On the 9th (local time), the digital asset market showed a mixed stance amid an overall cautious mood. Bitcoin traded around $92,285, down 0.53% from the prior session, and Ethereum was at $3,078, down 1.44%, fluctuating in the low-$3,000s. Recently, as a Supreme Court ruling on tariffs was delayed, Bitcoin, which had neared $92,000, entered a pullback after a brief surge. The total market capitalization eased to about $3.09 trillion, and the fear-and-greed index stood at 41, indicating a neutral stance.
Bitcoin achieved a temporary rebound on the delay in the Supreme Court ruling, but faced resistance near $92,000 and retreated to the low-to-mid $90,000s. Ethereum was at $3,078, pausing after a recent rally. Even within a deflationary framework, ETH maintains potential for mid- to long-term gains based on ETF expectations and network scalability.
Solana led by volume at $135.79, down 1.22%, while XRP traded at $2.08, down 2.42%. In contrast, TRON rose 1.06% to $0.2977, showing relative strength. Binance Coin rose slightly to around $892.
Meme coins such as DOGE and Cardano (ADA) also eased. The Altcoin Season Index stood at 41, indicating Bitcoin’s dominance remains intact.
The primary backdrop for the market correction is suspected ETF-related outflows from Bitcoin spot ETFs. About $400 million of ETF funds are estimated to have flowed out, limiting upside near the $90,000 region. The delay in the Supreme Court ruling on tariffs under the Trump administration also weighed on sentiment and contributed to near-term downside pressure.
As a result, about $20 million of short positions were liquidated, and BTC again looked to the high-$90,000 to $92,000 magnet zone for direction. David (@david_eng_mba), a digital asset analyst, posted on X on the 9th that Bitcoin’s current spot price is around $91,000, below miners’ full-cost breakeven around $96,000, implying cash-flow survival but limited new investment or mining expansion. He added that while Bitcoin may trade briefly below the floor, in the longer term it is likely to move out of this range, which can be interpreted as network cleansing and preparation for a bull market.
Ted (@TedPillows), a market technician, suggested that if Bitcoin cannot hold the $89,200 support, it could fall to $87,500. He also noted that breaking through the $94,000–$95,000 zone could leave room for a move to $102,000. With the Supreme Court tariff ruling scheduled for the 14th, investors should be alert to potential short-term volatility around the event.
On the 9th local time, the digital asset market traded in a cautious, mixed posture. Bitcoin hovered around $92,285, down 0.53% from the prior session, while Ethereum stood at $3,078, down 1.44%. A brief move toward the $92,000 level emerged after the Supreme Court tariff ruling delay but prices subsequently retraced.
The overall market capitalization eased to about $3.09 trillion, and the fear–greed index sat at 41, indicating a neutral stance. Bitcoin failed to sustain the intraday uptick near the level and retreated to the low- to mid-$90k range, while Ethereum paused its rally, underpinned by ETF expectations and network scalability prospects for mid- to long-term upside.
Top traded assets by volume included Solana at $135.79 (−1.22%), XRP at $2.08 (−2.42%), with TRON at $0.2977 (+1.06%) and BNB around $892. Meme coins like DOGE and ADA also eased. The Altcoin Season index stood at 41, signaling Bitcoin’s dominance remains intact.
ETF-driven fund outflows—about $400 million—are cited as a primary drag on upside momentum near the 92k region. Analysts noted a mixed backdrop: one observer highlighted BTC spot around $91,000 versus miners’ full-cost breakeven near $96,000, implying cash flow survival but limited expansion. Another analyst warned that a failure to hold $89,200 could open downside to $87,500, while a breakout above $94,000–$95,000 could invite room toward $102,000. With the Supreme Court tariff ruling slated for the 14th, investors should brace for potential short-term volatility around the event.
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