Bitcoin Surges Past $90K as U.S. Buying Returns

Generally, I Am seeing a lot of excitement around Bitcoin lately. Obviously, the price of Bitcoin surged past the $90,000 mark on Friday, which is a big deal. Apparently, this rally marks a significant shift from the selling pressure seen in the fourth quarter of 2025. Usually, this kind of shift indicates a potential end to the end-of-year tax-loss harvesting that had driven Bitcoin’s price down by 23%.

Bitcoin Breaks $90K Amid Renewed Buying

Normally, I would say that Bitcoin’s price is pretty volatile, but this time it seems like the reversal in sentiment was evident as buying volume picked up steam at 09:30 ET. Clearly, this is a stark contrast to the consistent “4 p.m. sell-off” pattern observed throughout December. According to Data from CoinGlass, there was a 2.16% increase in futures open interest, reaching $130 billion in the last 24 hours, signaling a renewed appetite for leverage among traders.

Volume and Open Interest Spike

Obviously, the data suggests that traders are getting back into the market, and this is reflected in the increase in open interest. Usually, when open interest increases, it means that more traders are taking positions in the market. Generally, this can lead to more volatility, but it also means that there is more liquidity in the market. Apparently, this is a good thing for Bitcoin’s price.

MicroStrategy Sets a Local Floor

Apparently, MicroStrategy played a pivotal role in establishing a local floor for Bitcoin, which is pretty interesting. Normally, companies like MicroStrategy do not disclose their investment strategies, but in this case, they disclosed that they had purchased 1,229 BTC at an average price of $88,568. Usually, this kind of investment would help to defend the price range ahead of the New Year. Clearly, this is a big deal for Bitcoin’s price.

Market Outlook and Resistance

Generally, the broader market outlook remains cautious, with prediction markets assigning only a 26% probability of Bitcoin exceeding $150,000 in 2026. Obviously, this means that there is still a lot of uncertainty in the market. Usually, when there is uncertainty, traders are more cautious, and this can lead to lower prices. Apparently, immediate resistance is seen at the Q4 2025 breakdown level of $92,500, which is a key level to watch.

Timing and Institutional Sentiment

Normally, I would say that timing is everything in the market, and this is especially true for Bitcoin. Usually, U.S. liquidity was often the exit liquidity, with consistent selling during New York hours to harvest losses. Apparently, Friday’s price action confirms that the “tax drag” is gone, and market watchers should monitor the ETH/BTC ratio. Generally, if U.S. institutions are truly risk-on, expect a rotation into high-beta altcoins and miner equities to outpace spot Bitcoin in the short term.