⚠️⚠️⚠️⚠️Bitcoin at a Crossroads: Battle of Bulls and Bears at $92.5K
Despite the price increase, there are no significant changes on-chain yet. Currently, BTC is trading right at the level of the short-term realized price — around $92,500. Holding above this zone is critical for a shift in market sentiment.
This is where the main struggle between bulls and bears is unfolding. Realized capital from both short-term and long-term holders is holding at support — this explains the recent price reaction.
But we need a couple more days to understand if player behavior is really changing.
Open Interest has sharply risen above $10 billion — the market is once again over-leveraged, which means sharp liquidations are possible.