Analysis: Bitcoin price remains above $90,000, retail investor selling intensifies

According to Mars Finance, Bitcoin is currently hovering in a fragile area just above $90,000, with retail investors selling, large outflows from ETFs, and increasing downward hedging pressure continuing to determine the market structure before the end of the year. Analysts indicate that the current trading records reflect an imbalanced flow of funds—short-term holders and Wall Street investors are selling off significantly, while long-term holders, often referred to as “whales,” are steadily accumulating. BRN research director Timothy Misir pointed out that Bitcoin is at a “crossroads,” with large holders continuously increasing their positions, while retail and short-term buyers are suffering substantial losses. Recently, about 31,800 Bitcoins have been transferred to exchanges at a loss, and the number of wallets holding over 1,000 Bitcoins has increased by 2.2%, reaching the highest growth rate in four months.