BTC Breaks Through 90,000: The Truth Behind Institutional Continuous Accumulation

According to the latest news, BTC has broken through the 90,000 USDT threshold, with the current price at 90,002.8 USDT. However, this breakthrough is not simply a story of rising—markets are moving with volatility, institutional demand is strongly supporting the price, while short-term technical indicators show pressure for correction. This is a moment that requires seeing the full picture.

The Complex Reality Behind the Breakthrough

The timing of BTC breaking through 90,000 is noteworthy. According to relevant information, over the past 24 hours, BTC has decreased by 2.37%, and over the past 7 days, it has fallen by 5.80%, but over 30 days, it is still up by 0.80%. This indicates that the breakthrough of 90,000 was not achieved in a sustained upward trend but is a rebound amid recent adjustments.

From market data, BTC’s market capitalization has reached $1.79 trillion, accounting for 59.21% of the entire crypto market, with a 24-hour trading volume of $5.556 billion. This shows that despite the correction pressure, market activity and capital scale remain substantial.

Institutional Demand Is the Key Support

The most noteworthy aspect is the movement at the institutional level. According to CryptoQuant CEO Ki Young Ju, in the past year, US custodial wallets have net added approximately 577,000 BTC, worth about $53 billion. This is a huge figure—indicating that institutional investors are continuously allocating to Bitcoin, and this stable demand provides a solid foundation for the price.

Meanwhile, large institutional wallets such as Coinbase Institutional are also active in transfer activities. Recently, a transfer of 556 BTC (about $51.62 million) to an unknown wallet was observed. Such large institutional transfers often reflect confidence in the market outlook.

ETF Liquidity Sends Dual Signals

ETF data presents an interesting contrast:

The single-day net outflow may reflect short-term profit-taking, but the net inflow over the past week indicates that long-term funds are still flowing in. This pattern suggests the market is in correction but remains confident.

Technical Indicators Show Short-term Pressure

According to the latest technical analysis, BTC is facing some short-term correction pressures:

• MACD has formed a death cross, with the histogram turning negative, indicating bearish momentum
• KDJ indicator shows a death cross
• Recent support level is at $93,683.0
• Recent resistance level is at $96,442.0
• Recent high point is at $97,267.42

These technical signals suggest the market may need consolidation in the short term, but the presence of support levels limits downside risk.

Turning Market Sentiment Signals

Interestingly, some on-chain large holders are showing a clear shift. Known as “on-chain retail investors,” whales are reducing their BTC short positions while increasing holdings in on-chain stocks and gold assets, with related holdings reaching $24.35 million. This shift from pure crypto assets to diversified asset allocation reflects market participants’ responses to recent geopolitical risks and market volatility.

Summary

BTC breaking through 90,000 is an important milestone, but the key is to understand the context behind this breakthrough. The continued strong institutional demand provides solid support for the price, with a net addition of 577,000 BTC over the past year indicating large capital confidence in the long-term outlook. Although short-term technical indicators show correction pressure, the existence of support levels and the seven-day net inflow of ETFs suggest the market is seeking a new balance point.

Currently, the market is in a “steadfast amidst volatility” state—not simply rising or falling, but institutions adjusting their allocations, technicals seeking support, and market sentiment shifting from pure crypto to diversified assets. For observers, the key is to see through these underlying forces rather than just focusing on the price itself.