Bitcoin at $82,000, Ethereum, XRP Stabilize on $1B Short Squeeze

Bitcoin rebounded to $82,000 as the 10-year U.S. Treasury yield fell sharply to 5.09% after surging to 5.36% following yesterday’s CryptocurrencyTickerPriceBitcoin$82,061Ethereum$2,435Solana$105.95XRP$1.34Dogecoin$0.08091Shiba Inu$0.055111Notable Statistics:Coinglass data shows 173,758 traders were liquidated in the past 24 hours for $929.17 million. SoSoValue data shows net outflows of $261.5 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $129.5 million.In the past 24 hours, top gainers include Akedo, Starknet and Pyth Network.Notable Developments:Bitcoin Stuck Between $80,000 and $88,000: Which Level Breaks First?Dogecoin Flashes Buy Signal Near $0.08 Support: Is a Rebound Ahead?Ripple Expands Institutional Trading With Real-World Asset Swaps Across 100 MarketsTrader Notes:Crypto analyst Lennaert Snyder noted that Bitcoin swept liquidity below $80,000 after the New York open before staging a strong recovery, confirming his earlier bullish setup.He identified $83,000 as immediate resistance, with a breakout potentially pushing Bitcoin toward $85,000, where significant buy-side liquidity and liquidations remain.While $83,000 could offer a shorting opportunity if prices face strong rejection, Snyder prefers $85,000 for new short positions following the liquidity sweep below $80,000.Digital asset platform, Bitfinez noted that Bitcoin whales accumulated roughly 60,000 BTC since late August, primarily between $80,000 and $86,000.He suggested that the low-$80,000 range could emerge as strong support if whales continue holding their accumulated Bitcoin through the current market pullback.Image: Shutterstock Read Also: Bitcoin, Ethereum ETFs Face Outflows but Altcoins Could Lead the Next Rally, Grayscale Predicts