears obvious.
Zyn argued Solana may be experiencing its last major dip in Wyckoff accumulation, setting up for a Q4 rally with a $500 target this cycle.
Trader Tardigrade pointed to Dogecoin's monthly RSI strategy, emphasizing accumulation is still in play and DOGE shouldn't be sold until RSI signals the sell zone.
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