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Struggling under the weight of notable selling pressure, the Bitcoin price has since lost its hold on the $90,000 support, leading to a sustained downtrend through the middle of December. Despite calls for a bottom, the cryptocurrency does not seem to be heading in that direction, and some analysts have shared reasons as to why this is the case. Crypt analyst Lingrid maps out the trajectory of the Bitcoin price, showing a bullish short-term, but ultimately ending with more declines. Why The Bitcoin Price Could Crash Further Lingrid’s analysis focuses on Bitcoin’s recent price performance, having hit resistance multiple times above the $92,000 level. This comes as the digital asset is “capped below channel border,” something that is inherently bearish for the price, given the recent price action. Related Reading: Crypto Analyst Predicts How Low The XRP Price Will Go Before Bouncing The rejections between $92,500 and $93,500, according to the analyst, show that the Bitcoin price is likely to place in lower highs. Thus, even in the event of a recovery trend, this level still remains a significant roadblock to any rally. Furthermore, the crypto analyst adds that the recent slowdown in the Bitcoin price action has pushed it into a tight compression. With the price still sitting above the rising support line while this happens, Lingrid believes that this shows Bitcoin is entering into a state of equilibrium, and not strength. Usually, this means that the Bitcoin price could be headed for “directional expansion.” Presently, all eyes are on the bears and sellers as the Bitcoin price struggles to hold support. There is still the possibility that the price will rise to $92,500 before facing a rejection. In this scenario, it would trigger further decline toward $82,000 to put in lower lows. Related Reading: Can Bitcoin Price Still Hit $140,000? What The Global M2 Money Supply Says There is also the possibility that the digital asset does escape this bearish scenario, but the buyers would have to step back in the ring. Mainly, the Bitcoin price must break out and then hold above the channel, sustaining a move above $92,500. If this plays out, then Lingrid believes that the bearish thesis could be invalidated. Such a case would mean that the Bitcoin focus shifts back toward $100,000. However, with the price currently trending below $90,000 and sentiment being mostly negative, the chances of an invalidation remain slim. Featured image from Dall.E, chart from TradingView.com

Bitcoin (BTC) has been struggling to regain momentum in the market, failing to surpass its nearest resistance level of $94,000 for over a month. The cryptocurrency is currently trading within a broad range between $85,000 and $93,000, leading to growing concerns about further price corrections in the upcoming months. Amid this uncertainty, market expert NoLimit recently expressed on social media platform X (formerly Twitter) that he anticipates Bitcoin could bottom out at around $40,000 sometime in 2026. This forecast implies a significant 54% decline from current levels, which are just above $87,860. A Historical Perspective On Market Cycles NoLimit’s analysis outlines several reasons for this predicted downturn. He points out that Bitcoin has a historical tendency to surprise investors, often when confidence in the market is high. While each price cycle may appear unique on the surface, NoLimit argues that the underlying mechanics remain largely unchanged. He emphasizes the cyclical nature of Bitcoin, noting that it moves within a four-year cycle influenced by liquidity, leverage, and human behavior rather than mere sentiment.  According to him, the market is currently late in this cycle, and Bitcoin has consistently followed a three-step process during past upward movements. Related Reading: XRP Price Forecast: Key Factors That Could Propel It To $3 In Early 2026 First, Bitcoin tends to surge in price following the Halving event. This is typically followed by an influx of maximum leverage and late-stage buyers. Finally, the cycle concludes with a sharp and often chaotic reset before the next significant price expansion occurs. Historically, Bitcoin has experienced steep declines during these resets, such as an approximate 85% drop in 2013-2014, an 84% drop in 2017-2018, and a 77% drop during the 2021-2022 cycle. In each scenario, investors were convinced that the conditions were different, yet the outcomes remained consistent. $40,000 As Foundation For Bitcoin’s Next Bull Run  Considering the current market situation, NoLimit highlights several critical indicators. He notes that Bitcoin has already seen substantial price appreciation, with institutional interest and exchange-trade fund (ETF) approvals now part of the landscape.  He also observes that many traders are over-leveraged, market volatility is compressed, and there exists widespread hope for further price increases. These factors often signal a heightened risk of downside movement in the market. Related Reading: Will Bitcoin Suffer A 20% Decline After Japan’s Rate Hike? Historical Patterns Suggest So A potential drop toward the $40,000 range should not be viewed as an unforeseen disaster, according to NoLimit. He argues that significant price declines have historically preceded major upward movements.  Additionally, this price target aligns well with several technical indicators, including previous resistance levels that have turned into support, long-term moving averages, and the liquidity gap created by ETF approvals.  Such factors suggest that a move toward this region could exhaust forced sellers and provide a solid foundation for recovery. Featured image from DALL-E, chart from TradingView.com 

