Bitcoin trades above $90K: Here’s what bulls must do to extend 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 was 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.
