Cryptocurrency markets are down on Monday after Bitcoin peaked above $105,000 in early trading hours.

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 3% and daily active addresses falling by 7.4%. Transactions greater than $100,000 are down from 9,463 to 8,934 in a single day. Exchanges netflows are down by 388.7%.
• Coinglass data reports 178,950 traders were liquidated in the past 24 hours for $556.54 million. Bitcoin long liquidations spiked to the highest level since April 7.
• Bitcoin held by U.S. spot ETFs has climbed to 1.175 million BTC, just 6,500 BTC shy of its all-time high of 1.182 million, according to Glassnode data.
• Crypto chart analyst Ali Martinez reports Bitcoin miners having realized over $10.37 million in profits, signaling improved miner profitability.
• Sentora notes that after Bitcoin surpassed $100,000, exchange flows turned sharply negative with $550 million in BTC withdrawn on Friday alone, indicating strong accumulation by investors.

Notable Developments:

• EXCLUSIVE: DeFi Development Makes Record Solana Purchase, Surpasses $100 Million In Treasury Holdings
• Stanford Warns Future Of Crypto Depends On Regulation, Quantum-Safe Systems, Digital Dollar Competition
• Coinbase’s Subscription Gains, Deribit Acquisition, Blockchain Revenue Strength Prompt Analyst Support
• Nakamoto Holdings Raises $710M, Merges With KindlyMD To Build Bitcoin Treasury Holding Company
• Strategy Buys $1.34B In Bitcoin At $99,856, Cites 15.5% BTC Yield
• Billionaire Tim Draper Says Businesses That Are Not Holding Bitcoin In Their Treasuries Are ‘Being Irresponsible’
• Cathie Wood Highlights Analyst’s Take: ‘More Than Humans, Crypto Was Made For AI’

Top Gainers:

Trader Notes: Altcoin Sherpa remains bullish on Bitcoin long-term but warns of a likely pullback in the short term, though the timing and depth remain unclear.

Voicing a similar opinion, Sherpa advised that if anyone is looking to buy Bitcoin for long-term positions and aren’t very active, it’s probably best to wait for a dip, potentially to the low to mid $90,000s.

ShardiB2 points to $103,400 as a critical daily close level. A close above would invalidate a potential local top, but advises caution for longs at current levels, noting higher time frame signals are more reliable.

Meanwhile, Kaleo speculates whether Bitcoin is positioning itself for a massive upside scenario, potentially spiking to $520,000 in the longer term.

The Cryptomist sees Bitcoin CME gap having been filled, and the user now expects BTC to move toward $108,000. Altcoins are anticipated to follow the upward move.

Read Next: 

• Scottie Pippen Declares ‘Altcoin Season’ As Ethereum, XRP, Dogecoin, Shiba Inu Rally

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