Bitcoin Flashes Largest Hidden-Buying Spike of the Cycle Despite Losing $90K Level

Bitcoin is attempting to recover after a significant drop, sparking fears of a deeper downtrend. Market sentiment is weak, with increased selling across spot and derivatives markets, leading to cautious trading. Despite the bearish market conditions, on-chain data reveals a substantial hidden-buying spike, indicating strong buyer interest. This suggests major players are accumulating Bitcoin during the price decline, potentially signaling a future upside reversal. The hidden-buying spike is a positive divergence, showing buyers absorbing supply even as price action weakens. Fear in the market is amplified by negative news like China Bitcoin bans and Tether FUD, further pressuring prices. Retail investors may react to these headlines, while order flow data suggests sophisticated investors are accumulating. The 1-day chart shows Bitcoin struggling below key moving averages, indicating a shift in momentum. The price has failed to convincingly reclaim $90,000, and selling volume is outstripping buying activity. Bulls need to regain control of key moving averages, and breaking above $90,000 is critical to reverse the trend.