Gate Research Institute: Bitcoin Fails to Hold the $90,000 Level | RWA Sector TVL Surpasses DEXCryptocurrency Market Overview
BTC (-0.37% | Current Price 87,393 USDT): Bitcoin remains in a narrow range between $86,000 and $90,000, having been repeatedly rejected near $90,000 since mid-December. Recent price movements resemble a consolidation phase after volatility contraction rather than a trend continuation, with both bulls and bears temporarily reaching a stage of balance. Once the price effectively breaks through the critical resistance zone of $90,000–$92,000, upward momentum is expected to re-ignite. From an on-chain perspective, Bitcoin is gradually transitioning from the previous aggressive selling phase to a stabilization phase. Currently, a large number of spot buy orders, mainly from whales, are clustered around the current price level, forming a stark contrast to earlier pullbacks dominated by retail traders and a noticeable absence of large participants. The sustained involvement of spot whales typically indicates longer-term position building, especially common in low-volatility environments.
GateResearch·25m ago