Bitcoin, Ethereum, XRP, Dogecoin Dip Due To Macro Uncertainty – Bearish Signals Flash For BTC

The crypto market is under pressure as macro headwinds resurface. The ADP employment report indicates a slowdown in hiring, and renewed tariff uncertainty is shaking investor sentiment.

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 11.3%, with daily active addresses falling by 14.6%. Transactions greater than $100,000 are down from 11,969 to 11,237 in a single day. Exchanges netflows are down by 87.6%.
• Coinglass data reports that 114,092 traders were liquidated in the past 24 hours, with a total liquidation value of $334.11 million.
• Glassnode data shows Bitcoin’s largest holders have shifted back to accumulation after a brief distribution phase. All wallet cohorts are buying, with the most aggressive accumulation seen in the 10–100 BTC and sub-1 BTC groups, both hitting the maximum accumulation score of 1.0.

Notable Developments:

• Circle Surges To $69 In NYSE Debut, Raising $1.1B As Investors Bet On Stablecoins Going Mainstream
• Bitcoin Stock Strategy— Buy Or Sell? What Technicals Reveal For Michael Saylor’s MSTR?
• Bitcoin Becomes Corporate Treasury Favorite, ETH, SOL, XRP Far Behind: Report
• Bitcoin At $105,000: Bull Market Correction Or Bear Market Beginning?
• Bitcoin Bull Run On The Brink As Long-Term Holders Accelerate Profit-Taking: Report
• Global X Debuts Covered Call Bitcoin ETF, Aims To Keep Volatility In Check

Top Losers:

Trader Notes: Crypto trader Kevin has been warning for weeks that Bitcoin is in a critical danger zone below $106,800. He urges traders to avoid overanalyzing and instead approach the market with maximum caution. This is not the time for false optimism, he stressed.

In a follow-up post, Kevin outlined two scenarios:

Bearish case: A breakdown below $100,000–$103,000 could trigger a ~5% drop, aligning with the 0.5 Fib level and the daily super trend.

Bullish case: A reclaim of $106,800 would likely mark a scary but healthy retest, signaling a recovery.

He also flagged a key warning that multiple daily closes below $829 billion on Total 3 (altcoin market cap excluding BTC and ETH) would confirm a broader altcoin breakdown.

Crypto chart analyst Ali Martinez pointed out that Bitcoin's MVRV Ratio has slipped below its 200-day SMA, historically a sign of growing bearish momentum and elevated downside risk.

Adding to the cautious tone, Rekt Capital noted Bitcoin is now in a transitional phase, attempting a post-breakout retest of its re-accumulation range. Successfully holding this zone would confirm the shift into a new Price Discovery Uptrend (Phase 2). However, volatile deviations could occur before confirmation.

Read Next:

• Could Bitcoin Plummet To $90,000 Soon?

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