Analysts are taking notice of Bitcoin after Ethereum's accumulation patterns where Tom Lee noted that Ethereum has repeatedly recovered in a V-shape after significant declines.
CryptoQuant noted that retail capitulation at this scale has historically appeared during late-stage corrections, though it does not necessarily signal an immediate rebound.
In a post on X, the BitMEX co-founder suggested that Blue Owl's halt of redemptions for retail investors is a sign of a growing liquidity crunch in markets.
Robinhood Chain is a Layer-2 network built on Ethereum, and its testnet allows users to experiment with applications before the planned mainnet rollout later this year.
The overall cryptocurrency market fell 1.5% in the last 24 hours to $2.3 trillion and data showed around $223 million in liquidations over the past day.
Analyst Willy Woo said macro bottoms often followed repeated volatility spikes and retail capitulation, suggesting any near-term bounce could be temporary.
Logan Paul sold a rare Pikachu Pokemon card for $16.5 million, setting a record for the collectible. Paul said only 5.4% of the intended 51% stake was sold, raising about $270,000, which he later repurchased.
In a post on X, Kevin O’Leary said the correction in crypto prices since October has eliminated smaller “poo poo” coins, which “got dumped accordingly.”
A crypto influencer argued the proposed U.S. crypto bill may favor banks and challenge crypto-native firms, disputing claims of massive capital inflows.
Ethereum’s price remained below $2,000, with analysts warning that the risk of a deeper correction increases if the token fails to reclaim that level soon.
