Bitcoin continued to hover near the $68,000 mark despite improving Fear & Greed sentiment and modestly positive ETF flows; liquidations stand at $$261.4 million over the past 24 hours.
Bitcoin ETFs saw $15.2 million in net inflows on Friday, while Ethereum ETFs reported $10.3 million in net inflows.
Untapped Liquidity Below
Crypto trader Jelle said Bitcoin appears to be finding local demand around its previous all-time highs. Historically, similar setups require several weeks of re-accumulation before a sustained reversal, suggesting patience is warranted.
Crypto Tony identified $67,300 as a near-term downside target, citing significant untapped liquidity resting below current levels. A sweep of that zone could provide the fuel for a stronger rebound.
Trader Tardigrade said Ethereum is forming a bearish pennant on the three-day chart, consolidating within converging trendlines after its recent drop. The pattern favors downside continuation, with a projected breakdown target near $1,136. A decisive break below support could accelerate losses.
Crypto chart analyst Ali Martinezwarned that the last time XRP printed a weekly gravestone doji, the token declined 46%. If the pattern reappears, it could signal renewed downside risk.
The meme coin sector fell roughly 6% to $36.4 billion, mirroring broader crypto softness.
Daan Crypto Trades noted Dogecoin recently tested the $0.08 level, with the $0.08–$0.13 range now acting as a key consolidation zone. A breakout above that band would increase the probability of a move toward the daily 200-day moving average and exponential moving average.
For now, however, price sits near the middle of the range, leaving short-term direction uncertain.
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