Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Major cryptocurrencies are trading lower in early Thursday hours despite ongoing institutional demand and cooling inflation data.
Sentiment has shifted sharply, with the Crypto Fear & Greed Index entering the ‘Greed’ zone, raising questions whether this pullback signals a phase of profit-taking and consolidation following the robust rally over the past few weeks.
|
Cryptocurrency |
Price   |
Gains +/- |
|
Bitcoin (CRYPTO: BTC) |
$101,782.26 |
-1.9% |
|
Ethereum (CRYPTO: ETH) |
$2,537.22 |
-2.3% |
|
Solana (CRYPTO: SOL) |
$169.23 |
-5.7% |
|
XRP (CRYPTO: XRP) |
$2.45 |
-5.6% |
|
Dogecoin (CRYPTO: DOGE) |
$0.2232 |
-5.2% |
|
Shiba Inu (CRYPTO: SHIB) |
$0.00001484 |
-7.1% |
Notable Statistics:
-
IntoTheBlock data shows Bitcoin and Ethereum large transaction volume dropped 5.1% and 0.2%, respectively, in a single day. While ETH shows a 240% rise in exchange netflows, Bitcoin’s daily active addresses are down 1.9%.
-
Coinglass data shows 157,967 traders were liquidated in the past 24 hours for $346.93 million.
-
SoSoValue data shows that spot Bitcoin ETFs saw a net inflow of $319.6 million, while spot Ethereum ETFs saw a $63.5 million net inflow.
-
Santiment data shows the daily average of new wallet creations over the past month: Bitcoin leads with 309,000 new wallets per day, followed by Ethereum at 112,000, USDT at 36,400, and XRP with 3,500 daily.
-
According to CoinMarketCap, the Crypto Fear & Greed Index has surged to 71, entering the Greed zone, up sharply from the neutral range (40–60) recorded in early May.
Trader Notes: Bitcoin is finding key support around $101,600, according to crypto chart analyst Ali Martinez.
Don’t Miss:
Meanwhile, trader Adam observed that Bitcoin appears exhausted after its climb to $105,000, with open interest returning to levels seen near previous all-time highs.
