Markets are signaling something important today. Bitcoin has reclaimed the $90,000 level, reaching a three-week high. However, derivatives and spot ETF flows suggest that traders remain cautious, indicating limited confidence in further upside at this time. Simultaneously, 40% of major Bitcoin treasury firms are currently trading below their cryptocurrency holdings' net asset value, signaling potential distress in that segment.
Ethereum is also showing signs of life, with one analyst predicting a potential surge to $3,500. This target would represent a significant breakout from the bearish pressure that has constrained its momentum throughout much of 2025. The analyst cites technical indicators and market structure signals as justification for this bullish outlook.
XRP has also experienced a notable recovery, climbing above the $2 level. This move is supported by improved risk sentiment across the broader crypto market, as well as a reduction of 500 million XRP from supply until 2028. The supply reduction may positively influence the price.
Keep these levels in mind as you navigate today's session.