Bitcoin Slips Below $117,000 On Whale Selling, Ethereum, XRP Hold Steady

The cryptocurrency market is seeing a modest pullback on Friday, with Bitcoin breaking below the $117,000 level, caused by an uptick in whale selloffs.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $116,634.79
Ethereum (CRYPTO: ETH) $3,730.88
Solana (CRYPTO: SOL) $181.14
XRP (CRYPTO: XRP) $3.13
Dogecoin (CRYPTO: DOGE) $0.2325
Shiba Inu (CRYPTO: SHIB) $0.00001369

Notable Statistics:

  • IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 5.8% and 5.1%, respectively. Daily active addresses decreased 6% and grew 3.5%, respectively.
  • Coinglass data shows 141,129 traders were liquidated in the past 24 hours for $534.38 million.  
  • SoSoValue data shows net intflows of $226.6 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $231.2 million.

Trader Notes: Bitcoin is under pressure, slipping below $117,000, but traders are closely watching the $115,000 level where spot buyers are beginning to absorb sell pressure, according to crypto trader Skew.

He notes that a short squeeze may follow if BTC consolidates near …

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