Bitcoin Price Steadies Near $92K as Selling Pressure Eases; Market Awaits Stronger Demand

The price of Bitcoin (BTC) is consolidating around the $92,000 mark, showing resilience after a period of volatility. Recent on-chain data indicates a noticeable cooling in selling activity from long-term holders, a sign that could suggest a potential stabilization phase. However, analysts point out that robust buy-side demand has yet to materialize fully, keeping the market in a cautious equilibrium. The current landscape suggests that while immediate downward pressure has subsided, a decisive move upward may require a fresh catalyst or a significant influx of institutional demand to absorb available supply. Market participants are closely monitoring exchange flows and derivatives data for the next directional cue.