TL;DR
- Bitcoin fell below $90K after intensified selling pressure, pushing ETF investors into broad losses for the first time since launch.
- Even in a declining market, ICP surged over 15%, HYPE rose more than 5%, and ASTER held steady, showing rare strength.
- Meanwhile, long-term accumulation increased, indicating that structural confidence remains intact despite short-term volatility.
Bitcoin dropped sharply and temporarily traded under $90K, marking its weakest level since April. The move followed several days of selling tied to ETF outflows and risk reduction across global markets.
Market Pressure Sends BTC Below $90K
Shortly after the dip, institutional desks showed measured buying interest near the mid-$90K area, a zone often associated with long-term positioning.
Daily price data reflected the broader weakness. Bitcoin (BTC) trades at $91,168.84, down 4.72%, while Ethereum (ETH) sits at $3,051.57, down 4.62%. XRP stands at $2.18 (-3.80%), BNB at $916.64 (-1.91%), Solana (SOL) at $137.49 (-3.41%), and TRON (TRX) at $0.2894 (-1.43%). Meme and layer-1 assets also felt pressure: Dogecoin (DOGE) trades at $0.1568 (-3.43%), Cardano (ADA) at $0.4683 (-5.47%), and Bitcoin Cash (BCH) at $486.73 (-2.30%).
The overall market cap pulled back moderately but continued to show pockets of strength in sectors tied to real usage, liquidity depth, or active development.
Altcoins Show Selective Strength
Despite the broad pullback, several altcoins displayed notable resilience. ICP led the gains with a rise of more than 15%, breaking above $5.6. Hyperliquid (HYPE) advanced 5.06% and reached $40.84, while ASTER held comfortably above $1.30, supported by consistent inflows in mid-cap trading venues.
These results highlight a trend observed in recent months: during high-volatility phases, capital often rotates into assets with visible traction, ecosystem expansion, or distinct utility.
Bitcoin Under $90K Shapes Technical And On-Chain Dynamics
The brief break below $90K increased attention on technical reference points. Levels near $92K and $105K have become essential to determine whether the decline continues or the asset begins stabilizing. At the same time, on-chain indicators reveal increasing long-term accumulation, with supply shifting toward holders who typically maintain multi-year horizons and see corrections as opportunities.
Although recent market action pressured most leading assets, the overall landscape remains mixed rather than uniformly negative. Bitcoin and large-cap tokens continue to adjust to macro and ETF flows, yet ICP, HYPE, and ASTER demonstrated strength and even positive performance.
