Crypto market steady near $3.2T as Bitcoin $91K support holds

Crypto market steady near $3.2T as Bitcoin $91K support holds

Bitcoin traded close to $92,000 on Friday, continuing its volatile and uneven price pattern as markets struggled to find clear direction. Throughout the session, brief recovery attempts lost steam before reaching $93,000, reflecting hesitation among buyers. Despite this, the $91,000 support area once again proved to be a critical level, drawing strong interest from traders monitoring short-term sentiment. Repeated defenses of this zone highlighted ongoing demand even as momentum remained weak.

On the upside, sellers continued to limit progress in the mid-$93,000 range, creating a tight battle between bulls and bears. This ongoing tug-of-war kept the market locked in a narrow range, preventing a decisive trend from forming. As long as Bitcoin remains trapped between $91,000 support and resistance around $93,000, the short-term outlook is likely to stay uncertain and choppy.

Market snapshot

The one-month chart still shows a series of lower highs from early November. A sustained break below $91,000 would expose ~$90,000–$90,500, while reclaiming ~$93,200 is needed to negate the immediate downtrend. Large caps were mixed: Ether traded around $3,150, Solana slipped, and XRP fell, as overall crypto market value steadied near the low-$3T range.

ETF flows and leadership rotation

Spot ETF flows underscored a divergence: U.S. bitcoin products posted a -$14.9m net flow on Dec. 3, while U.S. ether funds saw a $140.2m net inflow the same day suggesting capital rotation toward Ethereum. Flow tallies align with third-party trackers aggregating issuer prints.

Macro backdrop

Private payrolls fell by 32,000 in November, according to ADP, reinforcing signs of a cooling U.S. labor market and complicating rate-cut expectations into December. The mixed macro picture kept the dollar and risk assets volatile through the session. ADP Media Center+1

Institutions and access

Institutional dynamics remained in focus after Vanguard moved to allow trading of select crypto ETFs and mutual funds on its platform a notable reversal that broadens mainstream access without launching in-house funds. The opening could influence flows and liquidity into year-end.

Intraday structure and liquidity

Momentum indicators remain soft and intraday rallies fade quickly, consistent with thin liquidity above spot. Analysts noted that sellers were “not yet too aggressive” near $94K, with stronger resistance expected closer to $98K–$100K.

Bitcoin $91K support watch

Range
~$91,000 support; ~$93,000 resistance

Bear trigger
Clean break below $91,000 → $90,000–$90,500

Bull trigger
Sustained move above ~$93,200 to invalidate the short-term downtrend

Context & Analysis

Weekly leadership rotated toward ETH alongside positive ETF flows. If BTC sustains sub-$93K closes while ETH inflows persist, dominance could stall near current levels; a decisive BTC reclaim above $93.2K would likely reset short-term bias. Macro surprises (labor data, policy headlines) and evolving access (e.g., brokerage platforms enabling crypto ETFs) can amplify moves at range edges.

Conclusion

Heading into the weekend, traders are closely monitoring whether Bitcoin can maintain its crucial $91,000 support level. A decisive break below this zone could open the door for a quick move toward the $90,000 region, adding pressure to an already fragile market structure. Buyers will need to stay active to prevent further downside momentum.

On the other hand, a sustained move and close above roughly $93,200 would challenge the month-long trend of lower highs and signal an attempt to shift short-term sentiment. As with recent sessions, ETF inflows and broader macroeconomic data remain the key drivers shaping Bitcoin’s near-term direction.

FAQs

Q: Is Bitcoin still range-bound?

A: Yes, buyers have defended ~$91K while sellers cap ~$93K, keeping price compressed.

Q : Why did Ethereum outperform this week?

A : Partly due to strong spot ETH ETF flows, including ~$140.2m net inflows on Dec. 3.

Q : What could break the stalemate?

A : A daily close above ~$93,200 or below ~$91,000, ideally with higher volume and confirming flows.

Q : Did ETF flows rotate from BTC to ETH?

A : On Dec. 3, BTC ETFs saw a -$14.9m net outflow while ETH ETFs posted +$140.2m net inflow, showing rotation that day.

Q: How does macro data factor in?

A: Negative surprises like ADP’s -32,000 November payrolls can boost rate-cut odds and increase crypto volatility.

Q: What is the risk if $91K breaks?

A: A quick drop toward $90,000–$90,500 is possible before buyers attempt to stabilize.

Q: Does the exact phrase “Bitcoin $91K support” matter for trading?

A: No, it’s just shorthand for a commonly watched level; rely on your own levels and risk management.

Facts

• Event
  BTC holds range; Bitcoin $91K support tested as altcoins slip

• Date/Time
  2025-12-05T15:00:00+05:00

• Entities
  Bitcoin (BTC); Ethereum (ETH); Vanguard Group; ADP Research Institute

• Figures
  BTC range ~$91K–$93K; ETH ETF net flow $140.2m (Dec. 3); BTC ETF net flow -$14.9m (Dec. 3); ADP -32,000 jobs (Nov.)

• Quotes
  “Resistance was ‘not yet too aggressive’ near $94K.” — session commentary cited in market coverage. CoinDesk

• Sources
  CoinDesk; Farside Investors; ADP Research; Yahoo Finance.