Bitcoin Remains Range-Bound Amid Mixed Crypto Market; Institutional Interest Grows
Bitcoin remains in a volatile, range-bound pattern, unable to break above $93,000 and hovering around $92,000. A break below $91,000 would threaten support levels toward $90,000–$90,500, while reclaiming $93,200 is needed to invalidate the short-term downtrend. The one-month chart of BTC shows a descending structure since early November, with a recent rebound producing another lower high and momentum staying soft amid thin intraday liquidity above current levels.
Meanwhile, Ether outperformed major assets with more than 5% weekly gains, trading around $3,150 after modest overnight losses. In contrast, Solana fell about 4%, XRP declined nearly 5%, and Cardano dropped around 2%, contributing to a mixed session for major coins as overall market capitalization rose about 1% to around $3.2 trillion.
ETF flows indicate a capital rotation from BTC to ETH, with BTC spot products posting net outflows of $14.9 million, while ETH funds saw inflows of $140.2 million.
Macroeconomic data from the US showed ADP payrolls fell by 32,000 in November along with slower wage growth, reinforcing expectations of a possible December rate cut, with futures pricing around 90% likelihood.
Institutionally, Vanguard has expanded access to crypto ETF trading for clients. Bank of America advised institutions they can allocate 1%–4% of their portfolios to digital assets. Additionally, CME launched a Bitcoin-implied volatility index, with versions for ETH, Solana, and XRP to follow.
Analysts describe the current market phase as a composite of macro turning-point expectations combined with internal capital rotation within crypto, forecasting continued volatile and range-bound trading until BTC holds above $93,000 or breaks below $90,500.
