Overview
- BTC slipped in Asian trading after another rejection near $107,000–$107,500, with technicians saying a close above roughly $107,250 is needed to revive upside momentum.
- CoinDesk flags a looming 50/200-day moving-average ‘death cross’, though the last three such signals in 2023–2025 proved false without confirmation.
- 10x Research reports about 5.9 million BTC moved in the $100,000–$126,000 band, warning a break of $100,000 could accelerate selling into a liquidity gap around $93,000 with ETF entry costs near $90,000 at risk.
- CryptoQuant notes a falling Stablecoin Supply Ratio and rising reserves, pointing to growing dry powder even as derivatives data show position rotation rather than fresh risk-taking.
- Altcoins split: Ether dropped below $3,590 support on heavy volume, while XRP gained support from amended spot ETF S-1s and DTCC listings that investors view as progress toward potential U.S. launches.