"Bitcoin is holding steady above $90,000 after two consecutive sessions of gains that lifted it away from last week's lows. Bitcoin's latest rebound is being powered by the broader recovery across global equities, particularly in technology stocks. Rising enthusiasm and cooling fears around an AI bubble, has helped risk assets find firmer footing. The easing pace of long liquidations since early October has also allowed bitcoin to stabilize more smoothly."
"Whale activity remains a mixed and potentially destabilizing force. According to data from BGeometrics, humpback wallets holding more than 10,000 BTC have remained stable at 91 addresses, consistent with yesterday's reading. Their annual decline of six addresses, or -6.186 percent, suggests long-term holders are maintaining their posture without committing fresh capital. In contrast, the whale cohort holding 1,000 to 10,000 BTC continues to shrink."
"The reduction totals 57 addresses over the past week and 64 over three months, amounting to a yearly contraction of -3.266 percent. This steady migration indicates that medium- to large-scale holders are trimming exposure or redistributing holdings, a dynamic that complicates any sustained upside effort. While derivatives positioning shows the first signs of stabilization. CoinGlass data indicates that liquidation waves this week have been modest compared with the October 10 shock aftermath, allowing the market to rebuild some structure."
Bitcoin remains above $90,000 after two sessions of gains that moved it away from last week's lows. The rebound is driven by a broader global equities recovery, led by technology stocks, and easing AI-bubble fears which have bolstered risk appetite. Slowing long-liquidation pace since early October has allowed smoother stabilization, though persistent whale selling keeps upside fragile. Humpback wallets above 10,000 BTC stayed at 91 addresses, while 1,000–10,000 BTC holders shrank to the lowest count since 2024. Futures open interest rose by about $10 billion from the Sunday trough but remains far below record levels.
Read at London Business News | Londonlovesbusiness.com
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