Bitcoin Tests Key Resistance While $4.7B In Sell-Side Liquidity Builds

Bitcoin has struggled to break through the $94,000 level and is now attempting to stabilize above the $90,000 mark, a zone critical for short-term structure.

Technical Momentum vs. On-Chain Caution

BTC managed a strong rebound from the Point of Control (POC) near $85,000, yet supply pressure at $94,000 remains heavy. RSI suggests building bullish pressure, but exchange netflow data shows a different story.

Sell-Side Risk Factors

Exchange Inflows: $4.75 billion in BTC and ETH moved to exchanges in 7 days.
Weekly Resistance: BTC is still trading below the weekly 50-period moving average.
Support Zone: Higher lows forming near the $85,000–$88,000 zone.

A failure to reclaim the $95,000–$98,000 range could keep Bitcoin trapped in a corrective phase, while a decisive close above the 50-week MA would target the $105,000 area.