Bitcoin Holds $83,000 but ETH, XRP, Dogecoin Wobble Despite ETF Demand

Bitcoin slipped to $83,000 Monday, fueling debate over whether the pullback is a healthy retest of its recent breakout or mounting macro pressure catching up with crypto.

Notable Statistics:

• Coinglass data shows 143,870 traders were liquidated in the past 24 hours for $531.47 million.       
• SoSoValue data shows net inflows of $134.5 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $86.95 million.
• In the past 24 hours, top gainers include Hedera, Quant and Algorand.

Notable Developments:

Trader Notes:

Scott Melker’s podcast with Bloomberg strategist Mike McGlone, former CEO CoinRoutes Dave Weisberger and former Coinbase executive David Duong highlighted that Bitcoin is down despite spot BTC ETFs having their strongest week since October 2025.

Strong ETF buying has not translated immediately into higher prices because investors around breakeven may be taking profits.

Bitcoin reclaimed the roughly $81,000 to $82,000 average ETF investor cost basis which may become an eventual accumulation zone.

Holding the $82,800 breakout area as support would strengthen the case that the recent decline is a normal retracement.

McGlone argued Bitcoin remains vulnerable, particularly if equities undergo a meaningful correction.

Treasury yields near multi-decade highs and continued Fed tightening are increasing the opportunity cost of holding non-yielding assets.

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