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Bitcoin At $80,000, But Ethereum, XRP, Dogecoin Lose Steam After Short Sell Squeeze Fades

Bitcoin continues to hold above $80,000 as Bitcoin ETFs saw $46.3 million in net inflows on Wednesday, while Ethereum ETFs reported $11.6 million in net inflows.    

Meme coin market capitalization is trading 1.4% higher to $39.8 billion over the past 24 hours.

Trader Commentary: 

Crypto chart analyst Ali Martinez said Bitcoin appears to have absorbed bearish liquidity positioned between $80,000 and $84,000, suggesting short sellers in that range may have been squeezed out.

Focus is now shifting to lower levels, where liquidity clusters worth more than $55 million remain concentrated around $75,000, $73,000 and $70,000. These areas could act as important support zones or potential…

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