BTC dip to $91K linked to $100M in profit-taking sell-off

Bitcoin's recent short-term drop to the $91,000 level was caused by approximately $100 million in profit-taking sell orders, according to an analysis from BeInCrypto. The publication noted that while BTC recovered to the $94,000 mark on Jan. 6, it quickly retreated. This pullback represented a failed attempt to break through the key resistance zone between $94,000 and $95,000. Order book data across major exchanges indicated that sell orders totaling around $100 million were concentrated in this range. BeInCrypto explained that this liquidity cluster acted as a ceiling, halting the upward trend and triggering short-term profit-taking. According to CoinMarketCap, BTC is currently trading at $92,123.08, down 2.25%.