• bitcoinBitcoin (BTC) $ 97,104.00
  • ethereumEthereum (ETH) $ 2,697.94
  • xrpXRP (XRP) $ 2.74
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 677.42
  • solanaSolana (SOL) $ 190.70
  • usd-coinUSDC (USDC) $ 0.999899
  • dogecoinDogecoin (DOGE) $ 0.267321
  • cardanoCardano (ADA) $ 0.775404
  • staked-etherLido Staked Ether (STETH) $ 2,696.83
  • tronTRON (TRX) $ 0.243113
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 96,925.00
  • chainlinkChainlink (LINK) $ 19.07
  • wrapped-stethWrapped stETH (WSTETH) $ 3,216.97
  • stellarStellar (XLM) $ 0.344245
  • avalanche-2Avalanche (AVAX) $ 25.17
  • suiSui (SUI) $ 3.33
  • ugold-incUGOLD Inc. (UGOLD) $ 3,039.62
  • litecoinLitecoin (LTC) $ 126.61
  • the-open-networkToncoin (TON) $ 3.79
  • shiba-inuShiba Inu (SHIB) $ 0.000016
  • hedera-hashgraphHedera (HBAR) $ 0.223436
  • leo-tokenLEO Token (LEO) $ 9.73
  • hyperliquidHyperliquid (HYPE) $ 26.51
  • usdsUSDS (USDS) $ 0.999985
  • wethWETH (WETH) $ 2,699.47
  • polkadotPolkadot (DOT) $ 4.93
  • mantra-daoMANTRA (OM) $ 7.47
  • bitcoin-cashBitcoin Cash (BCH) $ 329.93
  • bitget-tokenBitget Token (BGB) $ 5.03
  • ethena-usdeEthena USDe (USDE) $ 0.999531
  • uniswapUniswap (UNI) $ 9.73
  • murasakiMurasaki (MURA) $ 4.23
  • wrapped-eethWrapped eETH (WEETH) $ 2,859.09
  • moneroMonero (XMR) $ 233.78
  • pepePepe (PEPE) $ 0.000010
  • nearNEAR Protocol (NEAR) $ 3.51
  • ondo-financeOndo (ONDO) $ 1.29
  • whitebitWhiteBIT Coin (WBT) $ 27.14
  • aaveAave (AAVE) $ 257.66
  • official-trumpOfficial Trump (TRUMP) $ 18.75
  • daiDai (DAI) $ 0.999737
  • aptosAptos (APT) $ 5.90
  • mantleMantle (MNT) $ 1.03
  • internet-computerInternet Computer (ICP) $ 7.02
  • susdssUSDS (SUSDS) $ 1.04
  • okbOKB (OKB) $ 51.84
  • ethereum-classicEthereum Classic (ETC) $ 20.58
  • bittensorBittensor (TAO) $ 364.16
  • gatechain-tokenGate (GT) $ 23.27
  • kaspaKaspa (KAS) $ 0.109785
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.328954
  • vechainVeChain (VET) $ 0.033377
  • tokenize-xchangeTokenize Xchange (TKX) $ 31.88
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,053.00
  • crypto-com-chainCronos (CRO) $ 0.087802
  • render-tokenRender (RENDER) $ 4.55
  • algorandAlgorand (ALGO) $ 0.276703
  • jupiter-exchange-solanaJupiter (JUP) $ 0.880063
  • filecoinFilecoin (FIL) $ 3.43
  • cosmosCosmos Hub (ATOM) $ 4.83
  • arbitrumArbitrum (ARB) $ 0.483062
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999058
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.790853
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,283.00
  • fasttokenFasttoken (FTN) $ 3.94
  • lido-daoLido DAO (LDO) $ 1.85
  • sonic-3Sonic (prev. FTM) (S) $ 0.521224
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,697.94
  • celestiaCelestia (TIA) $ 3.05
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,797.95
  • optimismOptimism (OP) $ 1.14
  • binance-staked-solBinance Staked SOL (BNSOL) $ 197.19
  • xdce-crowd-saleXDC Network (XDC) $ 0.097622
  • kucoin-sharesKuCoin (KCS) $ 12.25
  • raydiumRaydium (RAY) $ 5.06
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 96,694.00
  • injective-protocolInjective (INJ) $ 14.92
  • ethenaEthena (ENA) $ 0.455371
  • immutable-xImmutable (IMX) $ 0.817588
  • blockstackStacks (STX) $ 0.936367
  • nexoNEXO (NEXO) $ 1.36
  • bonkBonk (BONK) $ 0.000018
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,028.90
  • theta-tokenTheta Network (THETA) $ 1.34
  • the-graphThe Graph (GRT) $ 0.140700
  • movementMovement (MOVE) $ 0.550014
  • flare-networksFlare (FLR) $ 0.021625
  • worldcoin-wldWorldcoin (WLD) $ 1.24
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,852.29
  • usual-usdUsual USD (USD0) $ 0.997847
  • sei-networkSei (SEI) $ 0.235752
  • jasmycoinJasmyCoin (JASMY) $ 0.022232
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 96,077.00
  • dexeDeXe (DEXE) $ 17.36
  • galaGALA (GALA) $ 0.022794
  • msolMarinade Staked SOL (MSOL) $ 241.86
  • the-sandboxThe Sandbox (SAND) $ 0.395666
  • eosEOS (EOS) $ 0.636398
  • tezosTezos (XTZ) $ 0.903919
  • flokiFLOKI (FLOKI) $ 0.000095
  • telcoinTelcoin (TEL) $ 0.011656
