Cryptocurrency markets are down on Monday after Bitcoin peaked above $105,000 in early trading hours.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $102,002.91 | -2.5% |
| Ethereum ETH/USD | $2,459.63 | -2% |
| Solana SOL/USD | $170.91 | -1% |
| XRP XRP/USD | $2.48 | -4.7% |
| Dogecoin DOGE/USD | $0.2274 | -1.9% |
| Shiba Inu SHIB/USD | $0.00001542 | -3.6% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 3% and daily active addresses falling by 7.4%. Transactions greater than $100,000 are down from 9,463 to 8,934 in a single day. Exchanges netflows are down by 388.7%.
- Coinglass data reports 178,950 traders were liquidated in the past 24 hours for $556.54 million. Bitcoin long liquidations spiked to the highest level since April 7.
- Bitcoin held by U.S. spot ETFs has climbed to 1.175 million BTC, just 6,500 BTC shy of its all-time high of 1.182 million, according to Glassnode data.
- Crypto chart analyst Ali Martinez reports Bitcoin miners having realized over $10.37 million in profits, signaling improved miner profitability.
- Sentora notes that after Bitcoin surpassed $100,000, exchange flows turned sharply negative with $550 million in BTC withdrawn on Friday alone, indicating strong accumulation by investors.
Notable Developments:
Top Gainers:
| Cryptocurrency | Price | Gains +/- |
| Dogwifhat WIF/USD | $1.11 | +23.8% |
| Four FORM/USD | $2.78 | +17.6% |
| XRP XRP/USD | $2.48 | +4.6% |
Trader Notes: Altcoin Sherpa remains bullish on Bitcoin long-term but warns of a likely pullback in the short term, though the timing and depth remain unclear.
Disclosure: 82% of retail CFD accounts lose money
Voicing a similar opinion, Sherpa advised that if anyone is looking to buy Bitcoin for long-term positions and aren’t very active, it’s probably best to wait for a dip, potentially to the low to mid $90,000s.
ShardiB2 points to $103,400 as a critical daily close level. A close above would invalidate a potential local top, but advises caution for longs at current levels, noting higher time frame signals are more reliable.
Meanwhile, Kaleo speculates whether Bitcoin is positioning itself for a massive upside scenario, potentially spiking to $520,000 in the longer term.
The Cryptomist sees Bitcoin CME gap having been filled, and the user now expects BTC to move toward $108,000. Altcoins are anticipated to follow the upward move.
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