Bitcoin is stuck below $90K until these market conditions improve

Bitcoin is currently trading near $88,000, unable to break the $90,000 resistance, primarily because on-chain activity and exchange liquidity metrics indicate a period of low market participation. Data from CryptoQuant shows the 30-day moving average of active addresses has fallen to a one-year low, suggesting reduced engagement from retail and short-term traders. Furthermore, exchange inflows on major platforms like Binance and Coinbase have contracted significantly since late November, signaling tighter liquidity and less short-term trading.

This slowdown suggests a market stalemate: low deposit activity implies long-term holders are not selling, while subdued withdrawals indicate that aggressive accumulation has paused. Technically, Bitcoin is range-bound between $85,000 and $90,000. Liquidity analysis points to key magnet zones: a downside target around $85,800 to $86,500 where significant long positions are at risk, and an upside target between $90,600 and $92,000 holding short liquidation exposure. The next significant price move will likely depend on which of these liquidity clusters is targeted first.

(Source：Cointelegraph)