The yen carry trade unwind has been hovering over markets lately — the kind of “plumbing” story that most people ignore right up until volatility spikes and everything suddenly feels connected. Graham Stephan put it into a Bitcoin and crypto-friendly frame yesterday. In a Dec. 15 post, the popular YouTuber described the yen carry trade as Wall Street’s long-running “infinite money glitch” — and argued it’s breaking down just as the Fed is signaling a shift in its outlook for next year. “Wall Street found an ‘infinite money’ glitch 20 years ago. They called it the Yen Carry Trade. It just broke, right when the Fed announced its plans for next year,” Stephan wrote. What The Yen Carry Trade Unwind Means For Bitcoin He presented it as a straightforward trade that scaled because the size was big enough to matter. “For decades, the ‘Yen Carry Trade’ has been the secret engine behind global liquidity. The mechanics were simple enough that a child could understand them, but profitable enough to move trillions of dollars.” Related Reading: Market Stress Continues As Bitcoin STH SOPR Dips Below 1– When Will The Pain End? Stephan then laid out the basic steps in plain English: borrow cheaply in Japan, rotate into higher-yield US assets, keep the spread. “Borrow Cheap: Investors borrowed money in Japan, where interest rates were effectively 0%… Invest Abroad: They took that ‘free money’ and bought US Treasuries paying 4-5%… Profit: They pocketed the difference without using any of their own money.” His argument is that the setup turns toxic when the rate differential compresses and the currency leg moves the wrong way. He framed the timing as especially awkward for risk assets: Japan tightening to support the yen while the Fed eases. “Japan is finally raising rates to save its own currency right at the time when the Fed has started slashing rates. The gap between the rates is getting squeezed. The ‘free money’ isn’t free anymore.” From there, he leaned into the mechanical consequence: when funding gets more expensive and the currency shifts, leveraged positions don’t get a long debate window — they get cut. “As Japanese rates rise, that trade flips. Investors are now being forced to sell their US assets to pay back their Yen loans. Instead of money flowing into the US markets, it is being sucked out to pay debts in Tokyo. This is a massive liquidity drain happening right under our noses.” That’s also where his Bitcoin read comes in. Not “Bitcoin is broken,” but that Bitcoin is where risk appetite and leverage tend to show up early — and where forced selling can look brutal when it hits. Stephan expanded on the same theme in a Substack post, pulling the Fed into the timeline more directly and warning readers to brace for turbulence. “You better get ready for a bumpy ride,” he wrote, claiming the Fed cut rates “for the third time this year,” and that the central bank “has officially ended ‘Quantitative Tightening’ and is quietly moving back toward printing money.” Related Reading: US Bitcoin Session Leads December Returns After Weak November He added a “pilot flying blind” angle as well, arguing the Fed cut “without any inflation data whatsoever” due to shutdown-related disruptions. He attached a specific interpretation of balance-sheet policy, too: “Finally, the most important news of the day: Quantitative Tightening (QT) is over… They even announced they will buy $40 billion of Treasuries over the next 30 days. The tightening era is dead. The ‘stimulus’ era is now being rebooted, and the money printer is being turned on.” Taken together, his thesis ends up with Bitcoin sitting between two forces that don’t necessarily move on the same clock: a potentially sharp deleveraging impulse from carry unwinds, and a slower easing impulse if policy conditions loosen. One can hit price violently in a short window; the other can take time to express itself cleanly. Stephan closed with a familiar Bitcoin-with-training-wheels framing: volatility is normal, drawdowns happen, and mining economics create a reference point. “Bitcoin isn’t broken. It’s just volatile, and this isn’t the first time this is happening. Statistically, Bitcoin has seen drastic crashes of 50% or more, but it has never dropped below its “electrical cost” (the cost to mine one coin), which sits around $71,000 today. If we get close to that number, history suggests it’s a strong buy zone,” he concluded. At press time, BTC traded at $87,082. Featured image created with DALL.E, chart from TradingView.com

Bitcoin (BTC) has experienced a 4% drop, falling below the $86,000 mark on Monday, as market speculation grows regarding the cryptocurrency’s future following the Bank of Japan’s (BOJ) interest rate decision.  In a recent poll conducted from December 2 to 9, an overwhelming 90% of economists—63 out of 70—predicted that the BOJ would increase short-term interest rates from 0.50% to 0.75% at this week’s planned meeting. Experts Warn Of Impact From BOJ Rate Hikes Experts on social media have noted a concerning trend: during the last three rate hikes by the BOJ, Bitcoin has typically dropped significantly. The statistics reveal the following declines: a 23% drop in March 2024, a 26% decline in July 2024, and a 31% dip in January of this year.  Related Reading: Why XRP Isn’t Reacting to Major Institutional and Regional Developments Based on current prices just below $86,000, this would imply that if the cryptocurrency sees another 20% correction, it could drop all the way to 68,800. This would mean extending the gap compared to the all-time high of $126,000 by almost 46%.  The group of experts further highlighted that the dynamics at play in Japan significantly impact Bitcoin’s performance as Japan holds the largest amount of US debt of any nation.  When Japanese interest rates rise, capital tends to flow back to Japan, leading to reduced liquidity in dollars. This decrease in dollar liquidity often results in the selling of riskier assets like Bitcoin. On November 30, a foreboding sign of this potential downturn appeared when confirmation of Japan’s impending rate hike caused Bitcoin to dip to around $83,000, erasing approximately $200 billion from the overall cryptocurrency market. However, the bearish sentiment affecting Bitcoin is not solely the result of Japan’s actions. Market analyst known as NoLimit recently pointed to another critical factor: China’s renewed crackdown on Bitcoin mining.  China’s Mining Crackdown Spurs Bitcoin Sell-Off The analyst recently asserted that China has tightened regulations, particularly affecting operations in Xinjiang, where a significant number of crypto mining setups were shut down in December. This led to the abrupt offline status of roughly 400,000 miners. The repercussions of such a sudden shift in mining activity are already evident. The Bitcoin network hashrate has fallen by about 8%, indicating that fewer miners are actively contributing to the network.  NoLimit suggests that this sudden reduction creates immediate revenue-loss for miners, who may need to liquidate Bitcoin to cover operational costs or to relocate their equipment. Consequently, this generates actual selling pressure on the market, contributing to the downward price trend seen on Monday. Related Reading: Ethereum Price Compression Deepens as Analysts Debate if the Next Move Is a Rally or Breakdown Despite the short-term pain this creates, the analysts clarified that it does not indicate a long-term bearish outlook for Bitcoin. Instead, he views it as a temporary supply shock driven by regulatory decisions rather than a shift in demand.  Historical patterns support this notion: when China has previously cracked down on miners, the cycle follows a familiar trajectory: miners are forced offline, hashrate dips occur, prices fluctuate, and eventually, the network adapts before Bitcoin moves forward again. Featured image from DALL-E, chart from TradingView.com

