Analysis: Bitcoin price remains above $90,000, retail selling intensifies.

Bitcoin is currently hovering in a fragile area just above $90,000, with retail selling, large outflows from ETFs, and rising downside hedging pressures continuing to determine the market structure until the end of the year. Analysts say the current trading record reflects an unbalanced pattern of fund flows—short-term holders and Wall Street investors are selling heavily, while long-term holders, or investors often referred to as "whales," are steadily accumulating. Timothy Misir, head of research at BRN, points out that Bitcoin is at a "crossroads," with large holders continuing to increase their holdings while retail investors and short-term buyers continue to suffer huge losses. Recently, approximately 31,800 bitcoins were transferred to exchanges at a loss, while the number of wallets holding more than 1,000 bitcoins increased by 2.2%, the highest growth rate in four months. (The Block)