Bitcoin t raded at $89,619, down 1.85%, moving between $88,056 and $91,564 over the past 24 hours as traders monitored liquidity trends and shifting Fed expectations. Coinbase projected a constructive recovery cycle supported by stable inflows and derivatives positioning. In institutional moves, National Bank of Canada purchased $273 million worth of MicroStrategy shares for indirect Bitcoin exposure, while Celsius advanced plans to distribute $476 million from available assets worth approximately $531 million.