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Crypto Market Wobbles As Bitcoin Holds $90K and Traders Brace for Inflation Data

MarketDash Editorial Team
3 days ago
Bitcoin is clinging to support above $90,000 as crypto markets show continued weakness, with $289.05 million in liquidations hitting traders over the past day while ETFs see major outflows.

Bitcoin (BTC) is holding the line above $90,000, but it's not exactly a victory lap. The broader crypto market continues to show weakness ahead of key inflation data, and traders are feeling it. Liquidations hit $289.05 million over the past 24 hours, a reminder that leverage cuts both ways.

The institutional money isn't helping much either. Bitcoin ETFs posted $194.6 million in net outflows on Thursday, while Ethereum (ETH) ETFs saw $41.6 million head for the exits. Not catastrophic, but not the kind of confidence-building flow you'd want to see.

The Support Levels Everyone's Watching

Crypto chart analyst Ali Martinez pointed out something interesting: roughly 300,648 BTC were accumulated around $84,400, making it a major support area that's now being defended. That's a lot of conviction at one price level.

Michael van de Poppe noted that Bitcoin is still stuck in the same price band with little directional conviction. A breakdown from here could send BTC back toward $85,000 for a potential double-bottom, though structurally the correction appears to be stabilizing. If $91,500 holds, he expects an attempt at $100,000 in the coming week. So we're either heading up or heading down, which is helpful.

For Ethereum, Martinez sees $4,800 as the must-reclaim level. Only a decisive flip of that zone paves the way toward $6,800 and $8,800. Until then, it's stuck in the mud.

XRP's Fear Factor and Historical Patterns

XRP is down 31% over two months and facing the most uncertainty since October, according to Santiment data. But here's where it gets interesting: historically, similar fear spikes preceded sharp rebounds. The November 21 panic was followed by a +22% rally in three days, hinting another sentiment-driven opportunity might be forming. Fear can be a contrarian indicator, assuming the pattern holds.

Current crypto prices show Bitcoin at $91,420.19, Ethereum at $3,142.30, Solana (SOL) at $137.77, and XRP at $2.06.

Meme Coins Take a Hit

The meme-coin sector slumped 4.5% in the past 24 hours, moving in line with broader market weakness. Martinez flagged $0.20 as Dogecoin's (DOGE) key resistance level, where roughly 11.7 billion DOGE cluster. That's a significant wall to break through.

Dogecoin is currently trading at $0.1449, while Shiba Inu (SHIB) sits at $0.00008460.

The market's in wait-and-see mode as inflation data looms. Whether Bitcoin bounces off support or breaks lower could set the tone for the next leg of this correction.

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Crypto Market Wobbles As Bitcoin Holds $90K and Traders Brace for Inflation Data

MarketDash Editorial Team
3 days ago
Bitcoin is clinging to support above $90,000 as crypto markets show continued weakness, with $289.05 million in liquidations hitting traders over the past day while ETFs see major outflows.

Bitcoin (BTC) is holding the line above $90,000, but it's not exactly a victory lap. The broader crypto market continues to show weakness ahead of key inflation data, and traders are feeling it. Liquidations hit $289.05 million over the past 24 hours, a reminder that leverage cuts both ways.

The institutional money isn't helping much either. Bitcoin ETFs posted $194.6 million in net outflows on Thursday, while Ethereum (ETH) ETFs saw $41.6 million head for the exits. Not catastrophic, but not the kind of confidence-building flow you'd want to see.

The Support Levels Everyone's Watching

Crypto chart analyst Ali Martinez pointed out something interesting: roughly 300,648 BTC were accumulated around $84,400, making it a major support area that's now being defended. That's a lot of conviction at one price level.

Michael van de Poppe noted that Bitcoin is still stuck in the same price band with little directional conviction. A breakdown from here could send BTC back toward $85,000 for a potential double-bottom, though structurally the correction appears to be stabilizing. If $91,500 holds, he expects an attempt at $100,000 in the coming week. So we're either heading up or heading down, which is helpful.

For Ethereum, Martinez sees $4,800 as the must-reclaim level. Only a decisive flip of that zone paves the way toward $6,800 and $8,800. Until then, it's stuck in the mud.

XRP's Fear Factor and Historical Patterns

XRP is down 31% over two months and facing the most uncertainty since October, according to Santiment data. But here's where it gets interesting: historically, similar fear spikes preceded sharp rebounds. The November 21 panic was followed by a +22% rally in three days, hinting another sentiment-driven opportunity might be forming. Fear can be a contrarian indicator, assuming the pattern holds.

Current crypto prices show Bitcoin at $91,420.19, Ethereum at $3,142.30, Solana (SOL) at $137.77, and XRP at $2.06.

Meme Coins Take a Hit

The meme-coin sector slumped 4.5% in the past 24 hours, moving in line with broader market weakness. Martinez flagged $0.20 as Dogecoin's (DOGE) key resistance level, where roughly 11.7 billion DOGE cluster. That's a significant wall to break through.

Dogecoin is currently trading at $0.1449, while Shiba Inu (SHIB) sits at $0.00008460.

The market's in wait-and-see mode as inflation data looms. Whether Bitcoin bounces off support or breaks lower could set the tone for the next leg of this correction.

    Crypto Market Wobbles As Bitcoin Holds $90K and Traders Brace for Inflation Data - MarketDash News