The Bitcoin price outlook remains under scrutiny as market analysts assess whether the world’s largest cryptocurrency can still reach $140,000. Given BTC’s recent downturn and fluctuating price, it’s understandable that a dramatic surge to $140,000 could be viewed skeptically. However, the analyst points to global M2 Money Supply, highlighting its correlation with Bitcoin and its support for a significant upside move. New discussions have emerged in the crypto space about the relationship between the Bitcoin price action and the global M2 Money Supply. Pseudonymous crypto analyst ‘MoneyLord’ has projected a massive price surge to $140,000 for BTC based on M2 data. The analyst noted that many people are skeptical about the relevance of M2 Money Supply, likely questioning whether it still holds predictive value for Bitcoin’s performance. Global M2 Money Supply To Fuel $140,000 Bitcoin Price Surge According to MoneyLord, the recent disconnect between Bitcoin and M2 data should not be viewed as a failure of the model, but rather as a consequence of aggressive market interference and increased stress across global financial systems. In his technical report released on X, he argued that, without heavy manipulation and the collapse and insolvency of major entities, Bitcoin would have continued to track global liquidity growth. Related Reading: Is It More Profitable To Hold Bitcoin For The Short-Term? 2025 Numbers Are Here MoneyLord believes that those shocks temporarily suppressed BTC’s price expansion, likely contributing to its recent decline and slow momentum. With market conditions somewhat stabilizing, the analyst suggests that Bitcoin is poised to realign with global M2 Money Supply trends, potentially setting the stage for renewed upward momentum.  From this perspective, the current phase is viewed as a delayed reaction rather than a failed cycle. MoneyLord predicts that if Bitcoin begins to catch up with M2 data, the cryptocurrency’s price could hit a target above $140,000 sooner than the market expects. The accompanying chart illustrates this bullish outlook, showing global liquidity, represented by the blue line, continuing to rise toward the projected price.  With Bitcoin trading near $90,000 after a more than 6% decline this month, a rally to $140,000 would require a gain of at least 55%. Reaching this level would set a new all-time high, exceeding its present peak of over $126,000 by more than 10%.  Bitcoin Shows Resilience Amid Market Sell-Offs According to crypto analyst Don, Bitcoin has bounced back after a period of sharp sell-offs that shook out many traders and triggered widespread liquidations. The analyst noted that bulls have stepped in to reclaim critical support and restore confidence in the market as BTC resumes trading within a well-defined ascending triangle pattern.  Related Reading: Bitcoin Realized Losses From Entities Surges To 2022 Levels Following Crash Below $90,000 The chart shows that the triangle has an upper boundary near $94,324 and a lower boundary around $89,241. Price action inside the formation suggests that Bitcoin is consolidating and likely building momentum for a potential breakout.  Featured image from Pixabay, chart from Tradingview.com

Crypto pundit Crypto Wimar has explained why the Bitcoin, Ethereum, and XRP prices crashed, highlighting the continuous selling pressure. The crypto market is also at risk of further downward pressure due to macro factors such as the impending Japan rate hike.  Why The Bitcoin, Ethereum, And XRP Prices Crashed In an X post, Crypto Wimar revealed that Wintermute has dumped 40% of its holdings over the last three weeks, which has contributed to the crash in Bitcoin, Ethereum, and XRP prices. The crypto pundit further noted that the market maker is still dumping millions in BTC and ETH on Binance, which puts these coins at risk of further declines.  Related Reading: What’s Happening With The Bitcoin, Ethereum, And Dogecoin Prices Recently? The Bitcoin, Ethereum, and XRP prices are also crashing as crypto market investors brace for a Japan interest rate hike by the BOJ at their December 19 meeting. Polymarket data shows that there is currently a 97.4% chance that the BOJ will increase rates by 25 basis points. A Japan rate hike impacts the crypto market as it puts the yen carry trade in focus, with investors moving to sell their assets before the yen strengthens and their debt becomes more expensive.  Meanwhile, it is worth mentioning that the Bitcoin, Ethereum, and XRP prices have crashed after every Fed rate cut this year. This similar price action is playing out as the Fed lowered rates by 25 bps last week. These crypto assets had seen a notable rebound prior to the Fed rate decision last week, indicating that the cut was already priced in.  Demand for Bitcoin, Ethereum, and XRP also appears to be dwindling, even among institutional investors. Crypto analytics platform CryptoQuant stated that Bitcoin treasury growth is losing momentum, noting that the accumulation pace is slowing despite the fact that 117 new companies added BTC to their treasuries this year. Ethereum treasury company BitMine is also the only company that has continued to accumulate ETH at an impressive pace amid this market downturn.  BTC At Risk Of Drop Below $50,000 Crypto analyst Titan of Crypto has indicated that the Bitcoin price could still drop below $50,000, which also puts Ethereum and XRP at risk of crashing. In an X post, the analyst raised the possibility that a BTC bear pennant is forming. Related Reading: Why Is The Bitcoin Price Down Again? Analyst Calls Out Trading Desk For Triggering Crashes He noted that this is not a structure that market investors will typically want to see in a bull market. Titan of Crypto added that the structure is still developing, but it is one that is worth monitoring closely.  Meanwhile, the analyst’s accompanying chart showed that the Bitcoin price could drop below $50,000 as soon as February next year. It is worth mentioning that veteran trader Peter Brandt had also earlier predicted that BTC could drop below $50,000 based on his belief that the flagship crypto is already in a bear market. Featured image from Getty Images, chart from Tradingview.com

