Bitcoin Price Trapped Between $90.5K and $84.5K as Spot Demand Falls Below Trend

Bitcoin is losing upward momentum as on-chain data indicates spot demand has dropped below its longer-term trend since early October, suggesting softer structural support near recent highs. At the same time, derivatives metrics point to two key liquidation areas around $90,500 for shorts and $84,500 for longs, with price currently oscillating between these liquidity pools. This setup leaves Bitcoin vulnerable to sharp, liquidity-driven volatility until one of these zones is decisively cleared.