Bitcoin Price Analysis: BTC Retreats To $91,000 As Investors Pull Back Following Global Tensions
Bitcoin (BTC) extended its recent downtrend, falling almost 2% to $91,000 on Tuesday, as sellers retained control for a sixth consecutive day. The flagship cryptocurrency has struggled to regain momentum after facing a substantial correction over the weekend, which saw the price decline to $93,633. Selling pressure persisted on Monday, with BTC trading around $91,000 during the ongoing session, down almost 2%.
Analysts believe the decline is due to leverage being flushed out, resetting over-optimistic investor sentiment. BTC could see a quick rebound if investors buy the dip.
Brian Armstrong Set To Meet Banking Executives
Coinbase CEO Brian Armstrong is set to meet with banking executives regarding the US crypto market structure bill. The meeting will take place at the World Economic Forum at Davos later this week. Armstrong confirmed the meeting in a post on X, stating,
I’m talking to different world leaders about economic freedom and how crypto can update their financial system. Stablecoins should be an opportunity for both banks and crypto companies as long as we’re all treated on a level playing field.
Coinbase announced it was withdrawing support for a revised draft of the CLARITY Act, stating that it could not support the bill in its current form. Stablecoins were a point of contention, with the banking sector claiming they could drain traditional bank deposits. However, Armstrong has argued that curbing stablecoin yield could restrict innovation and hand an unfair advantage to legacy financial institutions.
Crypto ETPs Record Positive Week
Crypto investment products registered nearly $2.20 billion in inflows last week as they continued to gather momentum and marked the largest gains since October. According to CoinShares, the bulk of inflows came early in the week. However, investor sentiment shifted on Friday with the investment products recording $378 million in outflows amid rising geopolitical tensions and tariff concerns. CoinShares head of research, James Butterfill, stated,
Sentiment was also weighed down by suggestions that Kevin Hassett, a leading contender for the next US Fed Chair and a well-known policy dove, is likely to remain in his current role.
The inflows were mostly concentrated within Bitcoin ETPs, which registered around $1.55 billion in inflows last week.
Bitcoin Whale Moves $84M After In BTC 12 Years
A dormant Bitcoin wallet transferred 909 BTC, worth over $84 million, to a new address after 12 years of inactivity. The whale moved the BTC to a new address on Monday, according to data from Lookonchain and Whale Alert. The wallet accumulated the stash in 2013, when BTC was worth less than $7. The move fits a pattern identified among dormant whales who have been moving their holdings after the flagship cryptocurrency crossed $100,000 last year. However, whale activity and selling could also drive BTC prices lower.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) registered another sharp decline on Tuesday, falling to a low of $90,558 before moving to its current level of $92,267. The flagship cryptocurrency has faced renewed selling pressure since the weekend, with analysts stating the decline was due to a leverage flush, which caught bulls off guard. The pullback triggered $233 million in long liquidations after a bullish rally pushed BTC past $97,000. According to Bitcoin researcher Axel Adler Jr., Bitcoin’s Advanced Sentiment Index fell from 80% to 44.9%. The index had reached bullish levels between Tuesday and Thursday, aligning with the recent push to $97,000.
Bitcoin open interest also declined to $28 billion, indicating that leveraged positions were unwound rather than new short positions entering the market. Meanwhile, aggregated futures cumulative volume delta (CVD) remained slightly elevated, and spot CVD remained flat.
Despite declining prices, Glassnode analysts believe spot market conditions for Bitcoin are improving, with trading volume increasing and sell-side pressure decreasing. Glassnode stated in its weekly insight,
There has been a modest lift in spot Bitcoin trading volume, while the net buy–sell imbalance has broken above its upper statistical band. This is signaling a clear reduction in sell-side pressure, but despite this, spot demand remains fragile and uneven.
Bitcoin has faced a substantial decline over the past few sessions as markets grapple with the fallout of rising geopolitical tensions and new tariff concerns.
Overall, Bitcoin remains in consolidation, but internal conditions are improving. While defensive positioning persists, strengthening buy-side dynamics and renewed institutional interest suggest a gradual rebuild toward a more constructive market structure.
Bitcoin (BTC) ended the previous weekend in positive territory at $90,872. The price faced volatility on Monday, reaching an intraday high of $92,406 before settling at $91,188. Bullish sentiment intensified on Tuesday as BTC rallied, rising nearly 4% to $95,384. Buyers retained control on Wednesday as the flagship cryptocurrency crossed $97,000, reaching an intraday high of $97,963 before settling at $96,955.
Source: TradingView
Selling pressure returned on Thursday as BTC fell 1.41% and registered a marginal decline on Friday, settling at $95,504. Price action remained bearish over the weekend, with BTC dropping 0.41% on Saturday and 1.55% on Sunday to $93,633. Selling pressure persisted on Monday as the flagship cryptocurrency fell 1.15% to $92,559. BTC is down 1.55% during the ongoing session, trading around $91,128 after dropping to a low of $90,558.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.