Bitcoin is facing a critical juncture as its macro retracement converges with a tight mid-range battle between $86,000 and $100,000. With bearish patterns confirmed and short-term support holding, the market now waits to see if bulls can reclaim momentum or if a deeper pullback is on the horizon. Bitcoin Confirms Macro Top: Bearish Phase Underway According to an update from Crypto Patel, Bitcoin appears to have confirmed a market top and is now transitioning into a broader macro retracement phase. The loss of a key bullish support level has shifted the market structure into a bearish phase. Related Reading: Bitcoin’s Market Structure Strengthens Despite Slower Trading Activity — Here’s Why The chart shows that a Head and Shoulders formation has fully played out. Classical technical rules suggest that the 162% downside projection has already been achieved, reinforcing the view that a cycle top is in place and a larger trend reversal is underway. Looking at the macro Fibonacci retracement from the bear-market low to the recent peak, several key levels come into focus. These include the 0.382 retracement, which sits near $56,700, and the 0.5 level around $44,000, representing a zone of potential bear-market acceptance. Additionally, the 0.618 retracement near $35,000 stands out as the strongest long-term support area. On the liquidity side, an unfilled fair value gap between $98,000 and $100,000 acts as a magnet for a short-term relief bounce before the broader downtrend resumes. Overall, the macro outlook for Bitcoin remains bearish.  While a bounce toward the $98,000–$100,000 region is possible, the dominant path points toward a deeper move into the $70,000–$60,000 Fibonacci supports. Traders are advised to wait for confirmation and remain flexible, respecting multiple scenarios as the market unfolds. BTC Trapped: $96,000–$100,000 Cap Meets $86,000 Support Bitcoin remains range-bound between two critical zones as noted by CyrilXBT. Price is hovering near the $90,300 area after facing another rejection from the $96,000–$100,000 supply zone and the 50-day EMA. This region has consistently capped upside attempts over the past several weeks. Related Reading: Report Reveals 65% Of Bitcoin Treasury Companies Struggling With Major Unrealized Losses On the downside, buyers continue to show up around the $86,000–$88,000 demand zone, preventing the price from slipping into a broader breakdown and keeping BTC locked within its current range. From a broader market perspective, Bitcoin previously cooled off while tech stocks surged. As momentum in tech begins to slow, BTC is attempting to stabilize, but a decisive reclaim of the $96,000–$100,000 zone is still required to shift momentum. A sustained move above $100,000 would open the door to trend reversal. Conversely, a loss of the $88,000 support could expose Bitcoin to a deeper pullback toward the $72,000–$76,000 region. Until either scenario plays out, price action remains choppy, and patience is warranted. Featured image from Pixabay, chart from Tradingview.com

The Bitcoin’s behavior around US Federal Reserve announcements has become one of the most consistent market patterns of the year. After every FOMC update, the world’s largest cryptocurrency has reacted with a noticeable downside move, underscoring how closely the asset is now tied to shifting interest-rate expectations and broader macro sentiment.  What Future FOMC Meetings Could Mean For Bitcoin In an X post, analyst CryptoMichNL has mentioned that the Federal Reserve (FED) is preparing to update the printer from 2021 liquidity settings toward a more supportive 2025 stance. However, this doesn’t mean it will have an immediate impact on the markets, as these things take time. As a result of the update, Bitcoin has dropped after every Federal Open Market Committee (FOMC) meeting in 2025, but these moves are primarily aimed at flushing out longs through high liquidations. Related Reading: Bitcoin In An Opportunity Zone? Hash Ribbons Flash New Buy Signal According to the expert, the actual move on the markets and the direction should come in the next 1-2 weeks, which would give a better outlook going into 2026. The bullish trend has remained intact, and the thesis is still valid. However, BTC shouldn’t break the lows during the FOMC flush. Instead, it should break the $92,000 resistance zone to retest the $100,000 level. Bitcoin is still moving in a choppy pattern, driven by illiquid order books and fast moves in both directions. CryptoMichNL has also highlighted that BTC is still in for a new upward breakout in the coming days to weeks. Despite the volatility, BTC has continued to form higher lows, which is a clear sign that an upward structure is building. CryptoMichNL noted that, as the price doesn’t break down anymore, the heavy correction in the market was highly manipulated and not organic, which is very natural for the market to return to normal. Why Bitcoin Market Structure Remains Intact Despite Deep Pullback Bitcoin has not proven to be any different from the cycle. A full-time crypto trader and investor, Daan Crypto Trades, pointed out that the good initial bounce is right off the 0.382 Fibonacci retracement level, which is taken from the entire cycle move. Realistically, that was the lowest the price could go without breaking the broader weekly market structure. Related Reading: Did 2025 Mark A Bear Market For Bitcoin? Predictions Point To A $150,000 Rally In 2026 According to Daan, the invalidation is clearly the higher-timeframe outlook, and the November lows would become a very uncomfortable place for the bulls. As the year comes to an end, a lot of the 4-year cycle selling should also be diminishing. Meanwhile, Q1 2026 is shaping up to be extremely important as it will likely reveal where the BTC cycle will move next. Featured image from Getty Images, chart from Tradingview.com

