Bitcoin Dip Sparks Market-Wide Liquidations

Bitcoin fell below $113,200—its lowest in weeks—amid trade-war jitters and profit-taking. This triggered over $200 million in crypto liquidations, dragging most altcoins down as hopes of a rotation into alts faded.

🧐 Altcoin Season: Real Momentum or False Alarm?

Altcoin Movement Summary Why It Matters

XRP dropped ~19% intraday from its $3.66 peak to $2.95, with $113M in long liquidations. Bearish technicals hint at a slide toward $1.14. Historical RSI breakdowns in 2025 led to 20–25% drops.

Pi Coin Supply unlocks (~160M tokens in July) pressured price to $0.35–0.44. Exchange reserves at 384M. Selling pressure persists despite quiet whale accumulation. Chart setup remains bearish.

Shiba Inu (SHIB) Bullish crossover on charts and exchange reserves at yearly lows. Possible 33–38% upside if it clears $0.000014. Still down ~15% last week. Market sentiment remains fragile.

Despite isolated bullish signs, the Altseason Index is at 36, showing Bitcoin still outperforming nearly two-thirds of altcoins. Meanwhile, coins like Arbitrum (ARB), Toncoin (TON), and mid-cap DeFi tokens are outperforming XRP, PI, and SHIB.

⚡ What Might Spark an Altcoin Rally?

1. A strong BTC daily close above $113K and key moving averages could restore confidence.

2. Broader altcoin participation—not just hype names—would signal true rotation.

3. Easing macro pressures (e.g., trade tensions, Fed signals) could act as catalysts.

✅ Key Takeaways Altcoin moves today feel narrow and selective—not the beginning of a true "altseason."

XRP and SHIB show technical patterns worth tracking, but broader diversification is key.

Projects like TON and ARB may offer better short-term potential.

If BTC loses further ground, expect more weakness across alts. Traders should focus on low-risk entries near strong support levels and prioritize disciplined risk management.

#CryptoMarket #Bitcoin #AltseasonWatch #TradeSmart #MacroMoves