Bitcoin Slips Below $84,000 as Ethereum Holds $2,600, XRP and Dogecoin Rise on Rate-Hike Fears

Bitcoin (CRYPTO: BTC) struggled to reclaim $84,000 as the broader crypto market remained cautious during renewed concerns over interest-rate hikes.

Notable Statistics

• Coinglass data shows 79,553 traders were liquidated in the past 24 hours for $278.63 million.       
• SoSoValue data shows net inflows of $190.7 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $66.01 million.
• In the past 24 hours, top gainers include Quant, Ethena and Aerodrome Finance.

Notable Developments

Trader Notes

Cryptoinsightuk noted that Bitcoin’s 2.3% pullback came with a much sharper 7.3%–9.15% drop in open interest, signaling a significant leverage flush.

Rising spot volume near $83,200 suggests buyers are defending the level, making it key near-term support.

If Bitcoin holds the $83,000–$77,000 support zone while short-term indicators reset, he sees scope for a move toward $93,500–$100,000, Kevin Capital said.

He expects that rally could be followed by a 10%–20% correction that establishes a macro higher low.

Trader exitpump highlighted that a persistent wall of sell orders around $85,000 on Binance has repeatedly capped Bitcoin. Continued consolidation below that level while altcoins rally could signal apre-dump setup and another potential flush.

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