Zinger Key Points
- Global cryptocurrency market capitalization is trading 0.9% lower to $2.8 trillion.
- One trader highlights key levels at $94K to $99K, while another questions whether Bitcoin can break its current downtrend.
- Our government trade tracker caught Pelosi’s 169% AI winner. Discover how to track all 535 Congress member stock trades today.
Cryptocurrency markets are rebounding from an overnight dip that saw Bitcoin go as low as $78,300.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $84,650.16 | +1.7% |
| Ethereum ETH/USD | $2,233.35 | -1.7% |
| Solana SOL/USD | $146.31 | +8.3% |
| XRP XRP/USD | $2.15 | -0.7% |
| Dogecoin DOGE/USD | $0.2013 | -0.9% |
| Shiba Inu SHIB/USD | $0.00001389 | -2.8% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 26.1%. Daily active addresses grew by 6.3%. Transactions greater than $100,000 are down from 13,305 to 12,754 in a single day. Exchanges netflows are down by 148.7%.
- Coinglass data reports 233,253 traders were liquidated in the past 24 hours for $1.01 billion.
- IntoTheBlock data shows Bitcoin's active addresses reached the highest daily level since December 2024. Spikes in on-chain activity coincides with market peaks and bottoms. This surge implies the market could be at a crucial turning point.
Notable Developments:
- Bitcoin’s 24% Correction ‘Mostly Technical’ Say Experts
- The Real Reason Why Bitcoin Is Down 14% In 7 Days (And May Go Down More)
- Bitcoin Will Still Hit $500,000 Before Trump Leaves Office, Standard Chartered Analyst Maintains
- BitVM Integration Unlocks Bitcoin’s $1.9 Trillion Liquidity Across Five Major Blockchains
- Michael Saylor Presents ‘Digital Assets Framework’ To House Committe, Pitches For US Supremacy In Bitcoin, Crypto
Top Gainers:
| Cryptocurrency | Price | Gains +/- |
| Berachain BERA/USD | $8.41 | +12.4% |
| Celsetia TIA/USD | $4.05 | +12.3% |
| Hedera HBAR/USD | $0.2151 | +10% |
Trader Notes: BTC has fallen 19% over the past week, prompting trader Altcoin Sherpa to question whether a short-term recovery is possible.
Santiment data highlights how traders consistently misjudge BTC's direction. Mentions of $70,000-$75,000 (bearish) and $90,000-$95,000 (bullish) indicate that when traders expect BTC to rise, it falls—and vice versa.
Trader Blockchainedbb points to liquidity above $107,000, with $110,000 as the next major profit-taking zone. Meanwhile, CrediBULL Crypto sees relief after BTC tagged $79,000, expecting a base to form between $74,000 (HTF demand) and $94,000-$99,000 (local supply) before a full reversal.
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