After nearly five years of dormancy, a cluster of Silk Road–linked wallets just moved 33.7 Bitcoin—roughly $3 million—in a sudden on-chain resurgence that immediately brought the BTC price back into focus. While the volume is modest, the combination of its origin, timing, and institutional destination gives it an outsized narrative impact. With Bitcoin already navigating a fragile price range, this development raises concerns about renewed downward pressure. The 33.7 BTC Silk Road BTC Transfer And Its Potential Impact On Bitcoin’s Price The movement began with a series of small outputs originating from early-era Silk Road addresses, all using the old “1…” legacy format. These wallets had last shown activity on February 2, 2021, before abruptly pushing out 176 tiny transactions that were subsequently consolidated into the bech32 address bc1qnysx9sr0s7uw39awr3hh099d5m0lvrnxz7ga54. Roughly a day later, that entire 33.7 BTC was moved again through an intermediary hop and then flagged by chain-analysis dashboards as a Coinbase Prime deposit. Related Reading: Dogecoin Price Set To Surge As Sellers Show Signs Of Exhaustion The first alert about the movement came from the X account DarkWebInformer, which spotted the burst of micro-transactions. Even after this transfer, about 416 BTC—roughly $37.5 million—remains untouched in the wider group of connected addresses. This supports the idea that the 33.7 BTC shift was simply a dust-sweep or cleanup action, not a full-scale release of seized holdings. With the operational picture clear, the focus shifts to the price impact. In terms of liquidity, 33.7 BTC is far too small to trigger a market-wide dump. What matters more is the psychological effect. Bitcoin is already trading in a corrective range, and activity linked to Silk Road history can make traders cautious. Although the Coinbase Prime routing points to OTC or custodial handling rather than a spot-market sale, the optics alone can tighten risk models and stoke volatility in the BTC price.  Dormant Wallets And Market Sensitivity Dormant Silk Road wallets have a history of resurfacing. In May 2025, two such wallets moved over 3,400 BTC—worth roughly $322 million—after nearly a decade of inactivity. The funds were transferred into new addresses rather than exchanges, showing that these movements do not automatically trigger selling and are more notable for their on-chain and narrative significance than for their impact on liquidity. Related Reading: Pundit Highlights The Condition That Will Trigger A 2,300% XRP Rally To $50 While these transfers have little direct effect on liquidity, Bitcoin’s current price action makes the market more sensitive to any headline. After approaching $94,000 earlier this month, BTC slipped back to $90,000–$92,000. On X, bearish analysts have highlighted a continuation pattern, with some projecting potential downside toward $88,000 – $89,000. This environment primes traders to react strongly to even minor negative catalysts, including long-dormant wallet activity. Overall, the recent Silk Road transfer is unlikely to trigger a standalone dump. The main pressure stems from Bitcoin’s fragile technical posture, making even small but symbolically significant moves capable of increasing short-term volatility. Featured image created with Dall.E, chart from Tradingview.com

Crypto pundit NoLimit has explained why the Bitcoin, Ethereum, and Dogecoin prices have been dumping recently. He specifically raised claims of manipulation, with these crypto prices recording gains and then fully retracing those gains.  In an X post, No Limit stated that the Bitcoin price is dumping because Binance is buying and that Coinbase is dumping a large amount of BTC. The Bitcoin decline has also sparked declines for the Ethereum and Dogecoin prices, which are known to mirror the flagship crypto. Meanwhile, the crypto pundit raised claims of BTC being manipulated.  Pundit Explains What Is Happening With The Bitcoin, Ethereum, And Dogecoin Prices NoLimit pointed out something weird that happened on the order books, noting a massive spike in Binance’s CVD, which didn’t come from retail suddenly buying millions of dollars in BTC. On the other hand, he stated that Coinbase’s CVD fell at the exact same time, indicating that the crypto exchange dumped some BTC, which sparked declines in Bitcoin, Ethereum, and Dogecoin prices.  Related Reading: Bitcoin Price Can Hit These ‘Realistic’ Bullish Targets Before The Bear Market Begins The crypto pundit highlighted the sharp decline in Bitcoin’s price as liquidity was yanked, creating a thin order book. He further remarked that one venue is getting aggressively bid up while the other is getting drained. NoLimit explained that this is not a normal spot flow and that it is likely coordinated positioning, hedging, arbitrage, or pure manipulation.  NoLimited pointed out that the Bitcoin price reacted instantly to this alleged manipulation, dropping, then pushing to $94,000, and then dropping again. This also dragged down the Ethereum and Dogecoin prices. The crypto pundit asserted that a group of people is playing with the market and that most people won’t notice until it is too late.  He stated that when crypto exchanges completely disagree on net flow like this, it is usually a warning. NoLimit added that the next big move is being set up before the public catches on. The crypto pundit urged market participants to pay attention because things are about to get interesting.  Another Pundit Raises Manipulation Claims Crypto pundit Vivek also indicated that the Bitcoin, Ethereum, and Dogecoin prices may be manipulated at the moment. He noted that BTC round-tripped from $94,000 to $88,000 three times in the last few days, liquidating both longs and shorts worth over $200 million. The pundit added that this is an example of clear market manipulation to wipe out both leveraged longs and shorts.  Related Reading: When Will Bitcoin, Ethereum, And Dogecoin Go Into A Bear Market? Crypto pundit Bull Theory also recently accused Wall Street trading firm Jane Street of manipulating the Bitcoin price. This came as the pundit noted that BTC, alongside Ethereum and Dogecoin, usually declines at the market open before recovering later. Bull Theory suggested that the firm may be manipulating the market in order to buy at lower prices. Featured image from Pngtree, chart from Tradingview.com

