On December 30, Bitcoin spent most of the session holding above the $92,000 level despite several short-lived rejection attempts near the $93,000 area, suggesting that sellers are active but not aggressive. What stands out is that this consolidation is happening alongside declining spot exchange balances, which points to reduced immediate supply rather than impulsive buying. At the same time, derivatives positioning remains restrained, with no visible surge in open interest that would normally accompany speculative breakouts. This type of price behavior has historically appeared during periods where the market is waiting for confirmation rather than chasing momentum, and if that balance persists, any directional move is more likely to come from spot-driven demand rather than leverage expansion.#bitcoin