Bitcoin (BTC) bounced back from a punishing week, climbing above $84,000 even as the crypto market remains firmly in the grip of extreme fear. The recovery is real, but so is the wreckage—nearly $2 billion in liquidations over 24 hours tells you just how volatile things have gotten.
Here's where the major cryptocurrencies stood:
| Cryptocurrency | Ticker | Price |
| Bitcoin | BTC | $84,657.01 |
| Ethereum | ETH | $2,774.35 |
| Solana | SOL | $129.12 |
| XRP | XRP | $1.96 |
| Dogecoin | DOGE | $0.1408 |
| Shiba Inu | SHIB | $0.057864 |
The Damage Report:
According to Coinglass data, 361,653 traders were liquidated in the past 24 hours for $1.85 billion. That's not a typo. Among the biggest losers were Dash, Decred, and Zcash, which got hammered particularly hard.
What's Happening Behind the Scenes:
The crypto landscape has been chaotic. Tom Lee argued the recent crash wasn't macroeconomic at all, but rather a "software bug." Meanwhile, Coinbase acquired Solana's Vector project, though the stock itself is flashing major sell signals. Ripple is proposing significant technical changes, but XRP flows are raising eyebrows. Dogecoin enthusiasts celebrated the debut of a new ETF designed to multiply returns. And Jim Cramer called the market bounce nonsensical as Bitcoin reeled from that billion-dollar liquidation wave.
What the Traders Are Saying:
Rekt Capital points out that Bitcoin is hovering just below its crucial Four-Year Cycle level near $93,000—an unusually deep pullback for this phase. That said, history shows Bitcoin often closes the year above this threshold, which means 2025 could still finish green before the typical cycle cooldown arrives in 2026.
Altcoin Sherpa isn't convinced the bottom is in. If this is the local low, he argues the ideal entry point sits slightly lower. But his broader read on the trend suggests more downside is coming before any real reversal takes hold.
Trader Dom notes this pullback feels different from anything else in the current cycle. A historically reliable metric that has flagged every major bottom since 2023 triggered earlier this week—but this time, price didn't bounce. Still, he sees conditions gradually improving for a relief rally and expects the weekend to provide clearer signals on direction.
So Bitcoin is back above $84,000, but the mood is still dark. The liquidations are massive, the technical levels are precarious, and most analysts are bracing for more pain before any sustained recovery begins. Welcome to crypto in 2025.
