Altcoins News
By James Thorp
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Market Searching for Support in BTC Low-Liquidity Zone. “The market is effectively re-finding its footing,” Glassnode wrote in a recent report.
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Derivatives Market Reflects Risk-Off Mood. Activity in the derivatives space is also showing signs of retreat.
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Ethereum Gains, But Resistance Near $4K Looms. Ethereum’s modest recovery puts it in sight of the $4,000 mark, a psychological and technical…
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Macro Outlook Adds to Uncertainty. Beyond crypto-specific metrics, global markets are also grappling with uncertainty.
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Will $110K Hold, or Is Another Flush Coming?. With Bitcoin hovering in a low-liquidity range, market participants are watching closely to see…
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Bitcoin is holding near $115,000 in Thursday’s Asian session, with trading volume thinning and market conviction fading.
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Glassnode data reveals that BTC slipped below a key support cluster earlier this week, falling into a vulnerable trading range between $110,000 and $116,000.
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As of Thursday morning, BTC is trading at $114,778, marking a modest 1% gain in the past 24 hours.
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“The market is effectively re-finding its footing,” Glassnode wrote in a recent report. The analysts described the current range as a battleground between cautious buyers and a…
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One concern flagged by Glassnode is the drop in short-term holder profitability. Previously at 100%, this metric has now fallen to 70%, which is typical during bull market…
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ETF flows have not been supportive either. Bitcoin investment products saw a net outflow of 1,500 BTC earlier this week, the largest single-week drop since April.
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Activity in the derivatives space is also showing signs of retreat. Funding rates—fees paid to maintain leveraged positions—have declined, suggesting traders are reducing exposure.
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In a note to clients, Enflux stated, “Crypto markets remain in a fragile holding pattern. Despite some relief in the altcoin space, majors like BTC and ETH are still struggling…
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The CoinDesk 20 Index, which tracks major digital assets, rose 1.69% to 3,815.22, helped by a 2% gain in Ethereum, which is now trading just below $3,600.
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“Until BTC and ETH reclaim strength with volume,” Enflux added, “the path of least resistance could remain sideways to down.”
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