Cryptocurrency markets are trading lower on Tuesday.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $91,912.69 | -2.9% |
| Ethereum ETH/USD | $3,277.87 | -4.8% |
| Solana SOL/USD | $226.08 | -5.1% |
| Dogecoin DOGE/USD | $0.3746 | -6.8% |
| Shiba Inu SHIB/USD | $0.00002385 | -6.7% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 77.4% and daily active addresses up by 16.4%. Transactions greater than $100,000 are up from 9,585 to 13,037 in a single day. Exchanges netflows are up by 858.2%.
- Coinglass data reports 193,074 traders were liquidated in the past 24 hours for $590.74 million.
- CryptoQuant noted long-term holders offloaded 728,000 BTC in the past 30 days, the highest sell-off since April.
Notable Developments:
Top Losers:
| Cryptocurrency | Price | Gains +/- |
| The Sandbox SAND/USD | $0.5954 | -18.6% |
| Stellar XLM/USD | $0.4344 | -14.9% |
| Maker MKR/USD | $1,689.37 | -11.7% |
Trader Notes: With Bitcoin’s recent price drop dragging the cryptocurrency market lower, chart analyst Ali Martinez highlights the availability of crypto assets at “discounts.”
According to More Crypto Online, Bitcoin’s correction remains in progress.
The $92,802 support hasn’t been invalidated, meaning bulls could still regain momentum.
Key support levels include $88,650, with additional Fibonacci targets at $85,558 and $77,874 if the downward trend persists.
CoinDesk senior analyst James Van Straten noted a record-breaking $4 billion in Bitcoin panic sales to exchanges, triggering liquidation cascades that allowed smart money to accumulate at discounted prices. Van Straten believes the correction, which reached 10%, may now be complete.
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