Bitcoin has been consolidating around $91,000 since November 12, with metrics indicating strong buying demand. Despite challenges in breaking through the $92,000 resistance, professional traders maintain a bullish outlook supported by Bitcoin derivatives. The 30-day options delta skew suggests confidence in the $87,000 support level, particularly among larger investors. MicroStrategy's recent BTC acquisition announcement intensifies speculation about significant entities driving price increases. Although investors express hope for continued appreciation, recent profit-taking was observed with $771 million withdrawn from spot Bitcoin ETFs. Futures and margin market data reflect robust bullish sentiment, with the Bitcoin long-to-short margin ratio indicating significant buyer confidence. Overall, the analysis concludes that strong momentum persists, regardless of uncertainties driven by concentrated buying activities.

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