The crypto market is trading near $2.58 trillion, down 1% in 24 hours. Traders are nervous before the US midterms, and the fallout from the Binance hack is still weighing on mood. Bitcoin sli
The crypto market is trading near $2.58 trillion, down 1% in 24 hours. Traders are nervous before the US midterms, and the fallout from the Binance hack is still weighing on mood.
Bitcoin slipped about 1% to around $77,000. Ethereum lost 0.56% but held $2,250. XRP is fighting to keep $1.25.
The Crypto Fear & Greed Index now reads 26, which is Fear. It was 37 yesterday and 48 last week, a Neutral reading. Last month it stood at 65, or Greed.
Leverage took the hit. Liquidations reached $386.42 million in 24 hours, and 94,909 traders were wiped out. Longs made up 88.2%, or $340.74 million. Shorts were 11.8%, or $45.68 million.
The pain was not even across the clock. Over the past 12 hours, longs lost $66.34 million. In the last hour and the last four hours, shorts took more of the hit.
Period
Total Liquidated
Longs
Shorts
1 hour
$5.78M
$540.06K
$5.24M
4 hours
$19.21M
$8.33M
$10.88M
12 hours
$85.16M
$66.34M
$18.82M
24 hours
$386.42M
$340.74M
$45.68M
Binance accounted for 49.3% of the liquidations. The largest single order was an $8.78 million BTCUSDT long on Binance at $76,599.68.
Asset
24H Liquidations
Long Share
Bitcoin (BTC)
$101.20M
90.6%
Ethereum (ETH)
$49.33M
75.7%
Solana (SOL)
$23.42M
n/a
SNDK
$16.45M
n/a
ZEC
$14.55M
n/a
SOXL
$14.45M
n/a
HYPE
$10.50M
n/a
NEAR
$10.14M
n/a
Other coins
$52.74M
87.5%
Bitcoin alone made up about a quarter of the total. SNDK, ZEC, and SOXL also saw big liquidations, which shows the stress went well beyond the top coins.
Asset
1-Day Flow
30-Day Flow
BTC
-$398.62M
-$1.21B
ETH
-$139.80M
-$1.65B
XRP
-$529.51K
+$17.52M
Data as of Nov. 2.
Asset
Cumulative Net Inflow
Net Assets
ETF % of Market Cap
Value Traded
BTC
$56.60B
$98.12B
6.33%
$1.99B
ETH
$12.15B
$13.18B
4.75%
$577.77M
XRP
$1.81B
$1.42B
1.79%
$18.26M
Bitcoin's market cap sits at $1.55 trillion. Ethereum's is $277.63 billion, and XRP's is $79.59 billion.
Short-term demand from big money looks softer for BTC and ETH. XRP funds still show small inflows over 30 days, though the one-day flow was slightly negative.
Analyst Michaël van de Poppe sees $75,000 as an "obvious long" zone. He points to a clear rejection at $79,000 that pushed price back toward the lows. He also thinks the US midterms could mark a low in a "sell the rumor, buy the news" move.
If selling speeds up after the Binance hack and the election, $73,000 is the next level to watch. That is near the short-term holder cost basis.
Level
Why It Matters
$79,000
Clear rejection, key resistance
$77,600
Area tested late Sunday
$76,600
Current trading zone
$75,000
Dip-buy zone flagged by van de Poppe
$73,000
Short-term holder cost basis
A bounce above $77,600 would ease some pressure. A break below $75,000 would put $73,000 in focus.
The setup can flip fast, so traders should watch the weekly close.
One trader says ETH, near $2,287, is approaching a major higher-timeframe decision zone. He sees current levels as a decent entry.
His ideal accumulation zone is $1,800 to $1,900. That is where a bullish order block meets a fair value gap. He wants a liquidity sweep and bullish confirmation first.
If that plan works, his long-term targets are $2,700, $3,200, $4,400, $6,000, and $10,000.
These are one trader's views, not forecasts. ETH could move either way.
XRP trades at $1.2527, down 0.68% in 24 hours. Market cap is $79.01 billion, with 63.35 billion coins in circulation. Spot volume is $360.48 million.
Price has moved sideways for three days after a sharp drop last week. The 4-hour Bollinger Bands have squeezed to their narrowest level since August. The last time that happened, the token jumped 71% in just three days.
A squeeze does not show direction, though. It only says a bigger move may be close.
Analyst Ali Charts shared the 4-hour chart with the tight bands. A close above $1.27 is bullish for him, and a close below $1.23 is bearish.
Level
Price
What It Means
Bullish trigger
4H close above $1.27
Buyers may gain control
Bearish trigger
4H close below $1.23
Sellers may take over
No-trade zone
$1.23 to $1.27
Price is stuck in a range
First recovery test
$1.28 to $1.30
Early sign of a bounce
Stronger resistance
$1.33 to $1.36
Heavy supply area
Major overhead level
$1.50
Dashed line on the daily chart
Support zone
$1.24 to $1.22
Break could open at $1.20 and $1.15
On the daily chart, XRP has broken below its descending channel support. It now trades under all four major moving averages.
Indicator
Value
20 EMA
$1.3006
50 EMA
$1.3366
100 EMA
$1.3243
200 EMA
$1.3637
RSI (14)
37.45
RSI average
39.87
The RSI sits below its own average, so momentum still favors sellers. Still, the last three candles are small. That hints at a pause, and a short relief bounce is possible.
If $1.24 to $1.22 fails, the next stops are $1.20 and then $1.15. A daily breakout above $1.28 to $1.30 would be the first real sign of recovery. The $1.50 level is far above for now.
The next move likely depends on the election result, ETF flows, and the Fed. Nothing is certain here.
If buyers defend $75,000 for Bitcoin and $1.22 for XRP, a recovery after the US midterms is possible. If not, deeper dips are on the table.
This article is for information only and is not financial advice. Crypto is volatile, and you can lose money. Do your own research before trading.
