Cryptocurrency markets are trading lower on Tuesday.
| Cryptocurrency | Price | Earnings +/- |
| Bitcoin BTC/USD | $91,912.69 | -2.9% |
| Ethereum ETH/USD | $3,277.87 | -4.8% |
| Solana SOL/USD | $226.08 | -5.1% |
| Dogecoin DOGE/USD | $0.3746 | -6.8% |
| Shiba Inu SHIB/USD | $0.00002385 | -6.7% |
Notable stats:
- IntoTheBlock data shows significant transaction volume up 77.4% and daily active addresses up 16.4%. Transactions above $100,000 increased from 9,585 to 13,037 in a single day. Net trade flows are up 858.2%.
- Data from Coinglass reports that 193,074 traders were liquidated in the last 24 hours for $590.74 million.
- CryptoQuant note Long-term holders offloaded 728,000 BTC over the past 30 days, the highest sale since April.
Notable developments:
Best losers:
| Cryptocurrency | Price | Earnings +/- |
| The sandbox SAND/USD | $0.5954 | -18.6% |
| Stellar XLM/USD | $0.4344 | -14.9% |
| Manufacturer MKR/EUR | $1,689.37 | -11.7% |
Trader Notes: As the recent drop in Bitcoin prices leads to a decline in the cryptocurrency market, chart analyst Ali Martinez highlights the availability of crypto assets at “discounts.”
According to More Crypto Online, the Bitcoin correction is still ongoing.
The support at $92,802 was not invalidated, meaning the bulls could still regain momentum.
Key support levels include $88,650, with additional Fibonacci targets at $85,558 and $77,874 if the downtrend persists.
CoinDesk senior analyst James Van Straten noted a record $4 billion in panic selling of Bitcoin to exchanges, triggering liquidation cascades that allowed smart money to accumulate at discounted prices . Van Straten believes the correction, which reached 10%, could now be completed.
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