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Bitcoin Frozen Below $90,000, Ethereum, XRP, Dogecoin Volatile Into $2.1 Billion Options Expiry

Bitcoin remains below $90,000 level as liquidations stand at $207.90 million over the past 24 hours.   

Bitcoin ETFs saw $32.1 million in net outflows on Thursday, while Ethereum ETFs reported $41.98 million in net outflows.

Crypto chart analyst Ali Martinez identified $87,400 as a key support level for Bitcoin within its current trading channel.

CryptosBatman said Bitcoin’s next downside target sits near $84,000, based on a 1.618 Fibonacci extension from the latest swing high to low. He added that during periods of heightened uncertainty, patience and inaction are often the most prudent strategy.

Ted Pillows noted that Ethereum has weakened after losing its uptrend support and failing to…

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