The crypto market starts the week on a weak note as Bitcoin, Ethereum, and XRP extend their pullback, triggering billions in liquidations.
Bitcoin (BTC)
BTC is down 4.5% from last week’s high and is trading just above $112,000. Selling pressure has intensified, with the RSI sliding from 61 to 43, signaling fading bullish momentum. Key support sits at the 100-day EMA ($111,846), with deeper levels at $107,304 and $105,965 in play if selling continues. A close below $110,000 could accelerate the decline.
Ethereum (ETH)
ETH has slipped under its 50-day EMA ($4,252), confirming bearish momentum. With price now below $4,200, traders are eyeing $4,000 as the next big test. Extended weakness could bring the 100-day EMA ($3,832) and even the 200-day EMA ($3,369) into focus. Bulls need a recovery above $4,252 to shift momentum back.
XRP
XRP remains under pressure after falling below $3.00. It’s now trading under both the 50-day EMA ($2.95) and 100-day EMA ($2.83). If the decline extends, $2.70 and the 200-day EMA at $2.59 are the next supports. A bounce back above $3.00 would be the first sign of recovery.
Liquidations Data
According to CoinGlass, $1.7B in positions were liquidated in the past 24 hours. Longs took the biggest hit at $1.61B, while shorts lost about $84M. Ethereum traders suffered the most, with $466M in long positions wiped out. BTC and XRP traders weren’t spared either, with XRP liquidations topping $74M.
