Cardano Holds $0.266-$0.272 After Leverage Flush CoinMarketCap
Source link ]]>
Major Shiba Inu Distribution Warning as Price Targets Sharp Flush to Major Support Cryptonews.net
Source link ]]>
After the Bitcoin price recovered from the flush to $63,000 over the last week, expectations are that the uptrend could continue. This has sparked predictions for the next rally and that the BTC price could move above $70,000 as a result of this. However, one analyst has thrown a wrench in this move, predicting that there could be another crash coming. This could lead to the final bottom, but suggests that much lower prices are coming first.
The Ending Diagonal That Suggests Bitcoin Is Headed Downward
EduwaveTrading posted an analysis on the TradingView website that paints a rather bearish picture for the Bitcoin price, at least in the short term. This prediction has to do with Bitcoin not reaching the previous swing low, and this could mean that there is another wave coming to help it hit that swing low.
Related Reading
As a result of the swing low not being hit, the crypto analyst suggests that Bitcoin could have dropped into an expanding ending diagonal pattern. This pattern, despite the recovery, points to another possible downward move. This move would be the start of a deeper downtrend that sends it to new yearly lows.
The swing low target here lies just above $62,000 and could be a magnet for the price at this point. If the expanding ending diagonal pattern plays out, it means there is one more flush left. Once the swing low is broken, the analyst points out that Bitcoin could drop further below $59,000 before finding support again.
Given this pattern, the crypto analyst suggests that investors may want to wait for this next flush to play out before doing anything. Only then would it be ‘safe’ to enter into Bitcoin, in order to avoid further losses.
BTC Is Still Very Bearish
Just like EduwaveTrading, another crypto analyst, Behdark, has predicted that Bitcoin will see another crash. This time around, the analyst points to the takeout on the downtrend lined the fact that the momentum has been dropping ahead, suggesting that Bitcoin is still very bearish.
Related Reading
If the sellers continue to hold strong, then the crypto analyst sees Bitcoin falling toward $61,000, which coincides with the swing low that EduwaveTrading points out. Both of these analyses together say that it’s highly likely that the BTC price sees a strong move downward before establishing enough support to continue upward again.
Featured image from Dall.E, chart from TradingView.com
Bitcoin is trading at weekly RSI levels historically seen near bear market bottoms, signaling that selling pressure may be easing. While confirmation is needed, the market is in a zone often marking late-stage capitulation. The key question: was the recent drop the final flush, or is one last shakeout still ahead?
RSI Compression Signals Downside Exhaustion
According to crypto analyst Batman, Bitcoin’s weekly RSI has fallen back into the same territory that historically marked prior bear market bottoms. This momentum zone has repeatedly appeared during late-stage capitulation phases, making it a critical signal that the market could be nearing another major turning point.
However, Batman is clear that this does not confirm the bottom is already in, stressing the importance of waiting for proper confirmation before declaring a reversal. Still, he notes that when RSI compresses to these levels on the weekly timeframe, Bitcoin has typically been much closer to a structural low than to the beginning of a fresh collapse.
Reflecting on the 2022 bear cycle, Batman points out that once RSI entered this extreme zone, price managed to print one final lower low. However, that move occurred very close to the ultimate bottom, indicating that most of the downside had already played out by the time momentum reached such depressed readings.
The analyst concludes that probabilities matter more than precision. From his perspective, when Bitcoin trades at these weekly RSI levels, it historically represents a zone where strategic accumulation becomes increasingly attractive.
Bitcoin’s Six Consecutive Weekly Lower Highs — A Rare Signal
In a recent weekly Bitcoin analysis, SuperBro pointed out that BTC has now printed six consecutive weekly lower highs, a rare structural pattern. The last time this occurred was during the COVID crash in 2020, a period marked by extreme volatility and eventual macro reversal.
Price is currently slipping beneath the 200-week EMA and the volume Point of Control (POC), though the weekly candle has not yet closed. A reclaim of the POC before the close could trigger a sharp upside reaction and signal that the breakdown attempt is losing strength.
