Recent issues are piling up: "Will the 90,000 USD range sideways for so long lead to a crash?" "The divergence signal is so obvious, should I clear my positions?" First, to those who are watching candlestick charts for "breakout signals"—let me be honest—it's time to wake up. This sideways movement is not a pie for bottom-fishing opportunities, nor is it a trap for the main players to harvest retail investors. Essentially, it is a "blood exchange phase" where the market is adjusting its capital structure.

From a microstructure perspective, why does BTC stubbornly refuse to break below 90,000? One word: selling pressure has become extremely scarce.

Many people still hold outdated market logic—ranging sideways at high levels must lead to a decline, and once positive news is exhausted, a correction is due, with 90,000 being the stage top. This way of thinking needs to change. The current crypto market is no longer the weak market scene that can be manipulated into panic by a single wave of dumping.

The real noteworthy signal appeared two weeks ago during that negative shock. According to past patterns, such a level of bad news should have driven the price down to the 70,000+ range, forcing retail investors to cut heavily. But what happened? It was quickly pulled back after a quick dip. This detail reveals a lot—off-market support far exceeded expectations. Whether it was profit-taking selling pressure or panic-driven sell-offs, all were quietly absorbed by large funds unseen by the public. This is a typical manifestation of the "refusal to correct" key signal. When the market shows this kind of defensive stance, it indicates that the bullish consensus for the future has become so strong that it surpasses expectations.

From another perspective, this sideways movement is actually the market accumulating energy. The quiet flow of capital often reflects true market sentiment more than violent fluctuations.