Bitcoin, Ethereum, Dogecoin Slide Further: 'I Wonder If Someone Knows Something,' Trader Wonders
Cryptocurrency markets are trading lower as markets await economic data releases and Nvidia earnings later this week. CryptocurrencyPriceGains +/-Bitcoin BTC/USD$62,095.80-2.3%Ethereum BTC/USD$2,589.24 -3.9%Solana SOL/USD$154.87-2.2%Dogecoin DOGE/USD$0.1045-0.9%Shiba Inu SHIB/USD$0.00001447-0.2%Notable Statistics: Bitcoin's large transaction volume surged 54.8%, together with a 23.6% increase in daily active addresses, according to IntoTheBlock data. Currently, 87% of Bitcoin holders are in profit as large transactions spiked from 5,665 to 7,926 in a single day. Coinglass data shows 47,360 traders liquidated in the past 24 hours for $120.6 million. Crypto chart analyst Ali Martinez notes Binance top traders buying the Bitcoin dip. He stated, "almost 65.22% of them are going long on Bitcoin." Notable Developments: Donald Trump Unveils New NFT Collection Featuring Debate Memorabilia And Exclusive Perks After Binance And Coinbase, Gary Gensler-Led SEC Set To Lock Horns With Crypto Exchange Kraken Nasdaq Seeks SEC Approval For Bitcoin Index Options, Following NYSE’s Lead Crypto Trader Turns $5,000 Into Millions, Shares Key Insights From His Journey: ‘Looking In Hindsight Isn’t Going To Improve You’ Top Gainers: CryptocurrencyPriceGains +/-1Helium HNT/USD$7.13+8.2%Floki FLOKI/USD$0.0001577+5.9%Notcoin NOT/USD$0.009033+4.2%Trader Notes: Crypto Con stated that Bitcoin 2024 is the same as 2023 with a one-month lag. The trader predicted, "another local high lining up with 2023…waiting on next local low." He predicts a September recovery. Crypto chart analyst Ali Martinez predicted that if Bitcoin can close above $65,440, the next local top will be around $86,910. Crypto trader Jelle believes there will be a dip early next week, which could be a good opportunity. The trader added, "Hold current prices and a push towards $70,000 wouldn’t surprise me." More Crypto Online noted Bitcoin "breaking wave 4 support today, casting doubt on its ability to complete a third wave." The prediction of $66,800 points to a tentatively bullish primary outlook. Also, for this bullish outlook to hold, wave B of wave 3 needs to stay above $57,990. Altcoin Sherpa is curious to know if someone knows something, as there is controlled selling in last few days. What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19. Read Next: The 2 Technical Analysis Scenarios For Bitcoin (And Why Ethereum Just Can’t Catch A Break) Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.