Bitcoin, Ethereum, XRP, Dogecoin Slide Lower: 'Final Move Down Before The Recovery,' Trader Says

Cryptocurrency markets are trading lower on Tuesday, with Bitcoin tapping the $95,000 level.  

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 52.2% and daily active addresses growing by 20.2%. Transactions greater than $100,000 are up from 7,194 to 9,866 in a single day. Exchanges netflows are down by 137.2%.
• Coinglass data reports 121,611 traders were liquidated in the past 24 hours for $217.83 million.
• Martinez noted that whales recently realized almost $800 million in BTC profits.

Notable Developments:

Top Losers:

Trader Notes: With Bitcoin prices falling, crypto trader Altcoin Sherpa anticipates one final move down before recovery, expecting altcoins to retest previous lows while maintaining a relative bottom.

He remains flat on active positions but plans to bid the next dip, particularly in AI coins like ARC.

He also highlights the 100-day EMA approaching and expects the wick to be filled.

Meanwhile, CrediBULL Crypto notes that Bitcoin is holding its higher timeframe (HTF) support zone, expecting continued consolidation as long as it holds.

He anticipates a dip below $94,100, a reclaim, and a push to local supply above recent highs, but remains cautious, saying, “Let’s see how things develop.”

Crypto analyst Ali Martinez reaffirmed his earlier outlook, warning that Bitcoin, XRP, Solana and Cardano could see a brief pullback. The TD Sequential indicator is flashing a sell signal on hourly charts.