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Crypto

Ethereum rebound bid stalls as $157 million liquidated on Binance

Ethereum\'s recent recovery attempt faltered after heavy liquidations over the past 24 hours, with more than $157 million in positions closed on Binance. Total Ethereum liquidations reached $292 million, while about $200 million in bitcoin was also liquidated. Ether briefly fell to $2,362.43. Indicators turned bearish, with the fear and greed index at 29. Open interest fell from nearly $20 billion to $15 billion as liquidity declined in October.

Crypto

Bitcoin remains rangebound as $80,000 seen as key pivot

Bitcoin is struggling to find direction between upper resistance and lower support, with $80,000 viewed as a key pivot. Glassnode said the market is caught between strong selling pressure and a thick support line. Resistance is seen near $88,000 and $100,000, while support is underpinned around $78,000 to $81,500. Liquidation clusters around $80,000 and $88,000 could amplify moves. U.S. spot bitcoin ETF flows have turned to outflows after earlier inflows.

Crypto

AI tokens rise amid crypto weakness; Wintermute says NEAR worth watching

NEAR Protocol (NEAR) was singled out as a project likely to benefit as the crypto market shifts toward an AI theme. Market maker Wintermute said NEAR took the lead in the AI-related sector even as major tokens weakened. The report linked the move to a hawkish Federal Reserve stance, rising U.S. Treasury yields and outflows from spot bitcoin and ether ETFs. Wintermute cautioned against aggressive altcoin dip-buying.