- Bitcoin’s chilling in its $91k-$92k cozy little band, market cap flexing at $1.8 trillion, and dominance like, “I’m still here, guys!” at 58-60%. 🤑
- Price is like, “I’m above the 200-day moving average, but $100k-$120k? Nah, I’m good.” Momentum indicators are just 🤷♀️.
- Leveraged longs are partying like it’s 2021, but liquidation risk is the uninvited guest. 🥳💥
So, Bitcoin (BTC) is basically doing the financial equivalent of scrolling through Instagram on a Monday morning-stuck around $91,500-$92,000. Spot prices are like, “Yeah, I’m near my record high, but I’m not moving till I get more likes.” The network’s market value is still flexing at $1.8 trillion, but derivatives are like, “Hold my beer,” tempering any short-term excitement. 🍻
In the last 24 hours, BTC has been trading in a tighter range than my jeans after Thanksgiving dinner-$91k to $92k. Daily volumes are fluctuating between $25 billion and $56 billion, which is basically a “meh” compared to its $1.8 trillion market cap. Circulating supply? Just under 20 million coins, because scarcity is so hot right now. 🔥
Bitcoin: The $90k Couch Potato 🛋️
Spot liquidity is still hanging out on the big exchanges, with tether pairs hogging the spotlight. Smaller venues? They’re like the side characters in a rom-com-barely there. Thin order books mean the market’s as stable as a Jenga tower after a few glasses of wine. Bitcoin’s dominance is still at 58-60%, basically the Beyoncé of crypto. 💃
Technically speaking, Bitcoin’s above its 200-day moving average, so the long-term trend is like, “I’m still cute, right?” But the $100k-$120k resistance zone is the ex it can’t quite get over. Shorter-term averages are converging, and oscillators are just shrugging. Consolidation, much? 🤷♂️
Derivatives? Oh, they’re having a party with open interest in the billions. Funding rates are positive, so everyone’s long, but liquidation risk is the hangover waiting to happen. Spot turnover? Mute. It’s like the derivatives traders are running the show while the spot market naps. 😴
Meanwhile, Bitcoin’s dominance is slipping like a bad Tinder date, and altcoins are like, “Hey, look at me!” No clear catalyst for the latest moves, just crypto being crypto-volatile AF. Past performance? Doesn’t mean squat. Prices and liquidity can change faster than my mood on a Monday. 🌪️
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2025-12-08 16:58