Bitcoin fell below $80,000 over the weekend as a sharp selloff in gold and silver weighed on risk assets; liquidations stand at $821.97 million over the past 24 hours.
Bitcoin ETFs saw $509.7 million in net outflows on Friday, while Ethereum ETFs reported $252.9 million in net outflows.
The meme coin sector is down 0.4% to $37.3 billion.
Trader Commentary:
Daan Crypto Trades noted Bitcoin created a large CME gap over the weekend—likely the biggest of this cycle and the largest weekend move in months. He said the gap-close area near $84,000 is a key level to watch if price reclaims $80,000.
Crypto chart analyst Ali Martinez said multiple TD Sequential buy signals are aligning on Bitcoin, suggesting a potential rebound could be approaching.
Ethereum is also at a pivotal level. Crypto Caesar said ETH is testing a critical support zone, warning that failure to hold could open the door to another leg lower.
Bitcoin OG trader Lucky noted Solana has returned to the $100 level last seen in January 2024. If broader market conditions stabilize, he said the area could offer a rare and attractive entry.
Swing trader Jesse Olson added that a loss of XRP’s current weekly support would significantly increase the probability of a retest of the lower $1.10 region.
Binance trader BitGuru said Dogecoin is consolidating after a sharp drop and liquidity sweep. While price action remains weak, he said holding the current base could allow a bounce toward the $0.13 to $0.15 range. A breakdown, however, would likely lead to further downside.
Shibburn data showed Shiba Inu’s burn rate surged 380.5% in a single day, with roughly 4.8 million SHIB removed from circulation.
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