Bitcoin is hovering around $66,000 as Bitcoin ETFs saw $133.3 million in net outflows on Wednesday, while Ethereum ETFs reported $41.8 million in net outflows.
The meme coin sector fell 4.1% over the past 24 hours to a market cap of $34.4 billion.
Trader Commentary:
Trader Dami-Defi said if Bitcoin posts a fifth straight red weekly candle and fails to reclaim $70,800 on a weekly close, bearish momentum likely persists. In that scenario, a breakdown toward $53,000 becomes increasingly probable. “This week’s close is critical,” he noted.
Crypto chart analyst Ali Martinez added that on lower time frames, Bitcoin is consolidating within a channel, with $67,400 acting as key resistance. A break above that level could trigger a short-term breakout.
Ethereum is on pace to close six consecutive red monthly candles, according to trader Niels. Since January 2025, ETH has logged just three green months out of 13, underscoring sustained weakness and fading momentum.
Solana is forming a multi-year cup-and-handle pattern on the monthly chart, said Bitcoinsensus. The cup appears complete, with price now shaping the handle inside a falling channel. Key support sits near $80, while a decisive breakout above the $200-$250 range would confirm continuation and potentially open the door to new all-time highs.
Crypto Tony sees XRP is in a clear downtrend. He expects further downside and views short-term rallies as potential shorting opportunities rather than signs of reversal.
Dogecoin is forming what Trader Tardigrade calls a third major monthly base, similar to prior structures that preceded parabolic rallies. After extended consolidation and accumulation, a breakout could emerge if historical patterns repeat.
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