Analysis: Bitcoin price remains above $90,000 as retail selling intensifies

ChainCatcher reports that Bitcoin is currently hovering in a fragile zone just above $90,000, with retail selling, significant ETF outflows, and rising downward hedging pressure expected to continue shaping the market structure through the end of the year.

Analysts note that current trading records reflect an imbalanced capital flow pattern—short-term holders and Wall Street investors are selling off in large quantities, while long-term holders, often referred to as "whales," are steadily accumulating. Timothy Misir, Head of Research at BRN, points out that Bitcoin is at a "crossroads," with large holders continuously increasing their positions while retail and short-term buyers continue to suffer significant losses. Recently, about 31,800 bitcoins have been transferred to exchanges at a loss, while the number of wallets holding more than 1,000 bitcoins has increased by 2.2%, marking the fastest growth rate in four months.