According to CoinGlass, more than $462 million in crypto derivatives were liquidated over the past 24 hours as Bitcoin slid under $89,600 and hovered near $89,500, down 2%. Long positions made up $418 million, over 90% of the total, with about $132 million tied to BTC, $116 million to ETH, and $24 million to ZEC.

CryptoQuant founder and CEO Ki Young Ju has argued that Bitcoin is unlikely to suffer a bear‑market style plunge of more than 50% from its all‑time high and instead could trade sideways for the coming months. He pointed to a recent slowdown and slight decline in Bitcoin’s Realized Cap, along with falling retail transaction volume under $10,000, as signs that capital inflows have weakened. Bitcoin is currently trading around $89,900, about 2% higher over the past week.

Data from the Bitcoin Fear & Greed Index shows market sentiment has shifted from extreme fear toward a more neutral stance as prices recovered recently. The index, currently at 42 on a 0–100 scale, indicates lingering fear but is close to the neutral band between 47 and 53. Bitcoin briefly traded above $94,000 earlier in the week before retreating to around $92,000, leaving traders split on the market's next direction.

After a period of net selling, on-chain indicators attributed to Charles Edwards suggest institutional investors have shifted back to net accumulation of Bitcoin. Historically, Bitcoin has seen an average gain of 109% following similar institutional net buying signals, including a 41% rise after the signal in the first half of 2025, while the price is now hovering near $93,800.

PEPE rallied more than 60% at the start of 2026, briefly hitting $0.00000725 on Sunday before easing to around $0.00000676. Analyst Ali Martinez said on X the advance may be a retest of a prior Head-and-Shoulders breakdown, cautioning a potential move toward $0.0000015. Dogecoin and Shiba Inu also rose 17% and 15% over the week.

CryptoQuant head of research Julio Moreno has outlined on X that Bitcoin's market cycles are better defined by demand dynamics than by price moves. Using the Apparent Demand metric, which compares miner issuance with changes in 1-year dormant supply, he notes the 30-day reading has turned negative while the yearly value is declining. At the same time, net flows into US spot Bitcoin ETFs have recently been negative, and Bitcoin is consolidating around the $88,000 mark.

Analyst Ali Martinez has outlined how XRP could slide toward $0.80, citing several on-chain indicators. He points to a sharp drop in daily active addresses to about 38,500 and recent whale selling of roughly 40 million tokens as signs of fading interest and weaker confidence. Martinez adds that losing the $1.77 support level could open the way to the next major demand zone near $0.80, with XRP trading around $1.86 at the time of his analysis.

CryptoQuant analyst Maartunn reports that the Bitcoin Coinbase Premium Gap has dropped deep into negative territory, reaching one of its lowest readings in 18 months. The metric now shows BTC trading at a $122 discount on Coinbase versus Binance, pointing to weaker US-based demand even as the spot price moves sideways around $88,900. This rare discount suggests American institutional and large traders are exerting more selling or less buying pressure than offshore counterparts.

Analytics firm Santiment reports that social media sentiment around Bitcoin has shifted back toward optimism, with bullish mentions now outnumbering bearish ones. Historical patterns suggest that such waves of greed have often aligned with local tops, even as Bitcoin currently consolidates around $88,000. Session-based return data shared by CryptoQuant analyst Maartunn indicates flat performance across US, European, and Asia-Pacific trading hours.