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š„ Market Snapshot: Key Highlights
š Market Overview
The total crypto market lost around $66 billion, now sitting at $3.83 trillion, down about 5% over the past 24 hours .
$BTC is trading sideways in the $118Kā$119K range, down ~0.6% from yesterday. Aggressive selling (taker sell volume) has dropped by 93%, indicating lower sell-side pressure and a potential for breakout if momentum shifts .
Ethereum (ETH) remains resilient, holding above $3,700, supported by continuous spot ETF inflows (17 straight days, totaling ~$5.2B) and strong whale accumulation activity .
š Institutional & Whale Moves
Major Ethereum holders coordinated the acquisition of 628,646 ETH (~$2.38B) through 9 new wallets, signaling strong institutional conviction .
Futures open interest in ETH hit a record $60B, while over 1 million ETH exited exchanges this monthāsuggesting holders are locking in for the long term .
š¶ Altcoin Action
Dogecoin (DOGE) nosedived almost 9%, trading below the critical $0.222 support, amid broader altcoin sell-offs; analysts attribute this to institutional rebalancing rather than retail panic .
Other altcoins, including $XRP and Cardano, also slipped by 4ā6%, hitting market cap rotation toward BTC and ETH in response to regulatory delays around altcoin ETF approvals .
š§ Regulatory & Strategic Developments
The U.S. SEC delayed key altcoin ETF decisions, stalling projects like Solana and weighing on altcoin sentiment. Bitcoin and Ethereum ETFs remain approved and continue receiving inflows .
Coinbase is reportedly in late-stage talks to acquire CoinDCX, an Indian exchange recently impacted by a security breach .
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š Whatās Next: Key Outlook
Bitcoin: With selling pressure sharply reduced, a breakout above $120K could lead to a test of $122Kā$123K. However, a drop below $117K may expose it to deeper correction risk .
Ethereum: Supported by whale accumulation and ETF inflows, ETH firmly holds above $3,700. If momentum continues, $3,900ā$4,000 could be next targets. Strong accumulation suggests confidence in higher prices ahead .
Altcoins: Facing elevated regulatory uncertainty and capital rotation. A fresh catalystālike ETF green lightsāwould be needed to stabilize altcoin sentiment.
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ā Summary Table
Asset Price (~) Todayās Move Drivers
$BTC ~$119K ā0.6% Reduced sell volume, sideways
ETH ~$3,871 ā0.5% ETF inflows, whale accumulation
DOGE ~$0.22 ā9% Broad sell-off, institutional
$XRP/Cardano ā4% / ā6% Mixed alt weakness ETF delays, macro caution