Bitcoin, Ethereum, Dogecoin Trade Sideways After BTC Spike To $68K: Is The Same Pattern Playing Out For A Fourth Straight Time?
Cryptocurrency markets are trading relatively flat after a mid-day spike amid Donald Trump's rising election odds. CryptocurrencyPrice Gains +/-Bitcoin BTC/USD $66,756.23 +1.2%Ethereum ETH/USD $2,584.21-1.4%Solana SOL/USD $154.66-0.6%Dogecoin DOGE/USD $0.1146-0.7%Shiba Inu SHIB/USD $0.00001806-0.8%Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 73.8% and daily active addresses growing by 17.4%. Transactions greater than $100,000 are up from 5,104 to 9,217 in a single day. Exchanges netflows are down by 2,523%. Coinglass data reports 97,280 traders were liquidated in the past 24 hours for $312.03 million. Crypto long liquidations of $169.4 million are the highest since Oct.2. Notable Developments: ‘Asia’s Microstrategy’ Metaplanet Buys Another 107 Bitcoin: Here’s How Big Its Pile Has Grown Donald Trump’s World Liberty Financial Token Sales Hit $220M In First Hour, Website Faces Multiple Outages Tokenization On Track To Reach Trillion-Dollar Market By 2030, Says Industry Expert Anthony Pompliano Predicts Tesla’s Automation Tech Will Spike Stablecoin Adoption: ‘People Don’t Want To Spend Their Bitcoin’ Bitcoin Spot ETFs Saw $555.8M Net Inflows On ‘Monster’ Monday Top Gainers: CryptocurrencyPrice Gains +/-cat in a dogs world MEW/USD $0.008708+8.4%Fantom FTM/USD $0.7717+6.4%Beam BEAM/USD $0.01748+6.3%Trader Notes: With Bitcoin prices crossing the $66,000 mark, Smiley Capital said its time for "more bullish propaganda." The trader pointed out a pattern that has held for the last three Bitcoin bull runs. good afternoon it's time for more bullish propagandayou might not subscribe to 4 year cycles, but until they're invalidated, I'm going to use them as confluence and there's nothing you can do about itfor over a decade we have had an exact yearly patternwhat happens next? pic.twitter.com/TTravUqzwh— 🙂 (@smileycapital) October 15, 2024Crypto trader Ali Martinez noted that Bitcoin open interest across all exchanges peaked to a new all-time high of $19.75 billion. He added that this surge implies "big price moves ahead, with more capital on the line." Coinglass data reported Bitcoin open interest of $37.3 billion, the highest since July 29. Cold Blooded Shiller suggests that Bitcoin is approaching a critical battle zone on the weekly chart. Indicators on the Daily chart, such as the RSI at 67 show stalling momentum. If Bitcoin breaks above this level, it will confirm a shift in market momentum, signaling that bulls are in control.The analyst predicts that if the market enters the “overbought” zone for the first time in 7 months, it could stay there for a while, potentially pushing Bitcoin to $100,000 and beyond. This shift would mark a significant technical breakout.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: 3 Reasons Why A Bitcoin All-Time High Before The Election Is Back In Play Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.