The crypto market is taking a breather. Bitcoin (BTC) is trading around $90,000, holding steady while the broader cryptocurrency market shows neutral sentiment despite what should be supportive macro conditions. Over the past 24 hours, liquidations reached $211.88 million, a reminder that volatility is always lurking just beneath the surface.

The institutional money flow tells an interesting story. Bitcoin ETFs recorded $250 million in net outflows on Friday, while Ethereum (ETH) ETFs saw $93.8 million walk out the door. That's nearly $344 million in combined outflows, suggesting some caution among institutional investors even as the assets themselves remain relatively stable.

What the Charts Are Saying

Crypto trader Jelle pointed out that Bitcoin is consolidating around the $90,500 level, repeatedly testing it from above as the market waits for commentary from Federal Reserve Chair Powell. The key near-term objective? Reclaiming the $93,500 area. According to Jelle, a sustained move above that range would significantly increase the likelihood of a push toward the psychologically important $100,000 mark.

Michael van de Poppe offered a more macro perspective, noting that Bitcoin is holding up remarkably well despite global uncertainty. The fact that it's staying above the 21-day moving average is a positive sign. As long as Bitcoin continues grinding higher toward the $94,000 resistance zone, the broader technical structure remains constructive. Van de Poppe emphasized that current macro conditions are actually reinforcing Bitcoin's long-term investment case, even if the day-to-day price action feels sluggish.

On Ethereum, van de Poppe noted the asset is holding firmly above a key resistance zone, which increases the probability of a move to new monthly highs. He described the price action as a strong and encouraging signal for those watching the second-largest cryptocurrency.

Lucky Chart Ape observed that XRP (XRP) is approaching a key level of interest he highlighted previously, while Altcoin Sherpa pointed out that Solana (SOL) continues to show leadership. Solana's four-hour exponential moving averages are looking the healthiest they have since September 2025, according to Sherpa. He added that the focus should remain on major assets rather than higher-beta plays until a clearer, stronger trend develops across the market.

Meme Coins Lead the Way

While the majors tread water, the meme coin market provided some entertainment. The broader meme coin sector rose about 3% to reach $48.2 billion over the past day, outperforming the largely flat or negative action seen across the wider crypto market.

Cantonese Cat noted that Dogecoin's (DOGE) daily chart is showing a clear change in character after spending months in the lower half of the Bollinger Bands. This technical shift suggests a potential change in trend that could be worth watching for traders focused on the original meme coin.

For now, the market seems to be in wait-and-see mode, with traders positioning carefully ahead of potential catalysts and keeping a close eye on those key resistance levels that could unlock the next significant move.