The crypto market is in a familiar place: stuck in limbo. Bitcoin (BTC) is holding steady above $90,000, which sounds impressive until you realize it's been doing essentially the same thing for days. The market wants direction, but it's waiting for something bigger to push it one way or the other.

Here's where things stand across major cryptocurrencies:

Ethereum (ETH) is showing similar stability, while XRP and Dogecoin (DOGE) are sliding despite recent buzz around new ETF filings and institutional interest.

Market Carnage Continues

The crypto market's volatility isn't taking a break. According to Coinglass data, 107,052 traders were liquidated in the past 24 hours, wiping out $275.94 million in positions. That's the kind of number that reminds you why leverage trading in crypto can be brutal.

On the brighter side, Quant, Sky and Monero led the gainers over the past 24 hours, providing some relief for traders positioned in those assets.

What Traders Are Watching

The technical picture for Bitcoin is getting interesting, and traders are zeroing in on specific levels that could determine the next move.

Entrepreneur and Bitcoin investor Lark Davis noted that Bitcoin is still holding above its long-term cycle trendline, which is encouraging. But here's the catch: it needs to break convincingly above $110,000 to avoid trouble. A rejection at that level could trigger a bearish head-and-shoulders setup, meaning bulls need to show strength soon.

Daan Crypto Trades pointed out that BTC is compressing in a tight consolidation range. A breakdown could drag the price toward the $88,000–$89,000 zone for a potential higher low, while a clean reclaim of $91,800 would open the path toward $93,000.

Adding to the bullish case, Nebraskangooner said a daily close above $91,550 would likely spark momentum into the upper resistance band. That's the level to watch if you're looking for a breakout signal.

Broader Crypto Developments

Beyond the price action, there's plenty happening across the crypto landscape. Bitwise unveiled a fee waiver and the 'BAVA' ticker as Avalanche ETF hype builds. Visa partnered with Aquanow to expand stablecoin settlements in the CEMEA region. XRP saw $644 million in ETF inflows, sparking speculation about a potential 75% rally ahead.

Meanwhile, Trump's crypto ties came under fire from House Democrats, who called it "the most corrupt crypto startup operation." And a senator made headlines for buying Bitcoin ETFs before Thanksgiving, bringing their 2025 crypto purchases to over $500,000.

The market might be consolidating, but the crypto world never stops moving.