Bitcoin’s struggle to regain upside momentum near the $90,000 level may be less about weak demand and more about how large, long-term holders are managing their exposure, according to market analyst Jeff Park. Key Takeaways: Bitcoin’s muted price action near$90,000 is being driven by covered call selling from long-term holders rather than weak spot demand. Market makers hedging those options by selling BTC are adding steady sell-side pressure that caps rallies. Options market activity is increasingl ...