Coinglass data shows 95,544 traders were liquidated in the past 24 hours for $298.32 million.
SoSoValue data shows net outflows of $121.8 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $196.6 million.
Trader Notes: Crypto trader Jackis highlighted that Bitcoin is locked in a tight volatility squeeze, with a breakout imminent though the direction is unclear.
He is leaning bullish but emphasizes the importance of setting invalidation levels and riding the trend rather than trying to call exact tops, noting a similar squeeze in past cycles.
Crypto trader Jelle pointed out that while sentiment turns fearful at every retest, Bitcoin is once again testing the 50-day EMA, historically a reliable bounce zone.
My timeline was panicking in almost every single one of these green dots.#Bitcoin is once again retesting the 50-day EMA, and the timeline is panicking once again.
More Crypto Online explained that Ethereum has likely completed its C-wave down, but the current rebound remains a three-wave structure, leaving questions on whether wave 4 has truly bottomed.
A breakout above the upper boundary and prior wave 4 high would confirm stronger buyer conviction.
$ETH: The price has completed what looks like a C-wave to the downside, but so far only a three-wave move up can be identified from the last swing low. This leaves us without confirmation that wave 4 has bottomed. A break above the upper boundary line and the wave 4 high would… pic.twitter.com/LdWDQBjr19
For Solana, Martinez projected a move toward $160, while trader Galaxy flagged a symmetrical triangle on XRP’s daily chart, setting up for a possible breakout.
