Analyst Says Whale Covered Calls Near $90,000 Are Capping Bitcoin's Spot Price

Market analyst Jeff Park said Bitcoin's stall around $90,000 stems from covered call selling by long-term holders, which adds steady sell pressure via market-maker hedging. He argues options flows are steering short-term moves even as spot ETF inflows remain firm. Traders are also watching the January FOMC path, with 24.4% pricing in another cut.