What's really happening at Bitcoin's 90k resistance level? Is it just profit-taking from traders, or are there deeper structural factors at play? Some point to spot ETF selling pressure and derivative liquidations cascading through exchanges, while others highlight macroeconomic headwinds and tightening Fed sentiment. The rejection pattern suggests multiple market participants—institutional holders rebalancing, leverage traders getting shaken out, and accumulation zones forming below. Understanding whether this is a healthy consolidation or signal of weakening momentum depends on which data points you're weighing. Volume profile, funding rates, and on-chain metrics might tell different stories about who's actually steering this price action.