Bitcoin is now breathing above $90,000 after the heavy fluctuations that happened today!
From below $88,000 (even close to $87,800 at the worst moment) to above $90,000 again, this came after Trump's comments in Davos which eased the tension a bit and postponed (or reduced) the threats of tariffs on Europe regarding the Greenland issue. What's happening is liquidations above $1 billion in the past hours, most of it on the longs that were very optimistic.
The market is still very volatile, but this bounce proves that the support around $88-89k is strong, and institutions (like MicroStrategy that is still buying) are not selling in this dip. Fear was high (Fear & Greed below 30), and now there is some recovery.