$BITCOIN recovered to around $90,500 after briefly dipping to test a crucial support zone near $89,200, aligned with its 50-day moving average. The bounce came after the early-year rally failed to sustain momentum above $95,000, triggering a short-term pullback.
Market pressure was driven by lighter trading volumes, profit-taking, and reduced expectations for U.S. Federal Reserve rate cuts, which weighed on broader crypto sentiment. Meanwhile, derivatives data show rising leverage, with open interest approaching 700,000 $BTC and funding rates remaining positive—signaling increased risk of long liquidations if prices weaken further.
BTCUSDT
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92,539.9
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