Bitcoin reclaims $90K, $97K–$100K targets return as futures deleverage
Bitcoin (BTC) held $90,000 as support during the US Thanksgiving period and staged a rebound toward weekly highs near $92,000. Traders and analysts cited a crucial resistance around the 2025 yearly open above $93,000 — a break above which could reopen a path to $100,000. On-chain and market-data contributors highlighted an upside liquidity pocket at $97,000–$98,000 formed after a recent sustained sell-off, marking a likely intermediate target. Futures and spot signals point to a reduction in leveraged retail activity: CryptoQuant indicators show taker cumulative volume delta moving from negative toward neutral and a futures retail indicator flipping green, suggesting the leveraged phase may be ending and longer-term capital is returning. Analysts named include Michaël van de Poppe, Daan Crypto Trades and CryptoQuant contributors (Maartunn, XWIN Research Japan). The article frames these shifts — consolidation around $90K, liquidity at ~$97K, and futures deleveraging — as reasons Bitcoin bulls can again consider six-figure targets, while noting trade risks remain and investors should conduct their own research.
Bullish
The news collectively signals bullish momentum: BTC holding $90K support, a clear resistance breakpoint at the 2025 yearly open (~$93K) that could open a path to $100K, and visible liquidity stacked around $97K–$98K provide defined upside targets. Crucially, futures and spot metrics (taker CVD returning toward neutral; CryptoQuant retail futures indicator flipping green) imply a reduction in leveraged retail positions — historically a stabilizing factor that enables more sustainable rallies. Similar patterns were observed after previous deleveraging phases in 2020–2021 and in late 2023, when shrinking speculative leverage preceded extended spot-driven rallies. Short-term impact: higher probability of continued upside testing of the $93K–$98K area, with potential increased volatility around liquidity pockets and key resistance. Traders should watch liquidation heatmaps, open interest, and taker CVD for confirmation; a failure to reclaim the yearly open or renewed leverage accumulation would undermine the bullish case. Long-term impact: if deleveraging continues and longer-term capital reallocates into spot, market structure could shift toward a more sustainable bull trend and increase the plausibility of a six-figure BTC target, but macro events and regulatory news remain risk factors.