Bitcoin recovery attempts seen as fragile until key liquidity gauge breaks higher

Bitcoin bulls have kept the price above the $80,700–$83,400 support area, while derivatives data points to a potential liquidity sweep around $93,500. On-chain metrics from Glassnode indicate that a lasting BTC uptrend is unlikely until liquidity-sensitive indicators, especially the 90-day realized profit/loss ratio, move back into a historically strong zone. With over 22% of supply held at a loss and Binance inflows hovering near 2020 lows, analysts see reduced immediate selling pressure but warn that a deeper correction remains possible if support fails.