Zinger Key Points
- Global cryptocurrency market capitalization is trading 2.1% lower at $3.25 trillion.
- One trader flags a bearish signal suggesting further downside for Bitcoin; another warns that breaking below $106,800 could trigger accelera
- Get access to the leaderboards pointing to tomorrow’s biggest stock movers.
The crypto market is under pressure as macro headwinds resurface. The ADP employment report indicates a slowdown in hiring, and renewed tariff uncertainty is shaking investor sentiment.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $102,185.84 | -2.6% |
| Ethereum ETH/USD | $2,537.69 | -3.3% |
| Solana SOL/USD | $146.23 | -6.1% |
| XRP XRP/USD | $2.13 | -4% |
| Dogecoin DOGE/USD | $0.1747 | -8.1% |
| Shiba Inu SHIB/USD | $0.00001258 | -5.2% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 11.3%, with daily active addresses falling by 14.6%. Transactions greater than $100,000 are down from 11,969 to 11,237 in a single day. Exchanges netflows are down by 87.6%.
- Coinglass data reports that 114,092 traders were liquidated in the past 24 hours, with a total liquidation value of $334.11 million.
- Glassnode data shows Bitcoin’s largest holders have shifted back to accumulation after a brief distribution phase. All wallet cohorts are buying, with the most aggressive accumulation seen in the 10–100 BTC and sub-1 BTC groups, both hitting the maximum accumulation score of 1.0.
Notable Developments:
- Circle Surges To $69 In NYSE Debut, Raising $1.1B As Investors Bet On Stablecoins Going Mainstream
- Bitcoin Stock Strategy— Buy Or Sell? What Technicals Reveal For Michael Saylor’s MSTR?
- Bitcoin Becomes Corporate Treasury Favorite, ETH, SOL, XRP Far Behind: Report
- Bitcoin At $105,000: Bull Market Correction Or Bear Market Beginning?
- Bitcoin Bull Run On The Brink As Long-Term Holders Accelerate Profit-Taking: Report
- Global X Debuts Covered Call Bitcoin ETF, Aims To Keep Volatility In Check
Top Losers:
| Cryptocurrency | Price | Gains +/- |
| Jupiter JUP/USD | $0.4610 | -14.5% |
| Raydium RAY/USD | $2.06 | -12.6% |
| Pepe PEPE/USD | $0.00001078 | -11.9% |
Trader Notes: Crypto trader Kevin has been warning for weeks that Bitcoin is in a critical danger zone below $106,800. He urges traders to avoid overanalyzing and instead approach the market with maximum caution. This is not the time for false optimism, he stressed.
In a follow-up post, Kevin outlined two scenarios:
Bearish case: A breakdown below $100,000–$103,000 could trigger a ~5% drop, aligning with the 0.5 Fib level and the daily super trend.
Bullish case: A reclaim of $106,800 would likely mark a scary but healthy retest, signaling a recovery.
He also flagged a key warning that multiple daily closes below $829 billion on Total 3 (altcoin market cap excluding BTC and ETH) would confirm a broader altcoin breakdown.
Crypto chart analyst Ali Martinez pointed out that Bitcoin's MVRV Ratio has slipped below its 200-day SMA, historically a sign of growing bearish momentum and elevated downside risk.
Adding to the cautious tone, Rekt Capital noted Bitcoin is now in a transitional phase, attempting a post-breakout retest of its re-accumulation range. Successfully holding this zone would confirm the shift into a new Price Discovery Uptrend (Phase 2). However, volatile deviations could occur before confirmation.
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