Bitcoin trades above $90K: Here’s what bulls must do to extend the rally
Bitcoin bulls need to pump more volume into the spot and futures market in order for the current BTC bounce to hold above $90,000.
Bitcoin (BTC) reclaimed $90,000 this week, but onchain data indicated that the move sat on shaky grounds. Despite a strong cost-basis cluster, demand, liquidity, and futures activity remained thin.
Key takeaways:
The $84,000 cost-basis cluster held 400,000 BTC, but spot demand above it remains shallow.