Bitcoin, Ethereum, XRP, Dogecoin Slide Lower: 'Final Move Down Before The Recovery,' Trader Says
Cryptocurrency markets are trading lower on Tuesday, with Bitcoin tapping the $95,000 level. CryptocurrencyPrice Gains +/-Bitcoin BTC/USD $95,189.97-2.3%Ethereum ETH/USD $2,600.05-2.8%Solana SOL/USD $196.61-2.8%XRP XRP/USD $2.40-1%Dogecoin DOGE/USD $0.2519-0.7%Shiba Inu SHIB/USD $0.00001559 -1.5%Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 52.2% and daily active addresses growing by 20.2%. Transactions greater than $100,000 are up from 7,194 to 9,866 in a single day. Exchanges netflows are down by 137.2%. Coinglass data reports 121,611 traders were liquidated in the past 24 hours for $217.83 million. Martinez noted that whales recently realized almost $800 million in BTC profits. Notable Developments: Apple Vs IBIT Bitcoin ETF: One Is Warren Buffett’s Berkshire Hathaway’s Biggest Holding, The Other Gives Exposure To A Crypto He Vehemently Dislikes, Which Has Generated Better Yearly Returns? Bitcoin, Solana Rise In January, But Ethereum Lagging: JPMorgan Poland Rejects Bitcoin Reserves As Czech Republic And US Explore Crypto Holdings Hacker Pleads Guilty To SEC’s Fake Bitcoin ETF Post On X That Triggered Financial Wipeout Worth Millions Ranking The XRP, Dogecoin, Solana, Litecoin ETF Approval Chances: One Altcoin Has A 90% Chance, Bloomberg Analyst Says Top Losers: CryptocurrencyPrice Gains +/-Onyxcoin XCN/USD $0.02132-10.8%Ethena ENA/USD $0.4441-8.3%Aptos APT/USD $5.87-5.4%Trader Notes: With Bitcoin prices falling, crypto trader Altcoin Sherpa anticipates one final move down before recovery, expecting altcoins to retest previous lows while maintaining a relative bottom. He remains flat on active positions but plans to bid the next dip, particularly in AI coins like ARC. He also highlights the 100-day EMA approaching and expects the wick to be filled. 1 final move down for $BTC before the recovery imo. Alts prob test near those lows they made before but I still think *relative* bottom is in. Flat on active positions but looking to bid this next move down for AI coins like arc. 100d EMA coming up + wick usually gets filled pic.twitter.com/jimsBVCZwi— Altcoin Sherpa (@AltcoinSherpa) February 11, 2025 Meanwhile, CrediBULL Crypto notes that Bitcoin is holding its higher timeframe (HTF) support zone, expecting continued consolidation as long as it holds. He anticipates a dip below $94,100, a reclaim, and a push to local supply above recent highs, but remains cautious, saying, “Let’s see how things develop.” Crypto analyst Ali Martinez reaffirmed his earlier outlook, warning that Bitcoin, XRP, Solana and Cardano could see a brief pullback. The TD Sequential indicator is flashing a sell signal on hourly charts. Read Next: The Bitcoin 4-Year Cycle Is Dead, Analyst Says: ‘Adapt Or Die’ Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.