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Lido Staked Ether 
Figure Heloc Bitcoin Tests $90K Then Slips, as Solana Sags and Ethereum’s Staking Flow Turns Positive
Timothy Young 
Is $90K resistance or the next level of support?
Bitcoin briefly pushed above $90,000 before fading back to around $87,871, leaving traders stuck on a familiar question: is $90K the ceiling, or is it about to become the floor? With BTC hovering near $88K, the market is sitting in that awkward in-between zone where every move feels important, but nothing feels confirmed.
Some analysts are starting to sound cautious. If Bitcoin can’t reclaim $90K with conviction, the chart risks slipping into a pattern that looks a lot like 2019’s post-rally hangover multiple attempts at resistance, followed by a slow grind that wears down impatient longs. At the same time, others argue the bigger picture has changed. Bitwise CIO Matt Hougan recently said the classic four-year cycle matters less in an ETF-driven market, calling this phase “a 10-year grind upward with strong returns and lower volatility.” That doesn’t mean fewer pullbacks, but it does suggest today’s chop may be part of a longer trend rather than the start of something ugly.
Solana looks heavier as fundamentals cool
Solana is feeling more fragile than Bitcoin, and it’s showing up both on the chart and on-chain. SOL trades around $125.85, more than 12% off its monthly high, with a bearish double-top forming on the weekly timeframe. That setup would already be uncomfortable, but the fundamentals aren’t offering much support right now.
Total value locked on Solana has dropped to roughly $23.8 billion from $35.1 billion back in September. Protocol fees tell a similar story, sliding from around $31 million to about $8 million over the same stretch. ETF momentum has cooled too, with inflows shrinking from roughly $199 million in the first week after launch to just over $13 million last week. Traders are eyeing $120 closely. If that level breaks, what’s currently framed as a “healthy pullback” could quickly turn into damage control for high-beta positions.
Ethereum stays quiet, but staking sends a signal
Ethereum hasn’t been dramatic on price, trading near $2,970 as buyers defend $2,900 and rallies keep running into descending resistance. But under the surface, something meaningful just changed. After about six months of more validators exiting than entering, staking inflows finally overtook exits last weekend.
The entry queue expanded, the exit queue shrank, and the estimated wait time to start staking stretched to around two weeks. It’s the first clear flip since June 2025. On top of that, BitMine reported to control around 3.4% of Ethereum’s total supply has absorbed a large share of recently unstaked ETH. Roughly 5% of ETH’s total supply has changed hands since July. As one market watcher put it, it’s “accumulation that doesn’t scream, but can still matter.”
What this setup says about the broader market
Put together, it’s a clean snapshot of late-year crypto. Bitcoin sets the macro tone. Solana reflects risk appetite first. Ethereum quietly shows what long-term holders are doing. Until BTC can clearly reclaim $90K, patience probably beats bravado.
For traders, this market is less about bold predictions and more about respecting levels. A clean Bitcoin move back above $90K would ease nerves across the board. A Solana break below $120 could pressure the rest of the high-beta space. And if Ethereum can reclaim key moving averages while staking demand stays strong, it may once again become the market’s quiet, boring winner.
About the Author
Ryan Moore 
David Rich 
John Wood 