Crypto Market Steadies: BTC ~$102K, ETH Slides

The crypto market held around $3.4 trillion in capitalization with daily volumes near $163 billion. Bitcoin traded near $102,000, dipping below $101,000 before rebounding, and was down about 2% over 24 hours. Ethereum slid to approximately $3,336, down over 3% for the day. ETF flows remain mixed: Bitcoin ETFs saw net outflows of $137 million and Ethereum ETFs lost $118 million, while Solana spot funds attracted $9.7 million in net inflows. On-chain data shows significant whale accumulation of 394,682 ETH (around $1.37 billion) in three days. The Crypto Fear & Greed Index rose to 24 (“Fear”), signaling cautious sentiment. Analysts cite $105,000–$107,000 as Bitcoin resistance with support near $98,500–$100,000; Ethereum faces resistance at $3,450 and support at $3,300 and $3,150. Altcoins like XRP, BNB, ADA, LINK and DOGE were mostly lower, with DOGE flat around $0.16 despite Elon Musk’s “It’s time” post. This consolidation phase reflects neutral market dynamics amid ETF outflows, whale buying and mixed U.S. economic data.
Neutral
This news presents mixed market signals. Net ETF outflows for BTC and ETH suggest selling pressure, but significant whale accumulation and stable crypto market cap support prices. Short-term volatility may persist around key support and resistance levels, while long-term resilience is underpinned by on-chain buying and cautious sentiment reflected in the Fear & Greed Index. Overall, the balanced factors point to a neutral price impact.