Bitcoin, Ethereum, XRP, Dogecoin Enter Weekend Strong: 'Long Dips, $140,000 Is Programmed,' Trader Says

Cryptocurrency markets are heading into the weekend with bullish momentum, supported by rising institutional inflows, favorable regulatory signals and surging ETF demand.

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 3.8% and daily active addresses growing by 1.2%. Transactions greater than $100,000 are up from 10,628 to 14,818 in a single day. Exchanges netflows are down by 129.9%.
• Coinglass data reports 250,199 traders were liquidated in the last 24 hours for $1.04 billion.
• CoinBureau cited CryptoQuant data saying whale accumulation is not slowing down, with crypto whales boosting holdings to around $3.7 billion in the last 30 days.

Notable Developments:

• Coinbase Launches 24/7 Bitcoin, Ethereum Futures Trading: What Does That Mean?
• Coinbase Analysts Look Ahead To Q2 After Disappointing Q1: ‘Higher Crypto Prices… Increased Volumes’
• Mark Cuban Slams Memecoins, Says They Set A ‘Bad Example’ For New Crypto Investors
• Celsius Founder Alex Mashinsky Gets 12-Year Prison Sentence For Securities and Commodities Fraud
• Coinbase CEO Brian Armstrong Believes Traditional Banks Launching Own Stablecoins ‘Not Necessarily The Best’ Path— Pitches USDC As Option
• Treasury Secretary Criticizes Senate For Failing To Advance Stablecoin Bill
• MARA Holdings’ Q1 Results Fail To Excite, Yet Bitcoin Touching $103K Could Turn Losses To Gains

Top Gainers:

Trader Notes: Crypto trader Jelle warns against entering long positions on Bitcoin at current levels, citing the potential for "scammy price action" designed to trap late entries and fake breakout traders.

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Instead, he urges patience, suggesting that buying the dips remains the smarter strategy. Jelle maintains a bullish target of $140,000 for BTC.

ShardiB2 points to a 1-hour reversal candle, indicating potential near-term turbulence.

Stockmoney Lizards agrees, noting Bitcoin's strong recent pump but warning of a possible short-term shakeout, likely in the form of a sharp wick, to flush out over-leveraged longs before resuming its upward move.

Meanwhile, Kevin Svenson of Blofin highlights Bitcoin's 4-hour chart following a measured move pattern, suggesting a potential pullback to $100,000 for a re-test before pushing toward $114,000.

Lastly, Crypto Yoddha remains firmly bullish, predicting Bitcoin will catch bears off guard in the coming months. Though he notes the exact top is uncertain, his personal target range sits between $140,000 and $150,000.

Read Next: 

• Bitcoin Hits $103,400 As States Embrace BTC Reserves

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