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.
