Cryptocurrency markets are trading lower on Wednesday as continued profit-taking weighs on the market’s short-term prospects.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $113,717.56 |
| Ethereum | (CRYPTO: ETH) | $4,218.23 |
| Solana | (CRYPTO: SOL) | $180.96 |
| XRP | (CRYPTO: XRP) | $2.90 |
| Dogecoin | (CRYPTO: DOGE) | $0.2149 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001234 |
Notable Statistics:
- Coinglass data shows 120,149 traders were liquidated in the past 24 hours for $440.29 million.
- SoSoValue data shows net outflows of $523.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $422.3 million.
Trader Notes: Willy Woo said Bitcoin’s spike to $124,500 before sliding to $112,500 was a liquidation-driven shakeout. With the MCR Risk Signal declining, liquidity is returning, …