Bitcoin (BTC) is making another run at $92,000, and the market's watching closely. Over the past 24 hours, liquidations hit $180.10 million, a reminder that leverage cuts both ways when prices get frisky.
Institutional money continues flowing in. Bitcoin ETFs pulled in $116.7 million in net inflows on Monday, while Ethereum (ETH) ETFs added $5.07 million. Not massive numbers, but steady interest keeps the momentum going.
Consolidation Before the Storm?
Analyst Daan Crypto Trades points out that Bitcoin has been stuck in a tight $90,000 to $92,000 range for several days now, building liquidity on both sides. Upside liquidity clusters around $92,600 to $94,000, while downside targets sit near $89,800 to $88,700. This kind of compression rarely lasts forever. Something's gotta give, and when it does, expect a sharp move in one direction or the other.
Michael van de Poppe summed it up nicely: "Bitcoin is doing Bitcoin things." Translation: price is grinding back toward $92,000 while staying above the 21-day moving average. That's a constructive setup in trader-speak, suggesting the path of least resistance might be higher. Van de Poppe thinks a clearer breakout could be tied to progress on the Clarity Bill, which would provide regulatory certainty the market's been craving.
CyrilXBT echoed similar thoughts, noting Bitcoin's behavior near $92,000 while holding technical support keeps the short-term structure intact. The gradual grind higher continues, with regulatory developments potentially serving as the catalyst for the next leg up.
Meanwhile, Solana (SOL) is approaching a key level. Crypto analyst Ali Martinez says Solana turns bullish above $144.63, with a confirmed breakout potentially opening the door to $159.10. At $141.81, it's knocking on that door.