Bitcoin holds $83,000 as ETH, XRP and Dogecoin wobble despite ETF demand

Bitcoin slipped to $83,000 on Monday and held there. ETH, XRP and Dogecoin wobbled despite ETF demand. SoSoValue data showed $134.5 million in net inflows to spot Bitcoin ETFs on Friday. Spot Ethereum ETFs recorded $86.95 million in net inflows. Coinglass data showed that 143,870 traders were liquidated in the past 24 hours, for $531.47 million. Hedera, Quant and Algorand were among the top gainers in the past 24 hours. Scott Melker's podcast featured Bloomberg strategist Mike McGlone, former CoinRoutes CEO Dave Weisberger and former Coinbase executive David Duong. The podcast highlighted that Bitcoin was down despite spot Bitcoin ETFs having their strongest week since October 2025. Strong ETF buying had not immediately translated into higher prices because investors near breakeven may have taken profits. Bitcoin reclaimed the roughly $81,000 to $82,000 average ETF investor cost basis. That level may become an eventual accumulation zone. Holding the $82,800 breakout area as support would strengthen the case that the decline was a normal retracement. McGlone argued that Bitcoin remained vulnerable, particularly if equities underwent a meaningful correction. Treasury yields near multi-decade highs and continued Fed tightening were increasing the opportunity cost of holding non-yielding assets.