Bitcoin holds $90K as institutional buys meet heavy sell walls and shorts at $93K–95K
Bitcoin has repeatedly tested the $90,000 area over the past two weeks as retail sentiment and institutional interest improved. Fund managers and analysts — including VanEck’s Matthew Sigel and Bernstein commentary cited by Sigel — say the market is shifting toward a longer, more institutional-driven bull cycle. BlackRock’s Larry Fink noted sovereign wealth funds are “incrementally” buying BTC after declines from a $126,000 peak. Strategy (an institutional buyer) disclosed a 10,624 BTC purchase (~$962.7M) at an average price of $90,615 — its largest since July 2025. On-chain volume data (Hyblock) shows rising participation from small holders (0–100 BTC) while larger cohorts (1k–100k and 100k–1M BTC) appear to sell into rallies around $90k–$93k. Order-book data on Binance reveals heavy ask walls beginning at $90,000 and increasing between $94,000–$95,000. A liquidation heatmap shows concentrated short liquidity near $94,000–$95,300, indicating a potential squeeze target if fresh buying volume appears. Technical commentators note support is lower (approximately $73.7k–$76.5k) and price remains capped by sell orders and short positions in the low-to-mid $90k band. Implication for traders: upside requires fresh volume to clear sizable asks and shorts; failure to attract buy-side momentum could leave BTC range-bound or expose it to downside tests. This article is not investment advice.
Neutral
The net market effect is neutral because bullish and bearish forces are in clear balance. Bullish signals: notable institutional demand (Strategy’s 10,624 BTC buy, BlackRock commentary, improved retail sentiment) supports higher prices and could fuel a short squeeze if fresh volume arrives. Bearish/capping signals: large ask walls from $90k up to $95k and selling from larger holders in the 90k–93k range are actively capping rallies; significant short liquidity sits at ~$94k–95.3k that could both limit upside (by adding selling pressure) or be used as fuel for a squeeze if buyers step in. Technical support is materially lower (~$73.7k–$76.5k), implying substantial downside risk if buy-side momentum fails. For traders: short-term moves will likely be volume-driven — a decisive break above the 94k–95k ask zone on strong volume is bullish and could target $100k; failure to clear those asks and shorts leaves BTC range-bound or vulnerable to retracement toward the 74k–77k support. Historically, institutional accumulation combined with concentrated sell walls often produces choppy breakouts that need sustained volume to confirm direction — hence a neutral stance until either clear breakout or breakdown volume appears.