Bitcoin is demonstrating resilience, trading near the $91,000 level despite a notable cooling in trading activity on major exchanges like Binance. According to data from CryptoQuant shared by Arab Chain, Bitcoin's daily closing price was near $90,610, holding relatively stable even as daily trading volume on Binance turned negative at approximately –3,100 BTC.
The data reveals a broader and more persistent contraction, with the 30-day moving average of volume sitting much lower at –13,170 BTC. This indicates the market is in a cooling phase following a previous surge. Analysts note a temporary disconnect between price action and liquidity, suggesting the elevated price is being supported by constrained supply or seller reluctance rather than aggressive new buying demand.
Concurrently, Bitcoin has shown renewed momentum, reclaiming the key $91,000 psychological level. This move, occurring during a period of improving but still relatively thin post-holiday liquidity, signals growing confidence among market participants. The current price structure, characterized by higher lows, suggests accumulation is taking place, with buyers stepping in quickly on minor pullbacks.
Market attention is now shifting toward the $100,000 milestone. While bullish momentum is building, traders remain cautious of potential volatility traps. Broader conditions, including expectations of easing monetary policy and limited distribution from long-term holders, continue to underpin price stability. Any short-term retracements from current levels are viewed as healthy consolidations rather than trend reversals, setting the stage for a potential continuation toward higher targets.
