Cryptocurrency markets are sliding on Tuesday as producer price pressures weigh on the market.

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 68.6% and daily active addresses falling by 0.01%. Transactions greater than $100,000 are up from 7,116 11,574 to in a single day. Exchanges netflows are up by 231.8%.
• Coinglass data reports 136,773 traders were liquidated in the past 24 hours for $409.57 million. Long liquidations at $344.6 million were the highest since Dec. 20.

Notable Developments:

Top Losers:

Trader Notes: As Bitcoin drops below the $100,000 mark, crypto trader Michael van de Poppe notes that the ongoing BTC chop could signal a consolidation phase.

He concluded, “Correction over? Expect a market-wide bounce, with the strongest altcoins bouncing back the most.”

Crypto chart analyst Ali Martinez pointed out that the TD Sequential indicator is flashing a buy signal on the BTC hourly chart.

If the $97,000 support holds, Bitcoin is likely to rebound.

However, if it falls below this level, it could drop further to $92,000.

More Crypto Online suggests that traders should focus on potential support breaks, treating levels as key decision points rather than making predictions.

A dip to $85,000 may be expected if support is lost, but aggressive trades should be avoided until a reversal signal confirms support.

Castillo Trading advises that with Inauguration Day just two weeks away, patience is crucial.

He recommends holding off on trades until a potential retest of the $93,527 level.

Although higher levels are the target, the recent selloff suggests a possible chop and gradual fade following the $100,000 rejection.

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