  • jito-governance-tokenJito (JTO) $ 3.06
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.62
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,796.87
  • bittorrentBitTorrent (BTT) $ 0.00000088
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.84
  • iotaIOTA (IOTA) $ 0.231873
  • makerMaker (MKR) $ 1,005.71
  • wbnbWrapped BNB (WBNB) $ 677.65
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.28
  • flowFlow (FLOW) $ 0.521663
  • roninRonin (RON) $ 1.28
  • bitcoin-svBitcoin SV (BSV) $ 39.84
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 207.25
  • neoNEO (NEO) $ 11.08
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 96,824.00
  • pyth-networkPyth Network (PYTH) $ 0.212892
  • kaiaKaia (KAIA) $ 0.131060
  • chain-2Onyxcoin (XCN) $ 0.022634
  • usddUSDD (USDD) $ 1.00
  • tether-goldTether Gold (XAUT) $ 2,884.44
  • axie-infinityAxie Infinity (AXS) $ 4.44
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.267698
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,852.26
  • dogwifcoindogwifhat (WIF) $ 0.668256
  • spx6900SPX6900 (SPX) $ 0.715273
  • heliumHelium (HNT) $ 3.75
  • curve-dao-tokenCurve DAO (CRV) $ 0.509775
  • aerodrome-financeAerodrome Finance (AERO) $ 0.831996
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,697.21
  • paypal-usdPayPal USD (PYUSD) $ 0.999963
  • fraxFrax (FRAX) $ 0.996364
  • elrond-erd-2MultiversX (EGLD) $ 22.61
  • decentralandDecentraland (MANA) $ 0.335793
  • usdx-money-usdxusdx.money USDX (USDX) $ 0.999650
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.009833
  • arweaveArweave (AR) $ 9.32
  • berachain-beraBerachain (BERA) $ 5.59
  • pendlePendle (PENDLE) $ 3.63
  • pax-goldPAX Gold (PAXG) $ 2,897.25
  • starknetStarknet (STRK) $ 0.230555
  • conflux-tokenConflux (CFX) $ 0.120419
  • matic-networkPolygon (MATIC) $ 0.328798
  • meowMEOW (MEOW) $ 0.006523
  • dydx-chaindYdX (DYDX) $ 0.798600
  • resolv-usrResolv USR (USR) $ 1.00
  • pumpbtcpumpBTC (PUMPBTC) $ 95,387.00
  • chilizChiliz (CHZ) $ 0.060006
  • beam-2Beam (BEAM) $ 0.010672
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,699.47
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,695.68
  • insurance-2INSURANCE (INSURANCE) $ 29.59
  • dohrniiDohrnii (DHN) $ 9.84
  • coredaoorgCore (CORE) $ 0.543266
  • apecoinApeCoin (APE) $ 0.729686
  • zcashZcash (ZEC) $ 33.08
  • ecasheCash (XEC) $ 0.000026
  • beldexBeldex (BDX) $ 0.075187
  • wormholeWormhole (W) $ 0.179384
  • compound-governance-tokenCompound (COMP) $ 56.76
  • kavaKava (KAVA) $ 0.463016
  • true-usdTrueUSD (TUSD) $ 0.997285
  • aioz-networkAIOZ Network (AIOZ) $ 0.427088
  • newton-projectAB DAO (AB) $ 0.010938
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 97,058.00
  • amp-tokenAmp (AMP) $ 0.005775
  • clbtcclBTC (CLBTC) $ 97,004.00
  • morphoMorpho (MORPHO) $ 2.11
  • akash-networkAkash Network (AKT) $ 1.91
  • thorchainTHORChain (RUNE) $ 1.33
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008465
  • tbtctBTC (TBTC) $ 96,890.00
  • apenftAPENFT (NFT) $ 0.00000045
  • gnosisGnosis (GNO) $ 172.32
  • fartcoinFartcoin (FARTCOIN) $ 0.444718
  • quantixaiQuantixAI (QAI) $ 85.02
  • ai16zai16z (AI16Z) $ 0.397596
  • based-brettBrett (BRETT) $ 0.044122
  • verus-coinVerus (VRSC) $ 5.58
  • mina-protocolMina Protocol (MINA) $ 0.355378
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 2,674.72
  • axelarAxelar (AXL) $ 0.468517
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.02
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000077
  • chex-tokenCHEX Token (CHEX) $ 0.424003
  • story-2Story (IP) $ 1.69
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999743
  • ketKet (KET) $ 0.412690
  • zksyncZKsync (ZK) $ 0.111556
  • olympusOlympus (OHM) $ 24.93
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • usdbUSDB (USDB) $ 1.00
  • super-oethSuper OETH (SUPEROETHB) $ 2,700.74
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,942.92
  • eigenlayerEigenlayer (EIGEN) $ 1.64
  • grassGrass (GRASS) $ 1.63
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,698.93
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08

