Bitcoin Price Climbs Over $90,000 After 7 Days, But Liquidity Concerns Linger
Bitcoin surpassed $90,000 after a week, but lingering liquidity concerns from Long-Term Holders temper optimism.Summary
Bitcoin has recovered, climbing above $90,000 for the first time in a week, though market sentiment remains cautious due to liquidity concerns centered on Long-Term Holders (LTHs). The LTH Realized Profit/Loss Ratio remains above 100x, suggesting structural support as LTHs realize profits. However, a drop in this ratio toward 10x or lower would signal deteriorating confidence and increased bear market risk.
Macro indicators show cooling stress, with one-month implied volatility declining, suggesting short-term fear is easing. Currently trading around $91,366, Bitcoin faces immediate resistance at $91,521. If LTHs continue realizing profits, BTC could break past resistance toward $95,000 and potentially $100,000; conversely, if they start realizing losses, the price could fall back toward $86,822.
(Source：BeInCrypto)