The bitcoin price briefly crossed the $90,000 mark earlier Monday, rallying from $88,000 during Asian trading hours to just above $90,000 in European and US afternoon trading. 

The surge didn’t last long as the bitcoin price dropped down near $88,000 by the end of afternoon. 

BTC has displayed a pattern in recent weeks of gaining momentum during Asian and European trading hours, only to see those advances fade once U.S. investors re-enter the market. 

Data from CoinGlass show that bitcoin futures open interest climbed earlier in the day toward $60 billion across major trading venues including Binance, CME, and Bybit. The increase suggests fresh leveraged positions are entering the…

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