Bitcoin's market structure shows signs of weakening, with the current spot price at $90,439.35, down 0.17%. Key indicators suggest potential short-term risks despite a long-term bullish outlook. The MVRV ratio stands at 1.61, indicating a bull market range but lacking momentum. Meanwhile, funding rates remain stable at 0.08% annually, despite price declines, hinting at possible market manipulation. Exchange data reveals a net inflow of 637.2 BTC, suggesting increased selling pressure. The critical support level is at $84,000, with 709,688 BTC as the last defense line. A breach could lead to further declines. Analysts advise caution, recommending a defensive position with portfolio allocations between 0% and 40%, and emphasize risk management while waiting for clearer market signals.