Zinger Key Points
- Global cryptocurrency market capitalization is trading lower amid rising long liquidations.
- One trader noted that $92,500 as the key close to hold to mark that was the bottom, while another sees $170,000 as a reasonable target.
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Cryptocurrency markets reversed a weak start to the week on news that Donald Trump reportedly plans signing sseveral crypto-related executive orders on his first day in office.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $94,357 | -0.1% |
| Ethereum ETH/USD | $3,117 | -4.5% |
| Solana SOL/USD | $181.90 | -3.3% |
| XRP XRP/USD | $2.54 | +0.9% |
| Dogecoin DOGE/USD | $0.3358 | -0.0% |
| Shiba Inu SHIB/USD | $0.00002108 | -2.2% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 9.2% and daily active addresses up by 6.4%. Transactions greater than $100,000 are down from 7,112 to 6,648 in a single day. Exchanges netflows are down by 147.8%.
- Coinglass data reports 273,610 traders were liquidated in the past 24 hours for $764.74 million. Long liquidations of $587.9 million came in at a three-week high.
- Crypto chart analyst Ali Martinez noted Bitcoin network activity having fallen to its lowest level since November 2024, with just 667,100 active addresses.
- In another tweet, he sees number of large transactions on the Bitcoin network has decreased by 51.64% over the past month, dropping from 33,450 to 16,180.
Notable Developments:
- Tether To Relocate Headquarters To El Salvador
- Bitcoin’s 2024 Revolution: ETPs Double Crypto Market Cap, Big Winners Emerge
- Jamie Dimon Says He’s Not Against Blockchains But Trades Guns On Bitcoin Again—It Has No Intrinsic Value: ‘I Just Don’t Feel Great About…’
- Donald Trump Jr. Joins Kalshi Prediction Market As Strategic Advisor
- MicroStrategy Acquires 2,530 Bitcoin For $243M, Reaching 450,000 BTC In Total Holdings
Top Losers:
| Cryptocurrency | Price | Gains +/- |
| DeXe DEXE/USD | $13.57 | -16% |
| Ethena ENA/USD | $0.7651 | -14.5% |
| Bitcoin SV BSV/USD | $51.36 | -12.1% |
Trader Notes: With Bitcoin prices dropping, crypto trader Jelle suggested it could be a "Red Monday, green week."
In another tweet, he highlighted that Bitcoin's daily candle is shaping up well, noting that a close above $92,500 would increase the likelihood of marking a bottom.
Crypto trader Rekt Capital emphasized the importance of a daily close above ~$91,000 to sustain the $91,000-$101,000 range and preserve the early-stage higher low on the RSI.
Meanwhile, crypto trader Seth views $170,000 as a conservative Bitcoin top target within a broader $150,000-$300,000 range.
This aligns with historical bull cycles where Bitcoin often overshoots expectations, depending on liquidity influx.
Seth added that if $170,000 is treated as a baseline, there's potential for further upside driven by macro conditions, institutional adoption, or retail FOMO.
Key factors like halving effects and global liquidity will play a major role in determining how realistic this target is.
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