BTC breaks through 91,000 USDT, market share rises to 59.53%, showing short-term strength but caution is needed due to declining trading volume.

According to the latest news, BTC has broken through the 91,000 USDT threshold, with the current price at 91,008.7 USDT. This is another significant breakthrough for BTC in recent times. Meanwhile, BTC’s dominance in the entire crypto market continues to strengthen, with its market share rising to 59.53%, reaching a new high. However, it is worth noting that trading volume has experienced a significant decline, which may indicate short-term upward momentum facing correction pressure.

Technical Significance of the Price Breakthrough

BTC breaking through the 91,000 mark continues the recent upward trend. According to relevant data, BTC’s performance varies across different timeframes:

From this data, it can be seen that BTC performs strongly in the short term (1 hour, 24 hours), but faces correction pressure in the medium term (7 days). The 30-day increase of 3.78% indicates that from a monthly perspective, BTC remains in a moderate upward channel, but not a significant surge.

Market dominance further consolidates

BTC’s market capitalization has reached $1.81 trillion, accounting for 59.53% of the entire crypto market. This means that nearly 60 cents of every dollar invested in crypto assets flows into Bitcoin. This high proportion reflects BTC’s core position as “digital gold” and also indicates relatively strong market confidence in BTC.

Warning sign of declining volume

It is important to note that the 24-hour trading volume is $3.443 billion, down 20.53% from the previous day. This is a warning signal. In technical analysis, rising prices accompanied by declining volume are often seen as “volume-price divergence,” which may suggest weakening upward momentum.

Supply Side and Market Structure

According to data, BTC’s circulating supply is 19,979,806 coins, accounting for 95.14% of the total supply. The maximum supply is fixed at 21,000,000 coins, meaning less than 1 million coins are left to be mined. From a scarcity perspective, BTC’s supply is nearing saturation, which is positive for its long-term value support.

Summary

BTC breaking through 91,000 USDT is indeed a positive signal, and the increase in market share also reflects ongoing market recognition of Bitcoin. However, given the decline in trading volume, the sustainability of this rally needs to be observed. Investors are advised to pay attention to the upcoming volume performance—if volume recovers, the upward trend may continue; if volume continues to shrink, a short-term correction may occur. Additionally, the fact that the 7-day change is negative reminds us that there is still volatility risk in the medium term, and excessive optimism should be avoided.