The cryptocurrency market is seeing a modest pullback on Friday, with Bitcoin breaking below the $117,000 level, caused by an uptick in whale selloffs.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $116,634.79 |
| Ethereum | (CRYPTO: ETH) | $3,730.88 |
| Solana | (CRYPTO: SOL) | $181.14 |
| XRP | (CRYPTO: XRP) | $3.13 |
| Dogecoin | (CRYPTO: DOGE) | $0.2325 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001369 |
Notable Statistics:
- IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 5.8% and 5.1%, respectively. Daily active addresses decreased 6% and grew 3.5%, respectively.
- Coinglass data shows 141,129 traders were liquidated in the past 24 hours for $534.38 million.
- SoSoValue data shows net intflows of $226.6 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $231.2 million.
Trader Notes: Bitcoin is under pressure, slipping below $117,000, but traders are closely watching the $115,000 level where spot buyers are beginning to absorb sell pressure, according to crypto trader Skew.
He notes that a short squeeze may follow if BTC consolidates near $117,000 and short positions build up.
BitBull predicts Bitcoin could drop as low as $111,000–$112,000, citing a missing breakout retest after its all-time high rally.
The current correction, he says, echoes Q1's price action, where a sharp rally was followed by a cooling-off period, a setup that could lead to a strong continuation higher after the short-term dip.
Ethereum shows signs of strength with two potential bullish trajectories, according to CryptoWolf.
The conservative scenario targets $8,000, while a more aggressive path eye $13,000+.
In both cases, he expects a 20%–25% correction post-All-time high to serve as a final shakeout before ETH's explosive Q4 rally.
Solana is also in focus, with DegenHardy identifying a classic bullish setup.
Bullish divergences are forming at a key support zone, a common precursor to sharp upward movements.
He sees this as a "get ready" moment for traders aligned with his go-to strategy.
Dogecoin could be carving out a double bottom, per chart analyst Ali Martinez.
If DOGE can reclaim $0.26 as support, the pattern may confirm and fuel a breakout toward $0.46, opening the door for a significant meme coin rally.
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