Bitcoin (BTC) rose to $ 90,000 for the first time since March 7, adding more than 5% in the last five days when the trails of the largest cryptocurrency and traditional shares differ.

In comparison, the S&P 500 traded over 5,700 points on March 7 and has since slid below 5,200.

Despite the recent rejection, Bitcoin remains more than 5% years to date. However, it has recovered significantly from its April 8, when it was down almost 20% in the year and more than 30% below its record of about $ 109,000 in January. It marked the steepest correction of this cycle and darkened features in August 2024 when it slid to $ 49,000.

From a market structure perspective, the average eternal financing rate across exchanges is currently negative.

Perpetual financing rates reflect the cost of having long or short positions in futures markets. When the rate is negative, it means that short sellers pay long holders to maintain their positions, a set -up that can speed up the price moves higher because shorts are forced to cover their positions in what is known as a short clamp.

Adding to the Bullish Momentum Monday marked the biggest one-day influx to us spot Bitcoin ETFs since January 30, a total of over $ 380 million. With Nasdaq up more than 1% on what some observers signify “Vending Tuesday”, Bitcoin may win longer, although the most important technical resistance levels are still ahead of us.

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Update (April 22, 13:55 UTC): Adds price movement history in the third section, market structure that starts in the fourth.