Bitcoin, Ethereum, Dogecoin Lower ‘Corrections Are Typically Short-Lived,’ Trader Prefers Not Going To $89,000 To $90,000

Cryptocurrency markets continued to slide lower on Wednesday.

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 9% and daily active addresses falling by 0.08%. Transactions greater than $100,000 are up from 11,574 to 10,613 in a single day. Exchanges netflows are down by 401.2%.
• Coinglass data reports 241,241 traders were liquidated in the past 24 hours for $643.68 million. Bitcoin derivates volume spiked 17.3% to $123.2 billion.
• Quinten Francois noted whales are accumulating Bitcoin.

Notable Developments:

• US Bitcoin Miners Hoard Apex Crypto To Shield Against Rising Expenses — MARA, Riot Replicate MicroStrategy’s Playbook
• MicroStrategy Launches Sovereign European Cloud With …

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