Just below current levels sits the rising 200-week SMA, adding another layer of higher-timeframe support. RSI remains at extreme levels, suggesting that momentum is already deeply stretched. When you combine oversold conditions with six straight lower highs pressing into major support, the case for sustained downside continuation becomes less convincing.
Beyond the near-term structure, the broader megaphone formation remains intact. If that macro pattern ultimately plays out, its upper trajectory projects potential targets north of $300,000, keeping the long-term expansion thesis firmly on the table despite current compression.
]]>Dogecoin Tops Daily Gainers After $523M Flush, But Analyst Cautions The Rebound May Fade Soon Stocktwits
Source link ]]>
Bitcoin has once again fallen below a critical support zone, raising questions about whether the market is gearing up for a deeper sell-off. With selling pressure still intact, traders are now watching key levels closely to see if a final flush toward lower support is imminent.
Price Faces Another Rejection
MakroVision Research shared on X that Bitcoin has once again met strong rejection, resulting in a decisive break below several key support levels. Price has now slipped back into the range of the previous low and continues to trade beneath the critical green resistance zone between $85,200 and $86,200, highlighting that bearish pressure remains in control for now.
Related Reading
On the very short-term timeframe, there are early signs of an attempted rebound, but without a timely and sustainable reclaim of the $85,200–$86,200 zone, this move is best viewed as a technical counter-bounce rather than the start of a meaningful trend reversal. As long as the price remains capped below this area, the broader short-term downtrend remains intact.
From a tactical perspective, the $85,200–$86,200 region has become the key battlefield. A clean reclaim and hold above this zone would be the first clear indication that selling pressure is beginning to fade, potentially allowing for price stabilization and a relief rally.
If this reclaim attempt fails, the risk of continued downside acceleration increases. In that case, focus would turn to the $72,300–$75,300 range, a technically prominent support zone with historical significance. This zone may ultimately serve as a potential support and reversal region should the market experience another phase of capitulation.
CME Gap Opens: What To Expect From Bitcoin This Weekend
Crypto analyst MartyParty, in a recent Bitcoin Wyckoff Accumulation update, highlighted that a CME gap is opening, which is expected to be filled by Sunday evening. This sets the stage for potential short-term volatility, with traders closely watching key technical levels and liquidation activity.
Related Reading
Several scenarios are possible over the coming days. One possibility is the continued liquidation of remaining leveraged longs, with the lowest 25x Binance liquidation currently around $79,350, potentially completing the classic Wyckoff Spring pattern. Another scenario is a retest of secondary support at $81,800, which could act as a temporary floor for Bitcoin’s price action.
If support at $81,800 holds, Bitcoin may trade sideways or attempt to push toward the primary support level, which has now turned into resistance at $84,800. The most probable scenario suggests a move up through $84,500 toward $86,463, followed by a retest of $84,500 on Sunday night as the CME gap is filled, completing the near-term Wyckoff accumulation setup.
Featured image from Pixabay, chart from Tradingview.com
Ethereum is trading at a critical juncture as buyers continue to defend the $2,600 support zone, attempting to stabilize the price after recent volatility. While this level is keeping short-term downside in check, broader market pressure and weakening structure leave bears watching closely for a potential breakdown that could open the door to a deeper macro pullback.
$2,600 Holds As Key Support On Ethereum 6H Chart
On X, Can Özsüer highlighted that Ethereum is currently holding above the $2,600 support zone on the 6-hour chart, a level that has so far provided a solid base for price action. As long as ETH continues to defend this area and avoids a clear candle close below it, the broader structure remains constructive for a potential upside attempt.
With support intact, the analyst pointed to a recovery toward $3,050, followed by a possible move into the $3,150 region. These zones are seen as logical reaction levels where price may either consolidate or face temporary resistance if buying momentum gradually strengthens.
However, for Ethereum to unlock a more meaningful bullish continuation, Özsüer stated it must reclaim $3,350, referred to as box number two on the chart. A decisive close above this level, backed by strong volume, would open the door for higher price exploration.
If ETH fails to break through that resistance, it could cap price and trigger another wave of selling. In that case, a deeper pullback toward the $2,400–$2,100 support range becomes a real possibility. Özsüer also shared that he has already taken a long position based on the $2,600 support on the 1-hour chart and is monitoring price closely, with plans to add to the position depending on how momentum develops.
