Bitcoin catches a bid, but data shows pro traders skeptical of rally above $92K

💡 DMK Insight

Bitcoin’s recent rejection at $90,769 highlights a critical moment for traders: macroeconomic uncertainty is weighing heavily on market sentiment. The lack of momentum in spot ETF flows suggests that institutional interest is still tepid, which could keep BTC trapped in a range. If the US economy shows signs of stability, we might see a resurgence in trading volumes, but until then, expect volatility. Traders should keep an eye on key support levels around $85,000; a break below could trigger further liquidations. Conversely, if BTC can reclaim the $92,000 mark, it might signal a bullish reversal, attracting more buyers. Here’s the flip side: while many are focused on macro indicators, the underlying blockchain activity remains robust. If on-chain metrics start to improve, it could provide a hidden catalyst for price recovery. Watch for any shifts in whale activity or significant transactions that could indicate a change in sentiment.