The overall crypto market registered a major surge on Tuesday after the market reflected a classic “supply squeeze” pattern with institutional buying and short-seller liquidations meeting a macro environment that is finally cooling off from geopolitical tensions. Bitcoin price surged six percent in the last 24 hours with the asset’s price hitting $75,577 as of press time. The asset price, on a weekly average basis, has risen by nearly 12 percent.
In conversation with Coin Headlines, market analysts said that the move is being supported by institutional demand, over $1 billion in ETF inflows along with continued accumulation by corporate players like Strategy — that added BTC 14,000 as part of its recent purchase. However, the macro backdrop remains fragile, experts said.
“Bitcoin is testing a supply zone between $74,500–$76,000. The structure remains bullish with higher highs and higher lows, but this zone is a key decision point. A move above $75,000 could open upside toward $78,000, while rejection may trigger a pullback toward the $71,000–$70,000 demand zone,” said Riya Sehgal, Research Analyst, Delta Exchange.
Ether price rose by 8.04 percent over the last day. This brought the price of the asset to $2,385, data by CoinMarketCap showed on Tuesday.
“Ethereum is showing relative strength but remains in consolidation. On-chain indicators like NUPL near neutral suggest a market in equilibrium, awaiting a catalyst. A breakout above $2,400 would be needed to confirm continuation toward $2,800–$3,000,” Sehgal noted.
Market experts pointed out that the overall structural strength seems to be building, but the market continue to remain in a transition phase trying to strike a balance institutional inflows with macro uncertainty and near-term resistance.
A majority of altcoins including XRP, BNB, Cardano, and Bitcoin Cash reflected profits of over three percent as of press time. Tokens including Monero, Zcash, Stellar, Avalanche, and Hedera also roped-in gains of the similar margin.
Meanwhile, profits for tokens like Solana, Dogecoin, and Hyperliquid rose by over five percent each to trade at $87.3, $0.096, and $44.43 respectively.
Overall, the market appeared lush with greens on Tuesday, which analysts see as a sign of volatility given the reduced chances of an interest rate cut and the prevailing geo-political tensions.
The crypto market valuation rose by nearly five percent in the last 24 hours to hit $2.54 trillion, CoinMarketCap data said.
Source: CoinMarketCap
As per Unocoin CEO Sathvik Vishwanath, “This pattern shows that investor behavior, not technical limits, is capping gains. Until selling pressure slows, crypto is likely to struggle to sustain the upward momentum.”
Despite the profits, a number of crypto tokens did register losses over the last day. These include MemeCore, Bittensor, and Near Protocol all of which fell by three percent in prices.
Over 182,876 traders were liquidated in the last 24 hours with the total liquidations hitting $667.31 million, data by CoinGlass showed.