Crypto Traders Buying The Dip as Monero XMR Breaks $700: Up Next $1,000?

Ben Graham · 7 horas atrás

Is the world yearning for privacy so much that coins like Monero and Zcash are among the top performers in the last six months? Looks like so. Traders appear to be dumping Zcash crypto now. Their focus? The OG of privacy coins: Monero (XMR)

To put it in numbers, XMR crypto is among the top performers at press time. On Coingecko, not only is XMR USDT outshining even some of the top meme coins, but Monero is seriously gaining traction and volume. While XMR crypto is up nearly +60% in the last week alone, trading volume, a measure of engagement, has been rapidly rising. With over $500M of XMR traded in the last day alone, trading volume has spiked by over 5X from the December 2025 daily average. The result? XMR crypto is breaking key resistance levels and trading above $700 at press time.

Given the XMR crypto boom, the tide appears to be lifting other coins. Yesterday, the crypto markets shifted higher as traders doubled down, buying dips. In the top 10, the Bitcoin price edged higher, soaring above $94,000. Meanwhile, Ethereum crypto pushed on, trading above the $3,300 level as the total crypto market cap steadied above the $3.2T mark.

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Why are Traders Buying Dips? Bitcoin Inches Closer to $95,000

Evidently, it looks like traders are ready to hitch on the moonshot. While Monero crypto leads the way, other 100X tokens could present more opportunities. All it takes is for Bitcoin and other top 10 coins to shake off the weakness of the recent dump. At spot rates, the local resistance that Bitcoin bulls must clear is the $95,000 level. Once the BTC USDT price prints fresh 2026 highs, the next target will be the psychological round number at $100,000.

The plan for 2026 is simple:

January: Accumulation
February: Huge Rally
March: Bitcoin ATH
April: Bull Trap
May: Flash Crash

Save this and check back in 4 months pic.twitter.com/6RSmFBMeTF

— Lofty (@0xLofty) January 11, 2026

This leg up could allow more traders to buy the dip, fading bears of December. As more capital enter, the stronger the momentum becomes. Think of it like an empty elevator. Every time the doors open a bit, more people step in instead of flowing out. For now, any push above local resistance levels could be the much-needed signal for buyers to jump in, expecting more gains in the next few trading days.

Timely entries matter in crypto. If anything, strong bull markets reward buying dips. Cautious markets reward waiting. Right now, the market is signaling confidence, and there could be opportunities to jump in once immediate obstacles are chewed through.

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Shorts Liquidated: A Launchpad For Ethereum, Monero Rally?

On Coinglass, the upswing of the last 24 hours saw over $500M of leveraged shorts liquidated. Whenever short positions are closed, it means the exchange has to buy the token in the spot market. Since over $500M of leveraged shorts had to be closed and a similar amount poured to longs, buyers got a perfect pad to build on, increasing the odds of buyers clearing obstacles.

Like Bitcoin and Monero, Ethereum also edged higher. The rally saw a $12.9M short position closed on Binance. This liquidation was the largest in the last 24 hours, feeding onto the momentum of the current bulls.

(Source: Coinglass)

Overall, the message stays consistent. Traders trust long-term crypto growth and are confident that bullish tides are beginning to form. Already, Bitcoin futures open interest remains steady after the drop in Q4 2025. With open interest, which measures the total number of all positions, steadying, even rising, it means more borrowed money is entering the system, increasing the likelihood of trend continuation.

This reset shows that traders are upbeat and using leverage to extract maximum gains. This “greed” shows more clearly on Monero. Open interest is now up 3X from the December 2025 daily average, an indicator that speculators are borrowing more from exchanges, riding the Monero surge.