Will Bitcoin Crash Below $90K as Liquidations Top $2B?

0 9

Amid the crypto market crash, will Bitcoin fall below the $90,000 mark as liquidations surpass $2 billion?

With the recent crash, the total crypto market capitalization has dropped to $3.01 trillion. Among the top losers, Bitcoin and Ethereum face significant losses at crucial levels. Bitcoin hit a 24-hour low of $91,530 but has since bounced back to $94,254.

The bearish sentiment remains extremely strong as sellers dominate. The 24-hour liquidations in the crypto market have surged to $2.24 billion, with bulls taking the brunt of the hit—$1.18 billion.

Bitcoin saw liquidations totaling $410.43 million, while Ethereum led with $609.89 million in liquidations.

As top traders are getting liquidated, market volatility has reached its peak. Given these conditions, will Bitcoin break below the $90,000 support level? Let’s analyze.

Bitcoin Analysis Points Downside Risk to $86k

In the daily chart, BTC’s price action registers four consecutive bearish candles. This accounts for a downfall of nearly 12% from the previous day.

Despite this pullback, BTC remains above the local support trendline. Additionally, the bulls maintain dominance above the lower band of the Supertrend Indicator, indicating minor support at lower levels. However, the intraday pullback of 3.62% has broken below the lower Bollinger band.

This suggests a major shift in BTC’s price trend, signaling a bearish continuation. According to price action analysis, a breakdown of the local support trendline would likely push Bitcoin to the next support level at $86,707.

Funding Rates Crash as Bearish Speculations Surge

With the significant correction in Bitcoin’s price, open interest has dropped to $60.61 billion, a decrease of 5.75%.

With the drop in the open interest, the long-to-short ratio over the past 24 hours has dropped to 0.9253. Following the downfall, the funding rate recently dropped to nearly 0%, reflecting low confidence among the bullish traders. Amid the lower price rejection, the funding rate remains at 0.0006%.

Hence, speculations anticipate further corrections in Bitcoin prices with the overall volatility.

Will Bitcoin Crash Below $90K as Liquidations Top $2B?

On-Chain Data Hints at Extended Crash

As the pullback continues, global in-and-out-of-the-money data shows that 13.10% of Bitcoin’s supply has entered the “out-of-the-money” zone. This represents 2.6 million BTC worth $244.05 billion.

Will Bitcoin Crash Below $90K as Liquidations Top $2B?

Currently, the out-of-the-money zone stretches from $69,360 to $95,879, holding 2.24 million BTC.

If the broader market continues to remain volatile, the lower limit of the current zone hints at a pullback to nearly $70,000.

In a nutshell, Bitcoin’s current price action signals heightened bearish pressure with the risk of breaking below the $90,000 support level. If sellers maintain dominance and the local support trendline fails, BTC could test the next critical level at $86,707.

Source

Leave A Reply

Your email address will not be published.