Bitcoin at $82,000, Ethereum, XRP Stabilize on $1B Short Squeeze
Bitcoin rebounded to $82,000 as the 10-year U.S. Treasury yield fell sharply to 5.09% after surging to 5.36% following yesterday’s hotter-than-expected CPI report.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $82,061 |
| Ethereum | (CRYPTO: ETH) | $2,435 |
| Solana | (CRYPTO: SOL) | $105.95 |
| XRP | (CRYPTO: XRP) | $1.34 |
| Dogecoin | (CRYPTO: DOGE) | $0.08091 |
| Shiba Inu | (CRYPTO: SHIB) | $0.055111 |
Notable Statistics:
- Coinglass data shows 173,758 traders were liquidated in the past 24 hours for $929.17 million.
- SoSoValue data shows net outflows of $261.5 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $129.5 million.
- In the past 24 hours, top gainers include Akedo, Starknet and Pyth Network.
Notable Developments:
- Bitcoin Bounces Above $82,000 as XRP, Solana Flash Buy Signals
- Hyperliquid Looks Beyond Bitcoin to Nvidia and Oil: Can PURR Benefit?
- Watch $77,000 for Bitcoin Bull Market Confirmation, Crypto Expert Says
- XRP Drops 5% to $1.30: What Is Going On?
- Bitcoin Stuck Between $80,000 and $88,000: Which Level Breaks First?
- Dogecoin Flashes Buy Signal Near $0.08 Support: Is a Rebound Ahead?
- Ripple Expands Institutional Trading With Real-World Asset Swaps Across 100 Markets
Trader Notes:
Crypto analyst Lennaert Snyder noted that Bitcoin swept liquidity below $80,000 after the New York open before staging a strong recovery, confirming his earlier bullish setup.
He identified $83,000 as immediate resistance, with a breakout potentially pushing Bitcoin toward $85,000, where significant buy-side liquidity and liquidations remain.
While $83,000 could offer a shorting opportunity if prices face strong rejection, Snyder prefers $85,000 for new short positions following the liquidity sweep below $80,000.
Digital asset platform, Bitfinez noted that Bitcoin whales accumulated roughly 60,000 BTC since late August, primarily between $80,000 and $86,000.
He suggested that the low-$80,000 range could emerge as strong support if whales continue holding their accumulated Bitcoin through the current market pullback.
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