Crypto, TradFi sentiment improves: Will Bitcoin traders clear shorts above $93K?
Over the past two weeks, Bitcoin has repeatedly tested the $90,000 range amid improved retail and institutional sentiment. Analysts from Bernstein and BlackRock's Larry Fink suggest the Bitcoin cycle is elongating, with sovereign wealth funds and institutions accumulating at lower prices. Strategy's recent $962.7 million BTC purchase—its largest since July 2025—supports this outlook. Despite the positive sentiment, Bitcoin faces resistance between $90,000 and $93,000, with order book data showing significant sell pressure starting at $90,000. However, a cluster of short liquidations between $94,000 and $95,300 could provide fuel for a potential push toward $100,000 if bullish catalysts emerge.
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