Bitcoin slipped below $65,000 on Monday as traders positioned ahead of Federal Reserve policy decision Wednesday.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $64,729.37 |
| Ethereum | (CRYPTO: ETH) | $1,930.74 |
| Solana | (CRYPTO: SOL) | $75.33 |
| XRP | (CRYPTO: XRP) | $1.08 |
| Dogecoin | (CRYPTO: DOGE) | $0.07159 |
| Shiba Inu | (CRYPTO: SHIB) | $0.055033 |
Notable Statistics:
- Coinglass data shows 118,449 traders were liquidated in the past 24 hours for $437.94 million.
- SoSoValue data shows net outflows of $240.08 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $70.6 million.
- In the past 24 hours, top gainers include Pump.fun, LayerZero and Aerodrome Finance.
Notable Developments:
- Bitcoin, Ethereum’s Turn? ‘The AI Trade’s Over,’ Prominent Macro Expert Says
- MSTR Target Price Remains $570, Benchmark Equity Research Writes: Why So Bullish?
- Tom Lee’s Bitmine Buys 9,946 ETH as ETH/BTC Ratio Hits 3-Month High
- ‘I Am Ready for $4,000’: Analyst Bets Big on Ethereum Over Bitcoin for the First Time
- Strategy Raises $544M, Skips Bitcoin Buys for Fifth Straight Week: What’s Happening?
Trader Notes:
Technical analyst Lennaert Snyder says Bitcoin’s weekend rally is retracing as expected after rejecting the $65,800 level, leaving liquidity above those highs as a likely future upside target.
He is watching three potential long-entry zones, with the first around $63,500.
The preferred accumulation area remains around $60,000, while $59,000 is viewed as the extreme range low potentially offering the best risk-reward if buyers step in.
Snyder also cautioned traders to account for potential volatility ahead of this week’s FOMC meeting.
Trader KillaXBT argues that today’s calls for $50,000–$40,000 Bitcoin mirror the 2022 market, when many investors waited for $10,000–$12,000 after Bitcoin had already bottomed near $16,000.
He contends that buying at $16,000, $20,000, or even $25,000 all proved profitable, with those willing to enter early ultimately rewarded.
Applying the same logic now, being early may look wrong for a few months. However, he remains confident Bitcoin will exceed $160,000 this cycle and long-term gains will outweigh the timing of the entry.
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