Bitcoin Reclaims $108,000, Ethereum, XRP, Dogecoin Follow As Traders Anticipate ‘Strong Leg Up’

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The cryptocurrency market kicked off the week on a bullish notice, with Bitcoin reclaiming the $108,000 mark, buoyed by bullish investor sentiment round cryptocurrency-related preliminary public choices.

Notable Statistics:

• IntoTheBlock knowledge exhibits massive transaction quantity reducing by 2.4% and day by day energetic addresses falling by 5%. Transactions better than $100,000 are down from 7,679 to 7,327 in a single day. Exchanges netflows are up by 179.3%.

• Coinglass knowledge studies 73,981 merchants have been liquidated prior to now 24 hours for $214.60 million.

Notable Developments:

High Gainers:

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Dealer Notes: Crypto Bully shared a easy, but efficient Monday buying and selling technique constructed round three key pillars:

Use the Weekly Open – A reclaim of this degree can sign potential longs, whereas a rejection or breakdown suggests brief setups.

Mark the Weekend Vary – Determine Saturday–Sunday highs and lows to outline short-term boundaries.

Watch Open Curiosity (OI) – Entry indicators typically emerge when OI builds up after which flushes.

In accordance with Santiment, Bitcoin’s sharp bounce from close to $100,000 again to $108,000 has sparked a retail FOMO wave, with the second-largest spike in crowd pleasure seen in two weeks. Simply days earlier, panic promoting had dominated, however now sentiment has flipped.

But, in crypto’s emotion-driven market, surging retail optimism is usually a contrarian indicator. Historic patterns present that when retail sentiment will get euphoric, warning could also be warranted.