Bitcoin, Ethereum, XRP, Dogecoin Drop Over 4% As Whale Movements Shake Markets

Benzinga

Bitcoin hovered around $108K as whale activity and ETF inflows surged. Analysts see resistance at $119,750 with possible pullbacks, though patterns hint at a setup for another major bullish cycle.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Bitcoin traded steadily near $108,000 on Wednesday as major cryptocurrency saw heightened whale

00:08activity and robust ETF inflows. CoinGlass reported $565.84 million in liquidations

00:14over the past 24 hours. Analysts note Bitcoin faces resistance at $119,750,

00:21potential downside at $97,130 or $74,500 if that level isn't reclaimed.

00:27And I'll say Bitcoin is showing mixed signals, with short-term charts still leading upward

00:32despite recent liquidations and price resistance near key moving averages. Some believe the market

00:37may be setting up for a major bullish surge similar to patterns seen in past cycles.

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