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The global cryptocurrency market is once again at a critical juncture. As of today, Bitcoin ($BTC) is trading below $113,000, while Ethereum ($ETH) has slipped under $4,000. This price action has raised concerns among traders and investors, particularly after more than $1.6 billion in liquidations swept through the market over the last 24 hours—most of them from overleveraged long positions.
Bitcoin Under Pressure

Bitcoin’s inability to hold above the $115K resistance level has signaled growing weakness. Analysts suggest that the next major support lies in the $107K–$108K range. If BTC fails to defend this zone, a deeper correction could unfold, potentially shaking short-term confidence. However, Bitcoin’s long-term structure still reflects strength, with adoption by institutions and businesses continuing to expand globally.
Ethereum’s Challenges

Ethereum, the backbone of decentralized finance (DeFi) and NFTs, is facing its own struggles. With price hovering around $3.9K, ETH remains under selling pressure. Still, developers and Layer-2 solutions continue to build, which keeps Ethereum’s long-term fundamentals strong. Reduced energy consumption after the Merge and increasing real-world applications make ETH a resilient asset despite market dips.

ETF Outflows and Market Sentiment

Another factor weighing on the market is ETF outflows. Since the U.S. approved spot Bitcoin ETFs, inflows have been a key driver of bullish momentum. But the recent string of outflows shows hesitation from institutional investors, aligning with broader risk-off sentiment in global markets.

Macro Data in Focus

Crypto markets remain highly sensitive to U.S. economic indicators. Employment reports, inflation updates, and Federal Reserve signals continue to dictate short-term momentum. A softer dollar or hints of rate cuts could spark renewed bullishness, while strong economic numbers may extend the bearish phase.

What’s Next?

While short-term volatility remains high, the bigger picture for both Bitcoin and Ethereum is far from bleak. Many analysts believe current corrections are healthy pauses in an ongoing bull cycle. The question is whether we see a bounce this week—or a test of deeper support levels before recovery.

Key Takeaway: Short-term traders should remain cautious with stop-losses in place, while long-term holders may view this dip as a potential accumulation opportunity.

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