> At a Glance
> – Bitcoin is stabilizing in the $80K-$95K range after a sharp correction
> – Spot volumes are up, sell-side aggression is down, and RSI has rebounded
> – Why it matters: Institutional inflows and calmer derivatives positioning could pave the way for a push toward $100K
Bitcoin is moving off its recent bottom as the new year begins, with both on-chain metrics and ETF flows showing signs of recovery.
Market Vitals Are Improving
Glassnode reports that the relative-strength index has climbed back into the upper-neutral band, signaling renewed upside momentum. More supply is returning to profit, realized-loss pressure has dropped sharply, and spot volumes have expanded modestly without signs of speculative excess.
- Declining loss-taking points to improving holder sentiment
- Perpetual futures show renewed buying conviction with less aggressive leverage
- US spot ETFs are posting positive inflows as institutional demand returns
Chart Levels to Watch
Trader “Sykodelic” notes that on-balance volume has broken its downtrend from Bitcoin’s $126K all-time high, driven by spot accumulation. A Coinbase premium is close to flipping positive.
| Level | Significance |
|---|---|
| $94,500 | Immediate resistance |
| $94,000 | Key support |
| $98K-$100K | Next upside cluster |
BTC reached a multi-week high of $94,600 on Monday before easing to $93,820 during Tuesday’s Asian session. The asset is up 7% year-to-date.
Institutional vs. Retail Flow
Institutions are leading the current charge while retail traders continue to sell minor rallies. Options markets still price in near-term volatility, but strikes above $100K are attracting fresh positioning.
Nick Ruck, director of LVRG Research, summed up the mood:
> “Bitcoin’s new-year rebound, fueled by renewed institutional inflows and strong options positioning for strikes above $100K, signals significant upside potential in the coming weeks.”
Key Takeaways
- Bitcoin is transitioning out of correction into a fragile consolidation
- Structural on-chain demand remains subdued, leaving the market sensitive to profit-taking
- A sustained move above $94,500 could open the path to $98K-$100K
With ETFs back in positive territory and derivatives leverage more controlled, bulls are preparing for another attempt at six-figure levels.
