Bitcoin hovers around $90,000, with tariff rulings and ETF outflows becoming key variables

Source: BlockMedia Original Title: [New York Coin Market/Closing] Bitcoin Stagnates at $90,000… Watchful Ahead of Tariff Ruling and ETF Bad News Original Link: https://www.blockmedia.co.kr/archives/1030731

Digital Asset Market Analysis

On the 9th, the digital asset market showed mixed trends. Bitcoin(BTC) traded at around $90,285, down 0.53% from the previous day; Ethereum(ETH) is at $3,078, down 1.44%, fluctuating around the $3,000 level.

Previously, Bitcoin approached nearly $92,000 due to the U.S. Federal Supreme Court tariff ruling delay, then entered a correction phase. The total market capitalization is $309 billion, slightly down; the Fear and Greed Index is at 41, indicating a neutral level.

Major Coin Performance

Bitcoin rebounded on the favorable news of the court ruling delay but faced resistance near $92,000, then retreated to the early $90,000 range. Ethereum is currently at $3,078, entering a consolidation phase amid recent upward momentum. Despite its deflationary structure, ETH maintains medium- to long-term upside potential based on spot ETF expectations and network scalability prospects.

Among the top traded assets, Solana(SOL) is at $135.79, down 1.22%; XRP is at $2.08, down 2.42%. Tron(TRX) is at $0.2977, up 1.06%, showing relatively strong performance. A major exchange’s token(BNB) is slightly up at $892. Altcoins like Dogecoin, Cardano, and other platform tokens also show slight declines.

The altcoin season index is at 41, with Bitcoin’s dominant position still maintained.

Market Adjustment Main Reasons

The main background for the market correction is the outflow of funds from Bitcoin spot ETFs. Estimated ETF fund outflows amount to about $400 million, limiting upward momentum around $90,000. The delay in the Supreme Court ruling on Trump’s tariff issues eased the short-term buying pressure driven by expectations, also exerting downward pressure in the short term.

As a result, approximately $20 million in short positions were liquidated, and BTC is seeking direction in the “magnet zone” between $90,000 and $92,000.

Analyst Opinions

Digital asset analyst David pointed out that the current spot price of Bitcoin is about $91,000, below the breakeven point for miners at $96,000. Cash flow remains viable, but new investments and mining expansion are stalled. He suggests Bitcoin may trade below the bottom in the short term but is expected to break through this range in the long term, which can be interpreted as a network cleansing and preparation for a strong market.

Technical analyst Ted believes that if Bitcoin cannot sustain support at $89,200, it may fall to $87,500; conversely, if it breaks through the $94,000–$95,000 range, there is potential for further rise to $102,000.

The U.S. Supreme Court tariff ruling scheduled for the 14th could provide significant directional guidance for the market. Investors should watch for potential short-term volatility around this event.