Loss Of $2,710 Targets The $2,620 Swing Low
According to crypto analyst Ardi, Ethereum is currently sitting in a make-or-break area, with $2,710 standing out as a crucial short-term support level. A clean loss of this zone would likely accelerate downside pressure, placing the $2,620 swing low firmly in focus as the next area where liquidity could be tested.
Ardi emphasized that the $2,450 region serves as the primary line of defense for the broader market structure. Holding this level would be essential to prevent a deeper structural breakdown, as a sustained move below it could push Ethereum into a far more vulnerable technical position.
Compounding the downside risk, ETH/BTC remains in a strong downtrend, highlighting Ethereum’s ongoing underperformance relative to Bitcoin. This relative weakness suggests that volatility could stay elevated in the coming sessions, making the environment increasingly unstable for ETH holders.
]]>
On Sunday, the Ethereum price retested the $3,000 mark after trading below the level for the past few days due to a volatile market environment. ETH’s price may be gradually regaining upside momentum, but other aspects are still experiencing downward pressure, such as the Open Interest (OI).
Sharp Drop In Ethereum Open Interest
In the current volatile state of the cryptocurrency landscape, the Ethereum derivatives market is signaling a key indicator. This crucial signal is coming from the ETH Open interest, which has witnessed a significant pullback in the past few months. According to the research from the advanced investment and on-chain data analytics platform Alphractal, the metric has dropped by half or 50% since August this year.
A significant drop in this metric is a clear indication that trader positioning and risk appetite have shifted notably. Following a period of high leverage and aggressive speculation, the sharp collapse indicates that positions are being unwound, exposure is being decreased, and momentum is cooling across futures markets.
Alphractal highlighted that the Ethereum open interest is valued at roughly half of what it was in August 2025, suggesting a drastic decline in market risk. Such a move points to institutions and large whale holders who have closed leveraged ETH positions. The exiting of positions by big investors shows that they are reducing exposure and speculative pressure.
ETH’s open interest has also fallen sharply on cryptocurrency exchanges. After examining the Ethereum Open Interest distribution by exchange, Alphractal unveiled a 31% decline to $7.64 billion on the world’s largest exchange, Binance.
On Gateio, open interest is at $3.72 billion, indicating a 15% decrease, while HTX (formerly known as House) has fallen by 12.65% to $3.12 million. Furthermore, Bybit has $2.53 billion with a 10.25% drop, HyperLiquid has $2.51 billion with a 10.18%, and Bitget has $1.79 billion with a 7.25% decline.
With exchanges’ open interest dropping, this tells a compelling story of the current market structure. This outlines robust deleveraging across the Ethereum market and a lower probability of explosive moves in the short term.
Typically, an atmosphere that is more cautious and protective implies stages of consolidation or preparation for the next trend leg. However, deep declines in open interest have historically frequently preceded significant structural changes, either a healthier reversal or a downward continuation with less leverage.
ETH Withdrawals From Crypto Exchanges Have Spiked
Ethereum’s open interest drop comes at a time of a massive drop in ETH supply on crypto exchanges. Currently, ETH withdrawals have reached their lowest levels since 2016, reflecting growing trader caution and dampened short-term sell pressure.
As more ETH is taken out of exchanges and placed in long-term holding locations, the liquid supply keeps decreasing. While the supply decrease bolsters ETH’s volatility, it also encourages price pressure to rise.
Featured image from iStock, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Bitcoin’s price continues to face mounting pressure as it hovers near key support levels. With sellers pushing toward the $102,000 zone, BTC is now at a moment that may mark the final washout before a major rebound. The coming days could be decisive in determining whether Bitcoin finds its footing or continues its decline.
Bitcoin Faces Pressure Below $108,000 As Bears Regain Control
Crypto analyst Crypto Candy shared insights into Bitcoin’s latest price action, noting that the flagship cryptocurrency tried to hold the $107,000–$108,000 support zone but ultimately failed to do so, closing below that level. This development signals a potential shift in market dynamics, as the $107,000–$108,000 zone may now act as a strong resistance area.
