Bitcoin, Ethereum, Dogecoin Slip While XRP Holds Firm: Is A Pullback Coming?

Author: Khyathi Dalal | May 12, 2025 03:26pm

Cryptocurrency markets are down on Monday after Bitcoin peaked above $105,000 in early trading hours.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$102,002.91	-2.5%
Ethereum (CRYPTO: ETH)	$2,459.63	-2%
Solana (CRYPTO: SOL)	$170.91	-1%
XRP (CRYPTO: XRP)	$2.48	-4.7%
Dogecoin (CRYPTO: DOGE)	$0.2274	-1.9%
Shiba Inu (CRYPTO: SHIB)	$0.00001542	-3.6%

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 3% and daily active addresses falling by 7.4%. Transactions greater than $100,000 are down from 9,463 to 8,934 in a single day. Exchanges netflows are down by 388.7%.
• Coinglass data reports 178,950 traders were liquidated in the past 24 hours for $556.54 million. Bitcoin long liquidations spiked to the highest level since April 7.
• Bitcoin held by U.S. spot ETFs has climbed to 1.175 million BTC, just 6,500 BTC shy of its all-time high of 1.182 million, according to Glassnode data.
• Crypto chart analyst Ali Martinez reports Bitcoin miners having realized over $10.37 million in profits, signaling improved miner profitability.
• Sentora notes that after Bitcoin surpassed $100,000, exchange flows turned sharply negative with $550 million in BTC withdrawn on Friday alone, indicating strong accumulation by investors.

Notable Developments:

• EXCLUSIVE: DeFi Development Makes Record Solana Purchase, Surpasses $100 Million In Treasury Holdings
• Stanford Warns Future Of Crypto Depends On Regulation, Quantum-Safe Systems, Digital Dollar Competition
• Coinbase’s Subscription Gains, Deribit Acquisition, Blockchain Revenue Strength Prompt Analyst Support
• Nakamoto Holdings Raises $710M, Merges With KindlyMD To Build Bitcoin Treasury Holding Company
• Strategy Buys $1.34B In Bitcoin At $99,856, Cites 15.5% BTC Yield
• Billionaire Tim Draper Says Businesses That Are Not Holding Bitcoin In Their Treasuries Are ‘Being Irresponsible’
• Cathie Wood Highlights Analyst’s Take: ‘More Than Humans, Crypto Was Made For AI’

Top Gainers:

Cryptocurrency	Price	Gains +/-
Dogwifhat (CRYPTO: WIF)	$1.11	+23.8%
Four (CRYPTO: FORM)	$2.78	+17.6%
XRP (CRYPTO: XRP)	$2.48	+4.6%

Trader Notes: Altcoin Sherpa remains bullish on Bitcoin long-term but warns of a likely pullback in the short term, though the timing and depth remain unclear.

im still bullish $BTC but I'm still going to keep posting this chart as a reminder to myself and others that we *probably* see some sort of pullback soon (in theory). I'm not sure when/how deep but yeah. https://t.co/gR36Bgn6eV

— Altcoin Sherpa (@AltcoinSherpa) May 12, 2025

Voicing a similar opinion, Sherpa advised that if anyone is looking to buy Bitcoin for long-term positions and aren’t very active, it’s probably best to wait for a dip, potentially to the low to mid $90,000s.

ShardiB2 points to $103,400 as a critical daily close level. A close above would invalidate a potential local top, but advises caution for longs at current levels, noting higher time frame signals are more reliable.

Meanwhile, Kaleo speculates whether Bitcoin is positioning itself for a massive upside scenario, potentially spiking to $520,000 in the longer term.

#Bitcoin / $BTC

Are you ready for this scenario? pic.twitter.com/PxHMB3Xzso

— K A L E O (@CryptoKaleo) May 12, 2025

The Cryptomist sees Bitcoin CME gap having been filled, and the user now expects BTC to move toward $108,000. Altcoins are anticipated to follow the upward move.

Read Next: 

• Scottie Pippen Declares ‘Altcoin Season’ As Ethereum, XRP, Dogecoin, Shiba Inu Rally

Image: Shutterstock

Posted In: $BTC $DOGE $ETH $SHIB $SOL $WIF $XRP