Cryptocurrency markets are trading lower on Tuesday, with altcoins continuing their strong performance.

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 125.5% and daily active addresses growing by 28%. Transactions greater than $100,000 are up from 8,298 to 12,355 in a single day. Currently, there are no Bitcoin holders underwater.
• Coinglass data reports 216,766 traders liquidated in the past 24 hours for $590.24 million
• IntoTheBlock shows Bitcoin long-term holders holding 12.45 million BTC—the lowest level since July 2022. Long-term holder balances have fallen by 9.8% this cycle, compared to 15% in 2021 and 26% in 2017.
• CoinTelegraph noted Binance topping crypto exchanges for Bitcoin deposits in 2024, with average daily deposits rising by around 2.8 BTC in 2024.

Notable Developments:

• Donald Trump May Announce SEC Chair Pick Tomorrow: Report
• ‘Policy Formation Will Be Critical’: Experts Weigh In On Stablecoin Adoption
• Can Your Bitcoin Be Confiscated If Trump Establishes A National Reserve? Analyst Says Government Can Employ Carrot-And-Stick Policy
• CleanSpark CEO Zach Bradford Explains Why The Company Is Betting on Bitcoin Mining, Not Buying

Top Gainers:

Trader Notes: With Bitcoin prices trading relatively flat with negative bias, crypto chart analyst Ali Martinez advises watching out for key support levels like $90,000.

Crypto analyst Michaёl van de Poppe is awaiting a breakout for Bitcoin and is ready to buy if Bitcoin dips to $90,000.

Crypto trader Kevin cautions that Bitcoin’s current pattern is moving closer to breaking out either to the upside or the downside.

Read Next: 

• Coinbase CEO Brian Armstrong: ‘The US Government Should Never Sell Bitcoin’

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