Bitcoin is currently trading in the low-$90,000 range following a significant pullback from its October peak. The market appears to be in a consolidation phase, according to pseudonymous analyst plur daddy, who likens the situation to gold's prolonged consolidation period. Despite expectations of improved liquidity, no new market regime is anticipated. The Federal Reserve's recent interest rate cut and reserve purchases have sparked debate among traders about whether these actions constitute a form of quantitative easing. Meanwhile, the fear and greed index shows mixed sentiments, reflecting the ongoing stalemate between buyers and sellers.