TL;DR
Bitcoin reclaimed the $111,000 level in Wednesday’s session, posting only a 0.3% increase in a market that saw a slight overall rebound. Total cryptocurrency market capitalization reached $3.85 trillion after rising 0.55%.
Liquidations amounted to $246.94 million over the past 24 hours, affecting more than 109,000 traders. At the same time, SoSoValue data showed net outflows of $332.8 million from Bitcoin ETFs and $135.4 million from Ethereum ETFs, reflecting profit-taking as prices attempt to consolidate at new levels.
Technical analysts highlighted that Bitcoin’s rebound marks its first sign of strength in weeks. Holding above this level could signal the start of stabilization, while a move past $120,000 would confirm the return of a strong bullish cycle. Some experts also noted that closing a daily candle above a multi-week downtrend signals a solid technical breakout, and any retest of that line should act as confirmation of its validity.
Ethereum traded at $4,375 after breaking out of a long-term consolidation pattern and successfully retesting it. Experts pointed out that ETH sits at a critical juncture: if it breaks above the 20-week exponential moving average, it could move toward new all-time highs. On the other hand, a dip below $4,000 would open an attractive buying range for those seeking to accumulate at lower levels.
XRP held around $2.85 and maintains a target of $4.80 as long as support at $2.47 remains intact, leaving room for an upside of nearly 66%. Solana climbed to $210 and drew attention from analysts who consider it one of the strongest assets right now. Its ascending support line and the 200-period 4-hour EMA, positioned near $190, are seen as a key accumulation zone, with strong trading volumes supporting its trend. Dogecoin, meanwhile, showed signs of gearing up for a potential move, though direction has yet to be confirmed.
The coming days will be decisive in determining whether Bitcoin and Ethereum consolidate a recovery or face renewed corrections
