Bitcoin Trades Between $85,000 and $92,000 as On-Chain Data Signals Rising Pullback Risk

Bitcoin is trading in a narrow band between $85,000 and $92,000, where resistance is increasingly used by investors to exit positions. On-chain metrics show only about 65% of supply in profit and sentiment indicators have turned bearish, while analysts warn a breakdown could send the price toward the low-volume zone near $75,000. The current fragile phase began in early November and could persist before any decisive move unfolds.