Bitcoin’s $90K Drama: Will It Break Free or Stay Stuck? 🍿

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So, Bitcoin (BTC) is basically stuck in a never-ending Netflix binge at $87,000, and the onchain activity is like a party where everyone’s too cool to dance. 🕺💤 Apparently, the market’s in a “low-participation period,” which is just a fancy way of saying everyone’s waiting for something exciting to happen. Spoiler: it’s not happening. Yet. 🤷‍♀️

Key takeaways (because who has time to read the whole thing?):

  • Bitcoin’s chilling near $88,000, but the network activity is taking a nap. 😴 Sell pressure? Also napping. 😴

  • Binance and Coinbase are like, “Liquidity? What liquidity?” as inflows dry up faster than my sense of humor. 🏜️

Bitcoin’s Network Activity: The Party’s Over, Folks 🎉✖️

CryptoQuant’s data says Bitcoin’s network utility is having an existential crisis. The 30-day moving average of active addresses is at 807,000, which is basically its lowest point in a year. Retail users and short-term traders? Ghosting Bitcoin harder than my ex. 👻

Exchange flows are like, “Yeah, we’re not doing much either.” Deposits and withdrawals on Binance are at annual lows, which is basically the market’s way of saying, “Let’s just sit here and stare at each other.” 🪑👀

Long-term holders are holding on tighter than a toddler with a lollipop, and aggressive accumulation has paused because, well, caution is the new black. 🖤

Liquidity: Where Did It Go? 🌊💨

Remember when liquidity was flowing like a river? Yeah, those were the days. Now it’s more like a puddle. On Nov. 24, Bitcoin was at $88,500, and Coinbase and Binance were swimming in $21 billion and $15.3 billion in inflows, respectively. Fast forward to Dec. 21, and it’s still $88,500, but Coinbase inflows dropped 63% to $7.8 billion, and Binance is down to $10.3 billion. Basically, the market’s on a liquidity diet. 🍜✖️

Bitcoin’s Next Move: Will It Break Up or Stay Stuck? 💔❓

Technically, Bitcoin’s trapped between $85,000 and $90,000, like a bad relationship it can’t escape. It’s below the monthly VWAP, which is just a fancy way of saying it’s feeling meh. 🤷‍♀️

Binance’s liquidity clusters are pointing to two magnet zones: a buy-side FVG between $85,800 and $86,500 (hello, $60 million in long positions at risk), and an upside sell-side FVG between $90,600 and $92,000 (hi, $70 million in short liquidation exposure). So, Bitcoin’s next move? Depends on which side gets tapped first. It’s like a financial game of chicken. 🐔💸

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2025-12-24 14:52