Bitcoin Supply In Profit Stalls At 71%: Still Not Enough For A Sustainable Recovery
Bitcoin is facing a critical test as volatility returns and price action remains unstable around the $90,000 level. Bulls are attempting to defend this psychological zone after recent turbulence, but confidence across the market is still fragile. With uncertainty dominating short-term sentiment, many traders are treating every bounce as a potential trap rather than the start of a confirmed recovery. Since the rebound off the lows, Bitcoin has moved into a consolidation phase, repeatedly testing resistance around $92,000–$95,000 but failing to generate sustained continuation. Each recovery attempt has been met with selling pressure, suggesting that short-term supply is still active near former breakdown zones. The latest bounce back toward $90,000 signals buyers are defending the level. But the structure still looks fragile without a clean breakout.Related Reading
Volume also reflects uncertainty, with higher activity during selloffs and more muted participation during rebounds. Bulls likely need to hold $88,000–$90,000 and reclaim the $92,000 region with conviction.
Featured image from ChatGPT, chart from TradingView.com
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