Amid a muted overall cryptocurrency market sentiment, Bitcoin's price remains anchored around the $90,000 mark. Recent trading activity over the preceding 24 hours saw liquidations totaling $211.88 million, reflecting some volatility but without a decisive directional shift.
Exchange-Traded Funds tied to Bitcoin reported significant capital outflows, amounting to a net $250 million on Friday. Ethereum-related ETFs similarly faced net withdrawals totaling $93.8 million within the same period. These outflows indicate some profit taking or repositioning by investors despite the prevailing macroeconomic conditions.
Leading market commentators highlight Bitcoin's consolidation phase, particularly around the $90,500 price level, noting recurrent tests of this threshold from above. Crypto trader Jelle identifies the $93,500 price zone as a crucial near-term target. Successfully breaching and sustaining price levels above this range could pave the way for renewed upward momentum towards the psychologically significant $100,000 figure.
Market analyst Michael van de Poppe observes that Bitcoin is displaying resilience in the face of global uncertainties, maintaining a position above the 21-day moving average—a key technical indicator. He indicates that as long as Bitcoin continues to make incremental gains towards resistance near $94,000, the underlying technical trends remain favorable. Van de Poppe also highlights that current broader economic conditions bolster Bitcoin’s long-term investment outlook.
Regarding Ethereum, van de Poppe points out that the asset is maintaining firm support above a pivotal resistance level. This technical behavior enhances the probability of the cryptocurrency advancing to new monthly highs, a development he regards as a constructive indicator of strength.
In the altcoin space, XRP has attracted attention as it approaches a previously identified key price level. Conversely, Solana is noted for exhibiting continued leadership qualities within the mid-cap crypto segment, with its short-term (four-hour) exponential moving averages reflecting the strongest positioning observed since September 2025. Analysts suggest that, at present, investor focus remains primarily on major cryptocurrency assets rather than higher-risk, higher-beta alternatives, pending the emergence of a more definitive market trend.
Within the broader category of meme coins, the market capitalization collectively rose by approximately 3%, reaching $48.2 billion over the last day. This gain stands out given the relative flatness or downward movements observed in the larger crypto market cap segments. Dogecoin, in particular, saw a price decline of around 2%, but technical observations from Cantonese Cat indicate a marked change in the asset’s daily chart profile. After months of trading predominantly in the lower half of its Bollinger Bands, Dogecoin's price behavior suggests the potential onset of a trend reversal.
Other meme tokens such as Shiba Inu also reported modest price decreases, underscoring the mixed performance within this subset of cryptocurrencies.
Overall, while core cryptocurrencies like Bitcoin and Ethereum hold their ground amidst notable ETF outflows, certain altcoins are experiencing downward price pressure. Market participants appear cautious, with technical analysis pointing to the need for sustained movements above critical resistance levels before broader optimism may materialize.