Bitcoin and Ethereum both slipped in early trading, while Binance Coin (BNB) faces increasing pressure at the $1,000 threshold.

Bitcoin Struggles to Hold $108,000

Bitcoin retreated to around $107,900, down roughly 2.8% over the past 24 hours and 3% in the past week. The move comes after BTC failed to sustain momentum above the $110,000 zone, triggering renewed selling across major exchanges.

On the four-hour chart, momentum indicators reflect bearish sentiment. The Relative Strength Index (RSI) sits near 41, showing limited buying strength, while the MACD histogram is turning negative, hinting at the possibility of a deeper retracement.

Despite the dip, Bitcoin remains heavily traded, with more than $60 billion in volume over the past 24 hours. Market data from CoinGlass also indicates that traders remain highly leveraged, with $319 million in total liquidations recorded – $249 million from long positions alone.

Ethereum Faces Resistance Below $4,000

Ethereum followed a similar pattern, slipping to about $3,870 after a 4.3% daily drop. Over the week, ETH is down roughly 2.7%, reflecting fading enthusiasm from last week’s minor recovery rally.

Technical readings reveal growing weakness. The RSI has fallen below 40, signaling that bearish momentum may continue, and the MACD indicator shows a crossover suggesting downside pressure remains dominant.

Ethereum still leads in derivatives activity, accounting for over $87 million in trading volume, narrowly surpassing Bitcoin’s $84 million. However, traders are cautious as ETH approaches its next support near $3,800.

BNB’s $1,000 Level in Focus

Among the top 10 cryptocurrencies, BNB has emerged as one of the biggest losers. The token dropped 4.7% in the past 24 hours and over 10% this week, currently hovering near $1,070.

The $1,000 mark is now seen as a key psychological and technical support level. A decisive breakdown could open the door to further losses toward the mid-$900 range.

Analysts note that BNB’s decline has been steeper compared to other large-cap tokens like Solana and XRP, both of which also fell but retained stronger relative momentum. Solana remains above $180, while XRP trades around $2.40.

Altcoins Show Mixed Signals

The broader altcoin market showed mixed performance. Solana (SOL) dropped 4.3% but held above $184, maintaining its $100 billion market cap. Dogecoin (DOGE) slipped 3.5%, while Cardano (ADA) fell 4.2% to $0.64.

Despite the overall decline, most assets saw moderate inflows in trading volume, suggesting investors are still active rather than fully retreating. Liquidation heatmaps show Ethereum and Bitcoin leading with the largest cleared positions, while smaller altcoins experienced lighter volatility.

Market Sentiment Turns Cautious

With long positions heavily liquidated and momentum indicators flashing weakness, short-term traders appear to be turning defensive. Analysts expect Bitcoin to retest lower support areas if macroeconomic conditions remain uncertain and risk appetite continues to fade.

The broader crypto market now sits in a cooling phase after a strong rally earlier in the quarter. Until buying momentum re-emerges, volatility could remain subdued, with bears holding the short-term advantage.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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Filed under: Bitcoin - @ October 21, 2025 10:27 am