Bitcoin's recent rally is encountering challenges as dormant coins become active and market liquidity decreases. The Reserve Risk indicator has been signaling selling pressure since 2024, with older Bitcoin entering the market amidst reduced inter-exchange flows. Despite the price nearing $90,000, trading volume remains flat and the Relative Strength Index (RSI) is neutral, suggesting potential consolidation. The fear and greed index remains high, reflecting market uncertainty as older coins increase supply on exchanges and ETFs, while inter-exchange liquidity falls below key moving averages.