Bitcoin's price recently hovered close to $76,000, coinciding with a growing sense of extreme fear permeating the cryptocurrency sphere. This sentiment has strongly influenced market behavior, as indicated by $682.58 million in liquidations over the past 24 hours alone. Moreover, assets under management for U.S. Spot Bitcoin ETFs have dropped below the $100 billion threshold for the first time since April 2025, highlighting a shift in investor positioning amid prevailing volatility.
Exchange-traded funds tracking Bitcoin recorded $272 million in net outflows on Tuesday, while those centered on Ethereum experienced a contrasting influx of $14.06 million. This divergence underscores varied investor strategies and confidence levels within the digital asset class.
Current trading prices for key cryptocurrencies stood at $76,186.67 for Bitcoin, $2,257.85 for Ethereum, $96.90 for Solana, $1.59 for XRP, $0.1075 for Dogecoin, and $0.056783 for Shiba Inu. The sector of meme coins, in particular, extended recent losses, declining by 2.1% to a market capitalization of $37 billion. This performance echoes the wider risk-averse stance adopted across the market.
Market commentary from experts highlights the bearish momentum dominating Bitcoin's price action. Crypto trader Jelle noted the breakdown of Bitcoin's bear flag pattern, which has precipitated continued downward pressure. Depending on specific technical criteria, Bitcoin may have either already reached its target on the downside or could face an additional drop nearing $10,000.
Despite this bearish outlook, Jelle acknowledged that a short-term rebound would be plausible. However, caution was advised regarding any upward movement toward $80,000, as this level may encounter strong resistance and potential rejection.
Meanwhile, analyst Cyril-DeFi emphasized that Bitcoin's price had reverted to the critical 2021 highs zone ranging between $70,000 and $80,000. This area is considered a decisive juncture on the weekly chart, where maintaining price levels within this zone upon weekly closes would signal the establishment of a higher low consistent with a broader upward trend. Conversely, a clear breach below this range could catalyze a steeper decline along with liquidity sweeps at lower price points.
Turning to Ethereum, crypto analyst Dami-Defi reported a confirmed breakdown on the daily charts following a loss of the rising support line near $2,800. The selloff culminated in a sharp dip toward a significant demand zone centered around $2,150. This price level now commands attention as a critical pivot point for Ethereum's near-term outlook.
If Ethereum holds above this major support, Dami-Defi suggested the possibility of a liquidity sweep and market reset, potentially leading to a consolidation phase bounded between $2,150 and $2,700. For a meaningful bullish reversal to manifest, regaining and sustaining strength above $2,700 and subsequently $2,850 would be necessary.
In the case of Solana, chart analyst Ali Martinez identified notable support levels at approximately $74.11 and $50.18. These price points are likely reachable should the current downward pressure persist, signaling potential areas where buyers may intervene.
Regarding Dogecoin, trader GalaxyBTC observed it approaching a long-term accumulation zone. This proximity fuels expectations that a robust Dogecoin recovery next year could act as a catalyst for a more extensive altcoin seasonal rally. Such alt seasons have historically been contingent on significant Dogecoin strength, indicating its influential role within this subset of the crypto market.
The current environment highlights the complexity and interrelation of price dynamics across different cryptocurrencies amid a risk-averse and fearful market atmosphere. Investors remain attentive to critical technical levels and ETF flow patterns, which collectively shape near-term trajectories and strategic positioning in digital assets.