Bitcoin reclaims $90,000, but risk of U.S. trading day awaits

Bitcoin rose above $90,000 on Monday after finding support during Asian and European trading hours, yet traders remain cautious ahead of the U.S. market open. Historically, rallies achieved outside of U.S. hours have frequently reversed during New York trading as hedges are added and profits are taken, sometimes leading to significant liquidations. This concern is amplified by rising derivatives positioning; Bitcoin futures open interest climbed toward $60 billion, suggesting fresh leverage is entering the market. While this leverage can amplify upside if the move holds, it also makes the market vulnerable to rapid pullbacks if momentum stalls. The key test is whether Bitcoin can sustain the $90,000 level during U.S. hours to break the recent pattern of lower highs and quick reversals seen throughout December.

(Source：CoinDesk)