Bitcoin Holds Near $89,000 as On-Chain Signals Hint at Seller Fatigue

Overview

• Bitcoin is consolidating in a tight $88,000–$91,000 range after a rejection near $97,924 and a slide to roughly $87,000.
• The Growth Rate Difference has improved to −0.0009 from −0.0013 since late November, which analysts read as easing sell pressure even as the metric remains negative.
• CryptoQuant’s Spot Taker CVD shows concentrated buy orders around $89,000, forming a demand wall that could support a push toward about $93,000 if sustained.
• Technical momentum and participation are weak, with a bearish SMI Ergodic crossover and daily trading volume down roughly 59%, leaving downside risk toward roughly $86,000.
• Additional on-chain reads cite an all-time high in Accumulator Address Demand and a U.S. Liquidity Inventory Ratio near 3.8, signaling strong whale interest without confirming a trend reversal.