Bitcoin falls to 91,800 dollars but maintains its bullish course

Bitcoin seemed to be starting a new rally, one of those sudden surges it is known for. But the momentum quickly faded. The shadow of the bear returned, erasing recent gains within hours. While some fear a dive towards 90,000 dollars, calm prevails in the crypto-sphere. No one is shouting crash. Seasoned investors rather talk about a healthy purge, a necessary passage before a new surge.

The big clean-up of traders: when leverage ignites and burns out

The BTC price stumbled down to 91,800 dollars, triggering a cascade of long liquidations estimated at 233 million dollars. A shock, certainly, but not panic. The crypto market just cleaned house: too much leverage, too much optimism. Analysts speak of a technical “reset,” a system cleanse before a possible recovery.

According to Axel Adler Jr., this type of phase always follows the same mechanics:

The market completed a classic deleveraging cycle: the bullish euphoria, with sentiment above 80%, led to an accumulation of overheated long positions. The correction triggered a cascade of liquidations exceeding 205 million dollars, and sentiment collapsed below the neutral level to 44.9%. The current regime is neutral, with a slight tilt towards caution (risk-off).

And he adds: “The improvement signal would be a return of sentiment above 50%, without a new wave of liquidations. The main risk: a continued decline of sentiment towards the 20–30% zone, which would open the way to a test of the 90,000 dollar support.”

In short, bitcoin has not broken its upward momentum. It just treated itself to a yoga session: breathing, relaxation, purge.

Cooled sentiment, intact confidence: the paradox of the crypto market

The famous advanced sentiment index, observed by crypto traders, dropped from 80% to 44.9% within hours. This figure reflects a change in tone: frenzy gives way to lucidity.

However, technical signals and on-chain data show the market remains solid. Spot sales remain limited, proving that whales are not unloading.

Experienced crypto investors see this calm as an opportunity. Data from Hyblock Capital indicates 250 million dollars in long positions were reloaded around 92,000 dollars.

An encouraging sign: strong hands are buying fear. Traders’ tweets agree on this point: as long as BTC keeps its “higher lows,” the bullish trend remains valid.

And as a ZeroCap report points out:

The market recovered relatively quickly, Bitcoin finding its balance in this zone, which suggests strong underlying demand and shows much of this macroeconomic noise is already priced in. 

The keyword of the moment: serenity.

Bitcoin on pause mode: the 90,000 dollar mark to watch

The charts speak. The 90,000 to 93,000 dollar corridor represents a crucial demand zone. It is here that bitcoin could build its next base. If this level holds, the scenario of a rebound towards 100,000 dollars remains credible.

But a break below 90,000 dollars would reopen the door to a harsher correction. For now, signals remain mixed: contained volatility, stable liquidity, strong institutional interest.

Bitcoin ETFs, still positive, act as a buffer. Inflows offset uncertainties linked to trade tensions and still unclear regulations. The most seasoned crypto investors watch sentiment: a return above 50% could reignite bullish flames.

Numbers that set the tone of the crypto market

• Current BTC price: 91,112 dollars;
• Long liquidations: 233 million dollars;
• Sentiment Index: 44.9%, down from 80% a few days earlier;
• Open Interest: 28 billion dollars;
• Reloaded long positions: 250 million dollars.

Bitcoin thus keeps its course despite turbulence. But another indicator is starting to attract attention: Bitcoin options now exceed futures contracts. This shift reveals a paradigm change. The market is learning to manage risk differently, with new sophistication, where hedging prevails over pure speculation.