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Bitcoin Slips Back to $90,000 as Crypto Markets Drift Sideways

MarketDash Editorial Team
1 day ago
Bitcoin has retreated to the $90,000 level as cryptocurrency markets continue trading sideways on Friday, with traders eyeing key support and resistance zones while whales reduce their holdings.

Bitcoin (BTC) has slipped back to the $90,000 mark as crypto markets continue their sideways drift on Friday, leaving traders searching for the next catalyst to break the range.

Current Crypto Prices:

Market Activity:

The choppy trading has taken its toll. According to Coinglass data, 119,115 traders were liquidated in the past 24 hours for a combined $415.96 million. That's a lot of forced exits in a market that can't seem to pick a direction.

On a brighter note, the past 24 hours saw gains from Mantle, Hyperliquid and Bitcoin Cash among the top performers.

What's Happening in Crypto:

The news flow remains busy even if prices don't. Tether is eyeing blockchain shares to control liquidity as its $500 billion fundraise draws scrutiny. YouTube plans to roll out a PayPal stablecoin payout option for US creators, bringing crypto payments to mainstream content creators.

Meanwhile, Coinbase is reportedly preparing to rival Polymarket and Kalshi with its own in-house prediction market. In more unusual news, a small China NEV dealer is eyeing a $1 billion crypto pivot, and XRP has landed on Solana as Ripple secures a crucial banking license.

What the Charts Say:

Trader Ted Pillows identified two major Bitcoin liquidity zones at $88,000–$89,000 and $93,000–$94,000, suggesting the price may dip to sweep the lower band before reversing higher. It's classic liquidity hunt behavior if it plays out that way.

Crypto chart analyst Ali Martinez noted that Bitcoin whales have offloaded approximately 170,500 BTC over the past year, representing a significant reduction in large-holder supply. When the biggest players are selling, it's worth paying attention.

Daan Crypto Trades observed that Bitcoin remains stuck in the key $88,000–$90,000 support/resistance range, calling it a critical zone for bulls to defend following the cycle's largest drawdown. That decline was driven by heavy spot selling and end-of-cycle fears that have traders on edge.

For now, crypto markets seem content to meander while everyone waits for the next big move.

Back to News

Bitcoin Slips Back to $90,000 as Crypto Markets Drift Sideways

MarketDash Editorial Team
1 day ago
Bitcoin has retreated to the $90,000 level as cryptocurrency markets continue trading sideways on Friday, with traders eyeing key support and resistance zones while whales reduce their holdings.

Bitcoin (BTC) has slipped back to the $90,000 mark as crypto markets continue their sideways drift on Friday, leaving traders searching for the next catalyst to break the range.

Current Crypto Prices:

Market Activity:

The choppy trading has taken its toll. According to Coinglass data, 119,115 traders were liquidated in the past 24 hours for a combined $415.96 million. That's a lot of forced exits in a market that can't seem to pick a direction.

On a brighter note, the past 24 hours saw gains from Mantle, Hyperliquid and Bitcoin Cash among the top performers.

What's Happening in Crypto:

The news flow remains busy even if prices don't. Tether is eyeing blockchain shares to control liquidity as its $500 billion fundraise draws scrutiny. YouTube plans to roll out a PayPal stablecoin payout option for US creators, bringing crypto payments to mainstream content creators.

Meanwhile, Coinbase is reportedly preparing to rival Polymarket and Kalshi with its own in-house prediction market. In more unusual news, a small China NEV dealer is eyeing a $1 billion crypto pivot, and XRP has landed on Solana as Ripple secures a crucial banking license.

What the Charts Say:

Trader Ted Pillows identified two major Bitcoin liquidity zones at $88,000–$89,000 and $93,000–$94,000, suggesting the price may dip to sweep the lower band before reversing higher. It's classic liquidity hunt behavior if it plays out that way.

Crypto chart analyst Ali Martinez noted that Bitcoin whales have offloaded approximately 170,500 BTC over the past year, representing a significant reduction in large-holder supply. When the biggest players are selling, it's worth paying attention.

Daan Crypto Trades observed that Bitcoin remains stuck in the key $88,000–$90,000 support/resistance range, calling it a critical zone for bulls to defend following the cycle's largest drawdown. That decline was driven by heavy spot selling and end-of-cycle fears that have traders on edge.

For now, crypto markets seem content to meander while everyone waits for the next big move.