Bitcoin, Ethereum, XRP, Dogecoin Consolidate After Monday Liquidation Cascade

Cryptocurrency markets are consolidating on Tuesday morning while showing notable weakness against other commodities like gold.

Notable Statistics:

• Coinglass data shows 162,094 traders were liquidated in the past 24 hours for $356.06 million.
• SoSoValue data shows net outflows of $363.2 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $75.95 million.

Trader Notes: Ted Pillows said BTC remains rangebound, with $115,000 as the key resistance to reclaim. Losing $108,000 could open the door to a deeper correction toward $100,000.

Michael van de Poppe added that a bounce here could push BTC back to $115,000, but failure risks a drop into the $106,000–$108,000 "max buy zone."

Trending Crypto Products

Earn Up to 3% Back in Bitcoin and Crypto on Every Purchase You Make

Get Started

Invest Your IRA or 401(k) in Real Estate, Crypto, and More with IRA Financial

Get Started

For Ethereum, van de Poppe expects more sideways movement, possibly dipping toward $3,550–$3,750. With ETH nearly 20% off its highs and compression building near the 20-week MA, he sees this as a reasonable accumulation zone.

Scient highlighted SOL breaking out after seven weeks of range-bound trading, now pausing at all-time high supply. A retest of the $190–$175 weekly breaker could be a heavy entry point, with higher levels expected if the structure holds.

Degen Hardy noted XRP consolidating above support while forming a falling wedge pattern, which may set up a bullish breakout as "Uptober" approaches.

Mags aka TheScalpingPro predicted a vertical move targeting $1, just 3.3x from current levels. He compared current skepticism to 2020, when DOGE delivered a 170x rally despite disbelief.

Read Next:

• ‘I’m Not A Crypto Person At All’, Says Billionaire Investor Who Sees Bitcoin’s Momentum Stalling

Image: Shutterstock