Bitcoin remains above $90,000 as retail selling deepens, year-end risks spur downside hedging

Bitcoin has held the low-$90,000 area as retail selling accelerates while whale buyers accumulate, according to BRN Research.Derive.xyz data show increased hedging, and options markets now assign a 50% probability that BTC ends the year below $90,000.Market structure has shifted firmly into a short-term reset, but not a full cycle breakdown, per 21Shares’ latest cycle update.