Bitcoin Holds at $90K as AVAX, XRP and LINK Surge — ETF Inflows Fuel Altcoin Rally
Bitcoin consolidated around $90,000 after failed bearish attempts to push it below $80,000, suggesting a possible short-term uptrend. Strong ETF inflows are cited as a supporting factor. Altcoins led gains: Avalanche (AVAX) led the rally, returning to December 11 price levels with potential to test $14.75 and target $15.94 if momentum continues; XRP reclaimed $1.98 as support and is eyeing $2–$2.28 amid cumulative ETF inflows exceeding $1.24 billion; Chainlink (LINK) jumped ~6%, holding a $12 floor with targets of $13.6 and $14.8 if buying persists. The article notes AVAX’s slower unlock rate and ~75% circulating supply, implying reduced near-term supply pressure. Traders should watch key technical levels ($90K for BTC; $13 for AVAX support; $1.98 for XRP; $12 for LINK) and ETF flow data for signs of sustained moves. Disclaimer: not investment advice.
Bullish
The article describes Bitcoin holding key support at $90,000 and altcoins posting double-digit gains driven in part by ETF inflows. ETF inflows are historically associated with sustained capital entering crypto markets and can extend rallies beyond pure technical moves. Specific bullish signals: BTC defended its level after a failed drop below $80K, AVAX’s reduced unlock rate and high circulating supply lower near-term sell pressure, and sizable ETF inflows into XRP (>$1.24B) coincide with price reclaims and upward targets. Short-term impact: increased volatility but a higher likelihood of continuation in upside momentum for the mentioned assets — traders should watch ETF flow reports and intraday technical levels (BTC $90K, AVAX $13/$14.75, XRP $1.98/$2.08, LINK $12/$13.6). Long-term impact: if ETF inflows persist, they could underpin a broader bullish market structure and support further altcoin recoveries; however, bulls remain vulnerable to macro shocks, liquidity shifts, or renewed large-scale sell pressure. Comparable past events: earlier ETF-driven rallies (e.g., BTC ETF debuts) produced multi-week follow-through when inflows were sustained; conversely, one-off inflows without macro support have led to short-lived spikes. Risk factors include unlocking schedules, regulatory developments, and sudden outflows.