On Thursday, Bitcoin (BTC) once again fell below the critical $90,000 mark, even after what many had anticipated to be a bullish event stemming from the US Federal Reserve’s (Fed) decision to cut rates by a quarter point. Analysts from Bull Theory note several factors contributing to this unexpected downturn. Bitcoin Sell-Off Amid Market Unease The analysts pointed out that the rate cut itself was largely anticipated by investors weeks prior, with a 95% probability already priced into the market.  Ahead of the announcement, they identified that many positioned themselves in expectation of some form of liquidity support from the Fed, leading to a rally in Bitcoin prices.  However, when the actual cut and the accompanying plan for $40 billion in monthly T-bill purchases were confirmed, many of these “whales”—large investors in the market—began to take profits.  Related Reading: Strategy Calls For Withdrawal Of MSCI’s Exclusion Plan For Digital Asset Treasury Companies Adding to the market’s unease was Fed Chair Jerome Powell’s post-announcement press conference, where he highlighted persistent weaknesses in the labor market and ongoing inflation concerns. Furthermore, the Fed’s dot plot projections indicated the likelihood of only one additional rate cut in 2026. The situation was compounded by disappointing earnings results from Oracle, which reported its second quarter’s financials after the market’s close. The tech giant missed its adjusted revenue estimates, and higher capital expenditure projections led the stock to plunge by more than 11% in after-hours trading.  This drop also negatively impacted US stock futures, as concerns grew that the artificial intelligence (AI) boom may be peaking. The widespread fear from Oracle’s results quickly spread from equities into the cryptocurrency space. Ultimately, all three factors converged to create a significant sell-off: the rate cut was already factored into the market, liquidity trades had been preemptively enacted, and Powell’s remarks did not provide the strong easing signal that some traders had hoped for.  Positive Liquidity Conditions Expected In 2026 Interestingly, Bull Theory analysts assert that the crypto market’s recent decline is not indicative of a fundamental shift towards bearish conditions but rather an overreaction based on high expectations leading up to the Fed’s announcement.  The Fed has now enacted rate cuts three times in as many meetings, and their plans to purchase $40 billion in T-bills over the next month are designed to inject liquidity into the markets.  Moreover, Powell indicated that further rate hikes are not on the horizon as a base case, and forecasts for solid economic growth next year remain intact. Related Reading: Bitcoin Is Neither In A Bull Nor Bear Market: Expert Explains The Setup Although job gains may have been overstated, suggesting a softer labor market, this could afford the Fed greater flexibility to ease monetary conditions in the future if necessary.  The current market movements illustrate that the dumping of assets was largely driven by overly optimistic expectations rather than any deterioration in underlying fundamentals. Looking ahead, the analysts believe that next year is expected to be more favorable for Bitcoin and broader crypto prices in terms of liquidity, contrasting sharply with the conditions projected for 2025.  Bitcoin recovered above $91,100 as of this writing, amid rising volatility. This puts the top cryptocurrency 26% behind its all-time high of $126,000, set in October of this year.  Featured image from DALL-E, chart from TradingView.com 

A recent report from BitcoinTreasuries.Net highlights significant challenges faced by Bitcoin-focused treasury companies since November. The findings revealed that the vast majority of these firms are now grappling with substantial unrealized losses, prompting many to sell off considerable amounts of their Bitcoin holdings. Market Struggles Continue In a sample analysis of 100 companies with reliable cost basis measurements, approximately 65% purchased Bitcoin at prices that now exceed the current market value, leaving a considerable number of these treasuries with substantial unrealized losses.  Bitcoin’s market downturn in late November pushed spot prices down towards $90,000, leaving many buyers from 2025 at a financial disadvantage.  Related Reading: Bitcoin Outlook Post Fed’s 0.25% Rate Cut: Historical Patterns And Predictions Now, the market’s leading crypto has retraced below this key level on Thursday, even despite the Federal Reserve (Fed) rate cut announcement. Among the companies surveyed, about two-thirds are found to be sitting on unrealized losses based on current market values.  But despite the volatility in pricing, some of the largest balance sheets continued to acquire Bitcoin. Notably, firms like Strategy (previously MicroStrategy) and Strive significantly contributed to net additions in November, with Strategy accounting for approximately 75% of all monthly purchases following their sell-offs. Mining companies remain steadfast as a cornerstone of public market Bitcoin holdings. In November, they represented about 5% of new additions to the market and around 12% of the total balances held by public companies.  Bitcoin Demand Remains Strong Even as Bitcoin treasury stocks have shown softness compared to Bitcoin itself and broader equity benchmarks, many companies still pursued strategies to add BTC to their balance sheets while refining their capital-market approaches.  BitcoinTreasury.Net’s analysis indicates that nearly 50 firms have managed to achieve gains of at least 10% over the last 6 to 12 months. Over time, losses have begun to soften for some. Currently, around 140 companies have experienced declines of at least 10% over a 1 to 3 month period, while about 105 companies have seen similar declines year-to-date.  However, not all corporate holders opted to weather the storm of price fluctuations. In November alone, at least five companies decided to sell Bitcoin, with Sequans leading the charge by offloading roughly one-third of its holdings. Related Reading: Strategy Calls For Withdrawal Of MSCI’s Exclusion Plan For Digital Asset Treasury Companies Looking forward, the fourth quarter of 2025 is expected to close with about 40,000 BTC added to public company balance sheets. This figure is notably below the totals from each of the prior four quarters and aligns closely with the additions seen in the third quarter of 2024.  The report concluded that despite a clear easing in the “summer buying frenzy,” demand for Bitcoin has not entirely diminished as public corporations are adapting to a more cautious and selective approach as they reassess their recent purchases. At the time of writing, BTC traded at $89,920, down over 2% in the previous 24 hours. This places the cryptocurrency 27% behind its all-time high of $126,000 set in October of this year.  Featured image from DALL-E, chart from TradingView.com

