Bitcoin is continuing its turbulence at the level of 90,350 dollars.

Bitcoin Maintains Support Levels After Decline

Bitcoin is currently trading at $90,350 and has managed to defend the $88,200 support zone. However, momentum continues to remain below the crucial $94,500 resistance level.

On the other hand, with the uncertainty in the market, a decrease in momentum is being observed. Forward volatility has dropped to its lowest level since November 2022. As the volatility differences between Ethereum and Bitcoin widen, risk reversals are also trending negatively. Notably, open positions for Cardano (ADA) are showing the steepest decline.

Tokens Lose Value Under Low Liquidity Conditions

Low liquidity conditions have caused tokens such as Ethereum Finance (ETHFI), Fetch.ai (FET), Cardano (ADA), and PUMP to lose more than 8% of their value. In contrast, the privacy-focused Monero (XMR) has surprisingly gained. Overall, the alternative cryptocurrencies season index has fallen to 19 points, indicating weak performance.