$BTC Holds Strong Near $90K as Institutional Demand Accelerates

#Bitcoin surged past $94,000 with a 4.6% 24-hour gain, supported by heavy institutional buying even as short-term indicators turn overbought. The RSI near 90.8 signals pullback risk, but the MACD remains bullish, and key support around $89,000 may offer a stronger entry zone on a retracement. Trading volume hit $63.1 billion, pushing Bitcoin’s market cap to $1.88 trillion and reaffirming its 58.58% market dominance.

Despite a $60.4 million ETF outflow on December 8, institutional acquisition continues to outpace mining supply by more than 7x, tightening OTC liquidity and driving sustained demand. U.S. spot ETFs collectively holding over 805,000 BTC and clearer global regulations are further accelerating mainstream adoption.

#Binance users can explore opportunities like Babylon $BTC Staking (up to 2.5% APR) and the December Dual Investment Leaderboard offering rewards up to 5,888 USDC. Technically, resistance sits at $92K–$94K, with a breakout opening room toward $101K, while support at $88K–$89K remains the preferred pullback zone as overbought conditions hint at a short-term correction.