The Bitcoin Market Daily ⚡️
$BTC is grinding around 89.5–90k after the flush from 92–93k.
Quick read:
• 1h is trying to break higher, but 90k is still strong resistance.
• BTC dominance 57.5%, ETH 11.8% – capital stays in majors, high beta still ignored.
• Open interest ~27.7B, funding 0.83% – leverage rebuilding after a reset, not a blow off top.
• Coinbase premium ~-31 – weak US spot, perps keep the bid.
• MVRV ~1.58, Fear & Greed 25 – extreme fear, far from euphoria.
Below 92–93k the bias stays cautious. Negative US premium with positive funding is a fragile perp‑driven bounce, not a confirmed bottom.
Key zone: 88k–89k. Lose it and price likely revisits the 86k–87k liquidity pocket.
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