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

#Bitcoin pushed past $94,000, gaining 4.6% in the last 24 hours, fueled by heavy institutional buying even as short-term indicators show overbought conditions. The RSI around 90.8 signals potential pullback risk, but the MACD remains bullish. Key support near $89,000 may offer a stronger entry on a retracement. Trading volume reached $63.1B, lifting Bitcoin’s market cap to $1.88T and maintaining its 58.58% dominance.

Despite a $60.4M ETF outflow on December 8, institutional purchases are still outpacing mining supply by over 7x, tightening OTC liquidity and sustaining demand. U.S. spot ETFs now hold over 805,000 BTC, and clearer global regulations continue to accelerate 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. Technical levels: resistance sits at $92K–$94K (breakout could target $101K), while support at $88K–$89K remains key as overbought conditions suggest a short-term correction.