Bitcoin is witnessing the largest hidden-buying spike of the current cycle, according to On-Chain Mind, even as its price struggles to reclaim the $90,000 level. Despite the sharp drop and rising selling pressure, on-chain data indicates significant accumulation by large players, suggesting potential future upside. Market sentiment remains bearish, influenced by external factors such as renewed fears of a China Bitcoin ban and concerns over Tether. While the hidden demand could signal a reversal, it may take weeks for the effects to materialize.