Bitcoin’s slide below $90,000 has pushed realized losses to magnitudes last seen in 2022. The 30-day average of realized losses is about $555 million per day, and a rebound from the November 22 low to above $92,000 has not eased pressure on short-term holders. Long-term holders are taking profits near $1 billion per day.

Bitcoin has risen from below $90,000 to above $94,000 over the last few days. In a TradingView analysis, crypto analyst Xanrox says the move resembles a bear flag on the 12-hour and 1-day charts. He sees scope for an extension to $96,000 before a reversal, with a potential drop of over 25% toward the April 2024 swing low at $74,000.

Canary Capital's spot XRP ETF has declined 20% since its November 13 launch, while XRP has traded largely sideways just above $2, according to TradingView. Despite the price pressure, SoSo Value reports a 16-day streak of net inflows and total XRP ETF assets of $861 million, with Canary's product managing $364 million in assets.

Spot Dogecoin ETFs from Grayscale and Bitwise attracted $2.16 million in net inflows during their first trading week, below market expectations. Technical analysts identify key support at $0.08 and project potential moves toward $1 if current price levels hold. The muted institutional response contrasts with stronger debuts seen in recent Solana and XRP ETF launches.

Bitcoin closed below its 50-week moving average this week, the first breach during the current four-year cycle, according to crypto analyst Tony Severino. Historical data show previous breaks below this technical level preceded average declines of 62%, suggesting a potential drop toward $38,000. Momentum indicators have fallen to levels not seen in over 1,250 days, signaling extended weakness.

XRP trades at approximately $2.14 with a market capitalization of $128.7 billion, while Bitcoin holds a market cap of roughly $1.84 trillion—more than fourteen times larger. The token would need to climb to $30.61 per unit to equal Bitcoin's current valuation, according to MarketCapOf data. This comparison assumes no change in circulating supply or tokenomics.

Bitcoin has declined sharply in recent weeks, erasing hundreds of billions in market capitalization and reversing nearly a year of gains. The selloff stems from converging macro pressures including Federal Reserve policy reversal, elevated real yields above 5%, and aggressive distribution by long-term holders who sold approximately 815,000 BTC over thirty days, according to crypto analyst Tracy Shuchart.

Large Bitcoin movements tied to Strategy (formerly MicroStrategy) sparked speculation about potential sell-offs this week. Wallet-monitoring platforms flagged transfers exceeding 43,000 BTC, prompting Michael Saylor to publicly deny any sales and confirm the company continues accumulating Bitcoin.

Bitcoin could experience a significant decline following recent bearish trends, market analysts warn. Technical analysis identifies a descending channel pattern suggesting downward pressure, with potential support levels at $93,000 and $88,000. Long-term holders have sold over 390,000 BTC in recent months, contributing to selling pressure.