Asia Morning Briefing: Bitcoin holds steady above $90K as fresh money returns to crypto

Crypto markets are in a recalibration phase, with Bitcoin steady above $90,000 and Ether showing relative strength as institutional positioning resets for the new year. Analysts suggest the sideways movement indicates digestion rather than distribution, contrasting with previous periods, as investors reset profit and loss accounts and seek new risk/reward opportunities. While Ethereum has outperformed Bitcoin recently, futures data shows cooling positioning, suggesting an unwind that has not triggered a sharp spot selloff. Overall market signals point towards consolidation, with renewed U.S. spot ETF inflows suggesting institutional demand is returning, making the market sensitive to near-term profit-taking but maintaining the overall trend.

(Source：CoinDesk)