Bitcoin Surges Past $111,000, Ethereum, XRP, Dogecoin Hold Gains

Cryptocurrency markets are surging, driven by institutional demand and strong ETF inflows, while retail participation remains muted, a factor that could still fuel further upside.

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 22.1% and daily active addresses grew by 7.7%. Transactions greater than $100,000 are up from 11,939 to 14,030 in a single day. Exchanges netflows are up by 332.7%.
• Coinglass data reports 98,027 traders were liquidated in the past 24 hours for $328.86 million.

Notable Developments:

• Cardano Price Surges Amid $600M ADA Misuse Allegations And Major Bitcoin Integration
• Kraken To Launch 24/7 Tokenized Stock Trading For Global Users Via Solana
• Anthony Scaramucci Says Thin Supply Is Driving Bitcoin To New All-Time Highs
• Unicoin CEO Alex Konanykhin Calls SEC Fraud Charges ‘Blatantly False,’ Vows To Fight In Court
• Strategy Unveils $2.1B At-The-Market Program To Acquire More Bitcoin

Top Gainers:

Trader Notes:  CryptoCon pegs the next key level at $115,000, aligning with Magic Bands Level 3, and projects the Cycle Top Band at $155,000, though he expects that to shift higher, potentially exceeding $200,000 as new all-time highs are formed.

While the parabolic phase of the bull market hasn't kicked off yet, CryptoCon believes it's approaching fast.

Get Started

Trade Bitcoin, Ethereum, and More Instantly — No Wallets, No Hassle

Speculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500.

Get Started

Disclosure: 82% of retail CFD accounts lose money

Meanwhile, Trader Mayne emphasizes Bitcoin’s delicate position at its prior all-time high.

Sustained consolidation above this level is viewed as a bullish signal, while a rejection below could open the door for a significant correction. He calls it "the key level to watch."

More Crypto Online also sees signs of strength, suggesting Bitcoin may be starting its next breakout move, pointing to a “circle wave 3” target of $115,000.

Adding a dose of realism, Crypto Seth reminds traders that pullbacks are normal in any rally.

When retail gets overly long, market makers often flush out excessive leverage, typically wiping out $1.5 billion–$2 billion in open interest, to rebalance the market.

He stresses that markets rarely offer "easy wins" for speculators.

Read Next: 

• Bitcoin To $120,000 Next? Here’s What Technical Analysis Says

Image: Shutterstock