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Bitcoin, Ethereum, XRP Trade Flat, Dogecoin Jumps but Analyst Rules Out 'Extreme Bear' Phase

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Publicado hace 41 minutos 1 min de lectura
Bitcoin, Ethereum, XRP Trade Flat, Dogecoin Jumps but Analyst Rules Out 'Extreme Bear' Phase

Bitcoin, Ethereum, XRP Trade Flat, Dogecoin Jumps but Analyst Rules Out 'Extreme Bear' Phase benzinga.com

Bitcoin is holding near $63,000 as spot Bitcoin ETFs snapped a five-day inflow streak, while traders remain cautious ahead of key inflation data.

Notable Statistics:

  • Coinglass data shows 78,008 traders were liquidated in the past 24 hours for $171.82 million.        
  • SoSoValue data shows net outflows of $144.7 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $14.6 million.
  • In the past 24 hours, top losers include Audiera, Virtuals Protocol and ether.fi.

Notable Developments:

Trader Notes:

Swing trader Roman Trading suggests accumulating Bitcoin at current levels to spread risk. He argues buyers could be rewarded even if the bottom is not in and that shorting carries greater risk than going long.

Trader Cantonese Cat sees Bitcoin’s bullish divergence suggests the downtrend is losing momentum, potentially limiting further downside, though it does not guarantee a trend reversal.

Trader KillaXBT argues Bitcoin may avoid an “extreme bear” phase this cycle because the preceding bull market never reached overheated or euphoric conditions.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

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Attribution

Originally reported by benzinga.com

#bitcoin#ethereum#xrp#dogecoin#crypto#markets

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