Bitcoin is trading in a world where headlines still scream “bull” or “bear” while the underlying structure quietly refuses to play along. After spiking to an all-time high in the $124,000–$126,000 zone in early October and then shedding roughly a third of its value into November, BTC now sits in the low-$90,000s, still dominant but clearly winded. Into that confusion steps pseudonymous renowned crypto industry veteran plur daddy (@plur_daddy) who suggests the market may be in neither regime at all. “Because of the 4 year cycle, all crypto market participants are primed to view the market as either in a bull or bear phase,” he wrote on X. “What if, as a part of the market maturing, we are simply in an extended consolidation window where overhead supply is being absorbed?” It is a simple framing shift with fairly big implications. He points to gold, which “chopped between $1,650–2,050 from April 2020 to March 2024,” and argues it is “logical to assume that as BTC evolves, it will exhibit more gold-like behaviors.” In other words: not dead, not euphoric, just… stuck in a fat, liquidity-soaked range where supply changes hands from weak to strong for longer than traders raised on clean halving cycles are emotionally prepared to tolerate. Related Reading: Standard Chartered Cuts 2026 Bitcoin Price Prediction By 50% The range dynamics are already visible at the top end. According to plur, “sellers emerged aggressively whenever price entered the $120k range.” He notes there are “strong arguments” those sellers were driven by the four-year cycle meme, but “equally good arguments” they were reacting to more prosaic considerations: age, price, liquidity, thesis change, and “emerging tail risks.” If BTC revisits that zone, he thinks it is “rational for people to front run that, which helps reinforce the range.” Classic reflexivity: people remembering the last top create the next one. On the downside, he is not in the doom camp. “This also dovetails with my intuitive feeling that the lows may be in, or at the least not significantly lower than what we have seen, but upside also being capped,” he wrote, adding that liquidity conditions are “poised to moderately improve,” creating room for a bounce – just not necessarily a new regime. Or as he put it with some restraint, he’d “be cautious about betting on regime change.” Bitcoin Market Puzzled: QE Or Not QE? That “moderate improvement” is not theoretical. Yesterday’s FOMC meeting delivered a 25-basis-point rate cut, taking the Fed funds target to 3.50–3.75%, alongside a surprise announcement: roughly $40 billion a month in “reserve management purchases” (RMPs) of short-dated Treasuries, starting December 12 and guided to remain elevated for several months. The official line is that this is a technical step to keep reserves “ample” and repo markets functioning, not a new round of QE. Macro voices on X are, unsurprisingly, not unified on that distinction. Plur Daddy added via X: “This is different from QE because the main way that QE works is through pulling duration out of the market, forcing market participants to move up the risk curve. However, they snuck in there that they may buy up to 3 year treasury notes, which means some duration will be getting taken out. This is more bullish than expected, and helps bridge market liquidity into the new year.” Miad Kasravi (@ZFXtrading) insists, “FED is NOT doing QE. Just expanding balance sheet via Money-market displacement,” arguing that when the Fed buys bills, the prior holder gets cash that “has to go somewhere” and “some of it seeps into credit, equities, crypto.” Related Reading: Wall Street Giant Bernstein Predicts Bitcoin Price To Hit $1 Million By 2033 LondonCryptoClub takes the gloves off. In his view, the Fed is “basically going to print money to keep funding this deficit for as long and as large as needed,” adding that “the debasement trade is on autopilot mode.” He backs Lyn Alden’s earlier remark that “it’s money printing. Whether it’s QE or not is more semantics. Fed won’t call it QE since it’s not duration and it’s not for economic stimulus.” Lyn Alden nails it Markets are going to tie themselves up arguing over the semantics and overcomplicating it Yet they’re printing money and monetising the deficit It’s all the same thing. Admittedly, this is QE-lite…for now at least Believe it or not, market participants… https://t.co/cf7QLogWom — LondonCryptoClub (@LDNCryptoClub) December 10, 2025 Peter Schiff, predictably but not entirely irrationally, commented via X: “QE by any other name is still inflation. The Fed just announced it will be buying T-bills “on an ongoing basis.” Given that long-term rates will rise on this inflationary policy shift, it won’t be long before the Fed expands and extends QE5 to longer-dated maturities. Got gold?” So The Takeaway Is? As Plur notes, these operations expand bank reserves and ease repo stress; the Fed will primarily buy T-bills, but “they may buy up to 3 year treasury notes, which means some duration will be getting taken out.” That edges the program closer to “QE-lite” than pure plumbing. It is supportive for risk assets and it arrives precisely during the year-end liquidity doldrums, with further balance-sheet expansion mechanisms waiting in the wings. For Bitcoin, the uncomfortable answer right now is that both things can be true: the “debasement trade” is structurally alive, while price action behaves like a large, semi-institutional asset digesting a brutal rally and a fresh macro shock. Another six to eighteen months of rangebound churn, as plur suggests, “wouldn’t be strange at all.” Whether you label that bull, bear, or just purgatory is mostly a narrative choice. Markets, frankly, will trade it the same either way. At press time, BTC traded at $90,060. Featured image created with DALL.E, chart from TradingView.com

