Here Are the 3 Make-Or-Break Bitcoin Price Floors as BTC Sell-off Gathers Steam
Analysts pointed to three key resistance price levels that could shape the cryptocurrency's near-term trend.
Analysts pointed to three key resistance price levels that could shape the cryptocurrency's near-term trend.
[Matrixport: Low ETH Trading Volume May Increase Forced Liquidation Risk] According to a report by Jinse Finance, Matrixport stated that despite a favorable macro environment, Ethereum's current trading volume has significantly declined, which may heighten the risk of forced liquidations. Data shows that the open interest for ETH remains at the $14.6 billion level, while trading volume continues to be sluggish. Analysts warn that under the backdrop of rising U.S. Treasury yields following the Federal Reserve's FOMO meeting, market pressure is further intensifying. If the price breaks below key technical support levels, it could trigger a chain of stop-losses, leading to rapid deleveraging. Investors are advised to manage risk exposure and maintain a cautious stance.
[Whale Address Adds 3,372 ETH Long Positions, Total Holdings Approx. $29.83M] According to HyperInsight monitoring, the whale address starting with 0x8fc added 3,372 ETH long positions, increasing its holdings by approximately $14.13M. The current liquidation price is around $4,029.4. The total holdings of this address are approximately $29.83M, including $14.87M in BTC long positions and $14.13M in ETH long positions.
Binance SOL/USDT is currently trading at $220.11, with a 5-minute increase of 0.39%. Please be aware of market fluctuations.
OKX-BTC/USDT is currently trading at $113000, with a 5-minute increase of 0.03%. Please be aware of market fluctuations.
[Crypto Market Trends Diverge, Web3 and AI Innovation Projects See Rising Funding Interest] According to the latest crypto weekly report from Gate Ventures, the crypto market showed mixed performance following the Federal Reserve's announcement of a 25 basis point rate cut to 4–4.25%. Bitcoin prices remained generally stable, Ethereum experienced a slight pullback, and the altcoin sector saw a modest decline. Meanwhile, macroeconomic data such as GDP and the core PCE index remain key focal points for the market. This week, total crypto venture funding reached $741 million, a year-over-year increase of 25%. Web3 and AI innovation projects continue to attract significant investment attention. Google introduced the AP2 universal payment protocol, which provides stablecoin and fiat payment functionality for AI agents, with support from Mastercard and Coinbase. Additionally, the Ethereum Foundation established a "dAI" division and launched the ERC-8004 standard, aiming to position Ethereum as the settlement layer for AI. The Solana ecosystem also showed strong activity, with Helius Medical raising over $500 million, further fueling the venture capital boom.