Related Reading
Crypto Candy further explained that if the downward momentum continues, Bitcoin could retrace deeper toward the $99,000–$101,000 range, an area viewed as a critical support zone where fresh buying interest might emerge. A dip into this range could also help clear out weak positions and create healthier conditions for a long-term rebound.
However, the analyst added that if Bitcoin manages to reclaim and hold above the $107,000–$108,000 zone, it would signal that bullish strength is returning to the market. Such a breakout could restore confidence among investors, paving the way for renewed upward momentum and possibly another push toward higher targets.
$102,000: The Ideal Flush Zone Before The Next Big Move
In his latest BTC daily update, Super฿ro emphasized the critical role of the $102,000 support zone, describing it as an ideal area for the market to flush out remaining leveraged long positions. This kind of shakeout is often necessary to clear weak hands and set the stage for a more sustainable bullish continuation.
Related Reading
Super฿ro further noted that once this cleanup phase concludes, Bitcoin could see a sharp rebound, primarily fueled by a short squeeze from traders caught on the wrong side of the market. As shorts begin to close their positions, buying pressure could intensify, creating a rapid upward move that reclaims lost levels.
That said, the crypto analyst has warned that a break below the $101,000 level would not be ideal, as it might signal that market weakness is deeper than anticipated. Still, he maintains confidence in the broader picture, highlighting that high-timeframe (HTF) indicators remain supportive of a potential rebound.
Presently, the price of BTC is hovering around $104,000, indicating a more than 3% decline over the last 24 hours. Meanwhile, its trading volume has picked up pace, rising by over 79% in the same time frame.
Featured image from Pixabay, chart from Tradingview.com
- The crypto market is stabilizing after a sharp correction and a massive leverage flush.
- Analysts see the move as a healthy reset, not a structural breakdown.
- While speculators were purged, institutional money continues to accumulate.
A fragile but significant calm has settled over the cryptocurrency market, as it begins the slow and painful process of healing from a brutal correction that has purged the speculative excess from the system.
Bitcoin is holding steady, a quiet resilience that analysts believe is not a sign of weakness, but of a market that has undergone a healthy and necessary reset.
As Asia begins its trading day, Bitcoin is hovering around $110,300 dollars, with Ethereum changing hands at $3,970.
This newfound stability comes after a sharp and violent sell-off that had pushed Bitcoin as low as 104,000 dollars just last week.
The great reset: A cleansing of speculative excess
The key to understanding the market’s current state is to see the recent crash not as a catastrophic failure, but as a violent and necessary cleansing. In a recent market note, the analytics firm Glassnode described the move as a “flush, not a failure.”
The firm’s analysis shows that the speculative leverage that had been driving the market has been decisively unwound, futures open interest has fallen sharply, and traders have been realizing losses in a defensive normalization, not a full-blown capitulation.
This view is echoed by other market observers who see a similar dynamic playing out in the world of capital formation.
The market maker Enflux, in a note to CoinDesk, highlighted the news of Blockchain.com’s planned US SPAC listing as a “full-circle moment” for crypto exchanges, a sign that the industry is once again re-engaging with the public markets, but this time from a position of greater maturity.
The quiet accumulators: The giants beneath the surface
While the speculative layer of the market has been flushed out, a different and far more powerful story is unfolding beneath the surface.
While retail traders were being liquidated, the institutional giants were quietly buying the dip.
Enflux pointed to Tom Lee’s Bitmine allocating another $800 million to buy more ETH as an “infrastructure-scale commitment,” a clear and powerful sign that institutional money is not just staying, but is actively accumulating.
This is the great divergence that now defines the market: the short-term speculators have been purged, while the long-term capital is quietly and methodically rebuilding the foundation.
A new harmony in a chaotic world
This reset is also reshaping the very narrative that governs the market. As Enflux noted, gold’s continued and stunning strength—surging to a new record of $4,380.89 an ounce—is no longer seen as a threat to Bitcoin, but as a complementary signal.
It shows that in a world of deep macroeconomic and geopolitical uncertainty, digital assets now coexist with traditional hedges, a sign of a broader portfolio shift toward diversification, not abandonment.
The market may be wounded, but it is also wiser, and a new, more resilient foundation is quietly being laid.