Bitcoin is currently flashing bullish divergences in its setup against both gold and the US dollar, yet it's struggling to break above the $90K resistance level. Meanwhile, gold continues its remarkable rally toward the $4.5K record mark. Interestingly, despite these bullish technical signals for BTC, major whale wallets are aggressively piling into short positions. This divergence between technical strength and institutional bearish bets creates a fascinating dynamic in the market. The cross-asset divergence—with Bitcoin showing relative strength against traditional stores of value—suggests traders are watching this level closely. Whether the $90K barrier becomes a springboard or a rejection point will likely determine the next major move, especially given the whale positioning. The interplay between macro assets and crypto derivatives is becoming increasingly complex as large players position defensively.