Onchain Signals Confirm New Bitcoin Bull Market, $90K Seen as Profit-Taking Risk

This is less about a price call than about the shifting interpretive frame: onchain data is being presented as confirmation, not speculation, which tends to harden conviction on both sides of the trade. The $90,000 reference matters because it converts an abstract rally into a concrete behavioral test — whether holders treat strength as an exit or as confirmation. The open question is whether that level functions as resistance or merely a waypoint, and how supply actually behaves as price approaches it.