‘Bulls Emerge Victorious,’ Trader Concludes

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

‘Bulls Emerge Victorious,’ Trader Concludes

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Crypto markets are surging on early Thursday, with Bitcoin hitting a new all-time high above $110,000 amid accelerating institutional adoption and robust ETF inflows.

Cryptocurrency

Price   

Gains +/-

Bitcoin (CRYPTO:

This is the hidden content, please

• Sign In
• or
• Sign Up

)

$110,681.06

+4%

Ethereum (CRYPTO:

This is the hidden content, please

• Sign In
• or
• Sign Up

)

$2,650.22

+4.3%

Solana (CRYPTO:

This is the hidden content, please

• Sign In
• or
• Sign Up

)

$178.1

+5.3%

XRP (CRYPTO:

This is the hidden content, please

• Sign In
• or
• Sign Up

)

$2.41

+2.7%

Dogecoin (CRYPTO:

This is the hidden content, please

• Sign In
• or
• Sign Up

)

$0.2395

+5.6%

Shiba Inu (CRYPTO:

This is the hidden content, please

• Sign In
• or
• Sign Up

)

$0.00001523

+4.9%

Notable Statistics:

IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 22.1% and 36.9%, respectively, while BTC’s daily active addresses went up by 7.7% and exchange netflows are up by 332.7%.

Coinglass data shows 125,650 traders were liquidated in the past 24 hours for $505.49 million.

SoSoValue data shows $608.99 million in net inflows into spot Bitcoin ETFs and $587,000 in net inflows into spot Ethereum ETFs.

CoinGlass data shows selling pressure for Bitcoin with nearly $200 million in stacked sell orders between $111,000–$113,200, with ~$8 million per $100 increment totalling around $200 million in cumulative sell pressure.

According to Coin Bureau, retail investors have yet to fully enter the market as wallets holding less than 1 BTC (“shrimp” addresses) remain lower than in May 2024 and January 2021. Once retail floods in, sentiment could turn euphoric.

Trader Notes: Glassnode data reports only $1 billion in profit-taking at Bitcoin’s new all-time high, less than half the $2.1 billion seen when Bitcoin first crossed $100,000 in December. This suggests investors are holding tight for more upside.

Don’t Miss:

Crypto trader Jelle sees Bitcoin having a target of $180,000 while Trader Tardigrade says Bitcoin broke out of a key battleground between bulls and bears and the bulls are now fully in charge and have emerged victorious.

Dogecoin is breaking out of a bull pennant, with Ali Martinez targeting $0.31.

Story Continues

Jelle remains confident in his Solana holdings, expecting a strong rally once it clears $250. He expects a surge to $400–$500 once it clears resistance, as “weak hands” have already been flushed out.

Ethereum is holding strong, but Jelle believes the real rally begins once it reclaims $3,000, which could trigger a broader market wave.

Read Next:

Image: Shutterstock

Send To MSN:  Send to MSN

This article

This is the hidden content, please

• Sign In
• or
• Sign Up

originally appeared on

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up

#Bulls #Emerge #Victorious #Trader #Concludes

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up