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Bitcoin Holds $79,000 as Ethereum, XRP, Dogecoin Trade Sideways
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Bitcoin traded relatively flat on Tuesday as traders moved to lock in profits.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $78,916
Ethereum (CRYPTO: ETH) $2,462
Solana (CRYPTO: SOL) $98.05
XRP (CRYPTO: XRP) $1.47
Dogecoin (CRYPTO: DOGE) $0.08868
Shiba Inu (CRYPTO: SHIB) $0.055447

Notable Statistics:

  • Coinglass data shows 78,712 traders were liquidated in the past 24 hours for $532.43 million.       
  • SoSoValue data shows net inflows of $337.6 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $115.6 million.
  • In the past 24 hours, top losers include Official Trump, Pump.fun and Ether.fi.

Notable Developments:

Trader Notes:

Trader Jelle highlighted that Bitcoin is approaching the critical $83,000 region, where heavy resistance remains. A sustained break above that level would flip market structure back to bullish.

CryptosBatman sees Bitcoin is caught between a liquidity wall above $80,000 and strong bids around $77,000 to $78,000. The next move could depend on which liquidity zone gets swept first.

Trader exitpump explained that a tactical Bitcoin short near $80,000 could make sense as price retests a key VWAP for the first time since the downtrend began.

However, he expects any downside to remain above $70,000, arguing the bottom is already in and pullbacks should be aggressively bought.

Image: Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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