The Bitcoin Stablecoin Supply Ratio (SSR) has entered the buy zone, according to CryptoQuant analyst Maartunn. Historical data shows this signal often coincides with market bottoms or price increases, though outcomes can vary. Recent data also highlights a sharp decline in SSR RSI and dormant Bitcoin movements, suggesting potential market shifts.

On-chain analytics firm Glassnode has identified a critical Bitcoin price range between $111,000 and $117,000 based on investor cost basis. The $111,000 level reflects strong buying during recent downturns, while $117,000 corresponds to purchases near all-time highs. A retest of these levels may trigger significant market reactions depending on direction and sentiment.

Cryptocurrency short positions saw nearly $360 million in liquidations over the past 24 hours as markets rebounded. Bitcoin rose above $116,000 and Ethereum briefly hit $4,250 before modest pullbacks. Total derivative liquidations reached approximately $467 million, according to CoinGlass. Bearish bets made up 76.6% of the total, with Bitcoin and Ethereum accounting for the largest shares.

On-chain data show the Ethereum MVRV Ratio has formed a death cross, a bearish signal that previously preceded a drop from $3,300 to $1,400. Analyst Ali Martinez highlighted the crossover between the ratio and its 160-day moving average. Ethereum is currently trading near $4,000, down 2% over the past week.

Technical analyst identifies an Ascending Channel pattern on Dogecoin's 12-hour chart, suggesting potential for significant price appreciation to $0.33 if the current $0.19 support level holds firm amid recent 24% weekly decline.

On-chain metrics reveal XRP whales have maintained significant negative outflows, averaging $50 million daily over the past month. This persistent selling pressure coincides with the cryptocurrency's inability to rally alongside Bitcoin and other digital assets.

Despite Dogecoin's 18% price decline over the past week, on-chain data reveals a significant whale withdrawal of 122.4 million DOGE (valued at approximately $28.5 million) from Binance to a self-custodial wallet. This movement coincides with broader whale accumulation trends, as large holders have added 2 billion DOGE to their portfolios in recent days.