- Ethereum fell toward $2,900 after losing support at $3,170–$3,200, pushing heavy liquidations.
- Total market liquidations over the past 24 hours reached about $197.4 million, with roughly $61 million in ETH positions.
- On-chain signals for Bitcoin showed caution as its market-cap lead over altcoins narrowed and short-term investors exited.
- Dogecoin traded near $0.12 ahead of the 21Shares DOGE spot ETF debut, with most recent liquidations largely from longs.
- Major altcoins stayed muted, with tron one of the few tokens showing daily gains while retail sentiment remained mostly bearish.
Early Friday, crypto markets weakened as Ethereum dropped toward $2,900 and broader selling produced roughly $197.4 million in total liquidations, according to data from CoinGlass. Traders pointed to regulatory uncertainty and mixed on-chain signals as drivers of the move.
Ethereum traded around $2,956, down about 2.2% in 24 hours and more than 10.9% over seven days. Liquidations tied to ETH totaled about $61 million, roughly $48.3 million in longs and $11.4 million in shorts, and retail sentiment on Stocktwits remained bearish. A trader on X warned that, "sellers win as long as Ethereum stays below $3,200," and said bounces may be sold into; the trader’s post is available here.
Political developments added pressure as lawmakers debated market structure and protection for the industry; Senator Cynthia Lummis said the CLARITY Act needs to move forward, a post visible here. Reporters noted lawmakers had not yet reached a deal, leaving policy uncertainty in place.
On-chain analysts flagged weakening dominance for Bitcoin, with CryptoQuant CEO Ki Young Ju saying, "Bitcoin tourists are cutting losses." Bitcoin traded near $89,895, up about 1% in 24 hours, while BTC-related liquidations were roughly $41.7 million, including about $34.3 million in longs and $7.4 million in shorts. Retail sentiment around BTC on Stocktwits moved to bearish as chatter fell to normal levels.
Altcoins were mostly quiet. Solana traded near $128 with about $6.5 million liquidated, XRP near $1.91 with roughly $2.5 million liquidated, and Dogecoin around $0.12 with over $1.6 million in liquidations—about 84.15% on the long side—as the 21Shares DOGE spot ETF prepared to begin trading. BNB was near $889 with around $725k liquidated, Cardano near $0.36 with about $600k liquidated, and TRON traded near $0.308, up about 2.5% with balanced small liquidations roughly $54.7k longs and $54.3k shorts.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Bitcoin Nets 69,000 BTC in Realized Losses; Market Cautious.
- SEC’s Paul Atkins, CFTC’s Michael Selig to Discuss US Crypto
- Tesla market share falls to 9.9% in California; Toyota grows
- Capital One to Buy Brex for $5.15B Boosting Business Crypto.
- Nasdaq Removes Options Limits on Spot Bitcoin and Ether ETFs
