Bitcoin, Ethereum, Dogecoin Continue Downward Trend: 'Range Deviation Or Bearish Retest?,' Wonders Technical Trader
Cryptocurrency markets are trading lower as markets continue to cope with geopolitical uncertainty. CryptocurrencyPrice Gains +/-Bitcoin BTC/USD $60,836 -1.6%Ethereum ETH/USD $2,393 -4%Solana SOL/USD $140.87 -4%Dogecoin DOGE/USD $0.1034 -3.4%Shiba Inu SHIB/USD $0.00001617 -0.4%Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 12% and daily active addresses increasing by 17.6%. Transactions greater than $100,000 are up from 9,193 to 9,410 in a single day. Exchanges netflows are down by 55.7%. Coinglass data reports 77,587 traders were liquidated in the past 24 hours for $255 million. CoinMarketCap shows the crypto Fear and Greed Index at 39 in the fear zone, down from 56.6 last Friday. Crypto chart analyst Ali Martinez predicts that around $112 million in short positions will be liquidated if Bitcoin rebounds to $63,000. Notable Developments: MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? Bitcoin Bulls Should Watch This Crucial Level: 10x Research Ripple ETF: Could It Happen? Bitwise’s Filing Faces Uncertain Path Amid Regulatory Concerns Gary Gensler-Led SEC Scores A Win Over Crypto Firm Accused Of Securities Law Violation Top Losers: CryptocurrencyPrice Gains +/-EigenLayer EIGEN/USD $3.29 -20.5%Lido DAO LDO/USD $1.03 -11.2%Bonk BONK/USD $0.00002079 -11%Trader Notes: With Bitcoin prices hovering around the $60,000 mark, Daan Crypto Trades is curious is this is a range deviation or a bearish retest. If this is the case, he thinks it could lead to a move above $64,500. Crypto trader Rekt Capital marks two levels that are important to continue acting as support. Looking at a different angle, crypto trader Seth stated that Coinbase had a huge spike in spot buy orders on Tuesday, suggesting possible accumulation. 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: How To Trade Bitcoin During Geopolitical Tensions? Here’s One Whale Trader’s Approach Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.