Exactly. I've been thinking the same for a while.

Why isn't btc going up? Simply because the market maker doesn't want it to rise, they are waiting for the expiration of a large number of multimillion-dollar options above 94k, it's that simple... The options expire and it shoots up like a rocket to collect the liquidity that's above as I've always said, the crypto market is not moved by supply and demand, it is moved by market makers at their whim, manipulating the order book.