On Tuesday, Bitcoin fell back to around 91,000 USD, after briefly regaining the 94,000 USD level the previous day. Profit-taking is ongoing among new participants.
Current data shows strong selling pressure near a key resistance level, despite improvement in fundamental demand indicators.
Profit-taking: Large sell orders have halted Bitcoin's rally
The correction occurred after an unsuccessful attempt to break above the 94,000 – 95,000 USD range. Order book data revealed nearly 100 million USD in sell orders on major exchanges.
This liquidity cluster acted as a ceiling, halting the rise and triggering short-term profit-taking.
The 91,000 USD zone for Bitcoin serves as an entry point for large-volume new buyers who emerged at the beginning of 2025. It appears these investors are now taking short-term profits after the recent volatility.
Order book heatmaps showed that sellers absorbed buying pressure as Bitcoin entered this zone.
When the upward momentum stalled, leveraged traders closed positions, accelerating the decline toward 91,000 USD. This move reflects market structure, not a sudden shift in sentiment.
Price reversal is still possible
Despite the correction, on-chain data and flow patterns suggest that the broader trend remains constructive.
CryptoQuant data shows the BTC reserve-to-stablecoin ratio on Binance is rising again. This signals growing buying power awaiting market entry.
A higher reading indicates traders are holding stablecoins and waiting for attractive entry points. They typically deploy capital during corrections, not chasing breakouts.
Such gradual liquidity inflows often precede consolidation phases, where price fluctuates within a range before the next directional move. They typically do not support sharp, vertical gains in the short term.
Institutional demand remains stable as well. Spot Bitcoin ETFs recorded net inflows of approximately 697 million USD on January 5. Total inflows have approached 58 billion USD.
Importantly, these inflows have persisted even as Bitcoin struggled at resistance. This suggests long-term positioning, not speculative demand driven by short-term momentum.
The contrast between strong ETF inflows and weak price performance in the short term highlights a growing divergence in the market.
Long-term buyers continue accumulating. Short-term traders react to technical levels and liquidity clusters. This dynamic explains why Bitcoin failed to sustain gains above 94,000 USD, yet did not trigger widespread panic selling.
There were no signs of mass inflows into exchanges or aggressive distribution by long-term holders accompanying the decline.
For now, the data points to consolidation, not a trend reversal. A breakout above 95,000 USD will likely require sustained demand in the spot market, lower liquidity on the selling side, and confirmation on risk markets.
By that time, corrections toward lower levels around 90,000 USD are consistent with the market digesting recent gains.
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