Overview
- Bitcoin is holding near $89,000–$90,000 after a failed defense of the $90,000 mark, with a retest of $87,787 and risk toward $85,569 if that support breaks on a daily close.
- Axel Adler’s Trend Pulse places the market in Bear Mode for 83 straight days, with Bitcoin’s 90‑day return near -19%, signaling persistent macro weakness.
- Short‑term signals are mixed: the 4‑hour RSI has lifted toward neutral while the MACD recently turned down, and bulls need a move above roughly $91,800–$91,942 to regain momentum.
- Flow data sends conflicting cues, with Benzinga citing a recent shift to net inflows for U.S. spot Bitcoin ETFs even as other commentary highlights roughly $6.1 billion in net outflows over three months.
- Derivatives pressure remains elevated, with Coinglass reporting about 102,360 traders liquidated for roughly $303 million in the past 24 hours, and crypto continues to lag rallies in stocks and commodities.