A recent post by crypto analyst Stockmoney Lizards on X suggests that the current Bitcoin structure is giving bears “the perfect opportunity” to short the market down to $40,000. His message was paired with a chart showing Bitcoin falling below an important resistance ever since it broke below $100,000, creating what appears to be a clean continuation setup for traders expecting deeper losses.  However, although the chart highlights a similar bearish structure in 2022, the analysis behind his post points to a more layered interpretation of what may come next for Bitcoin. The Setup Bears Believe Is Finally Here In the chart he shared, Stockmoney Lizards showed how Bitcoin’s latest breakdown resembles the 2022 pattern, when the price action rejected a major resistance level and fell sharply into what later became a large accumulation zone.  The current structure shows a similar rejection just above the $100,000 zone, followed by a drop below the weekly EMA50. This move has brought Bitcoin into a region that is similar to the range where accumulation formed in the earlier cycle.  An overlay of the new price action on top of the previous one shows the path downward seems almost predetermined, creating the impression that the Bitcoin price is setting up a natural decline to as low as $40,000 in the coming weeks and months. Bitcoin is currently trading at $90,240. A crash to $40,000 would mean wiping out roughly 55% of its value from here, effectively erasing the entire progress it has built over the past two years. Bitcoin Price Chart. Source: @StockmoneyL On X Why The Perfect Short Is Not The Analyst’s Real Message After the post gained traction, Stockmoney Lizards stepped in to clarify that his message had been taken too literally. His invitation for traders to short down to $40,000 was intentionally exaggerated, and the market does not behave this way.  He clarified that he does not foresee a collapse into a deep bear market. Instead, he believes Bitcoin may consolidate, possibly sweep local lows, but not have a prolonged breakdown. Furthermore, he noted that the worst-case scenario would be a touch of the weekly EMA200, and this is not a place where bull markets end. The real midterm prediction is a higher move for the Bitcoin price. Before posting the supposedly bearish prediction, Stockmoney Lizards had shared another analysis describing Bitcoin as being close to the endboss at the weekly EMA50 indicator.  Bitcoin Price Chart. Source: @StockmoneyL On X That earlier chart offered a clearer view of his actual stance. In it, he predicted that Bitcoin was approaching a major technical pivot and that he expected upward movement into the end of December and Q1 2025. Therefore, the weekly EMA50 is the barrier that Bitcoin needs to reclaim in order to launch its next phase of bullish momentum. Featured image created with Dall.E, chart from Tradingview.com

Bitcoin’s price action in the past two weeks has opened a new phase of stress among traders, with on-chain data showing realized losses climbing to heights last observed in 2022.  Glassnode’s latest Week-On-Chain report shows Bitcoin is trading above an important cost-basis level but is also visibly straining under intensified loss realization, fading demand and weakening liquidity, which has placed short-term investors in a difficult position.  Realized Losses Return To Deep Territory According to Glassnode, realized losses among Bitcoin entities have risen massively, and is now almost at the same magnitudes recorded during the deep retracements of the 2022 bear market. Particularly, the Relative Unrealized Loss (30D-SMA) has climbed to 4.4% after nearly two years below 2%. Related Reading: The Current Bitcoin Price Pump Will End In A Crash – Here’s When To Start Selling The escalation in loss realization reflects how the recent drawdown below $90,000 has forced a large number of market participants to offload coins at prices below their acquisition cost. This, in turn, has disrupted the gradual improvement in profitability seen earlier in the year.  Bitcoin’s recent bounce from the November 22 low to above $92,000 hasn’t eased the strain on holders. Glassnode noted that entities are still locking in losses at an increasing pace, with the 30-day average of realized losses now at around $555 million per day.  These conditions mean that investors are losing confidence in short-term upside prospects for Bitcoin and choose to reduce exposure, even at unfavorable prices. Therefore, the report noted that resolving it will require a renewed wave of liquidity and demand to rebuild confidence. Glassnode also highlights a sharp rise in profit-taking among long-term holders, whose realized gains have climbed to roughly $1 billion per day and briefly set a new record above $1.3 billion.  Even with this elevated level of distribution, Bitcoin is currently positioned just above the True Market Mean, which is a long-standing cost-basis benchmark that serves as a point of structural support. The recent price downturn below $90,000 has pushed this zone close to its limits, but the glimpse of demand reflected around it suggests that price could revisit the 0.75 quantile near $95,000 and possibly approach the short-term holder cost basis as well. Spot ETF, Futures, And Options Markets Indicate Weakness Glassnode’s report points to persistent softness across ETF flows, which have cooled notably after a period of strong inflows earlier in the year. This slowdown represents a reduction in one of the largest and most immediate sources of buy-side liquidity for Bitcoin. Related Reading: Why Is The Bitcoin Price Down Again? Analyst Calls Out Trading Desk For Triggering Crashes Spot market liquidity has also faded, with order books on major exchanges near the lower bound of their 30-day range. This has created an environment where trading activity has weakened through November and into December, and fewer liquidity flows are available to absorb volatility or sustain directional moves. Derivatives positioning reflects similar caution, with funding rates pinned near neutral. Futures open interest has also been subdued and has failed to meaningfully rebuild since the breakdown below $90,000.  Across all major venues, the tone is the same: liquidity is lighter, sentiment is softening, and participants are leaning defensive rather than pursuing short-term rallies. The attention is now on how Bitcoin will respond in the aftermath of the Federal Reserve’s recent rate cut. Featured image from Pixabay, chart from Tradingview.com

An experiment in Prague might end up mattering more for Bitcoin than the usual ETF inflow chart. Speaking on the “Crypto In America” show on 10 December, Coinbase Head of Institutional John D’Agostino highlighted that the Czech National Bank has begun testing Bitcoin in its national treasury and for payments, and argued that this sort of move by a Eurozone central bank is likely to spread. Czech Bitcoin Pilot Could Spread Across Eurozone “The Czech national bank chose very well in their service providers,” he said, adding that the central bank is “putting Bitcoin on their national treasury and they are experimenting with and learning in real time using Bitcoin for payments.” The pilot is small — “a million dollars of Bitcoin” — but for D’Agostino the signal is not in the size, it is in who is doing it and why. He drew a deliberate contrast with earlier sovereign experiments: “No disrespect to El Salvador… this wasn’t a ‘I want to shake up my economy because I’m heading in the wrong direction’… This is, we are a stable Euro zone country… we don’t have to do this.” Related Reading: Standard Chartered Cuts 2026 Bitcoin Price Prediction By 50% Instead, the Czech move followed “all the bells and whistles” of a traditional process: RFPs, vendor selection, formal adoption into policy. That, he suggested, is exactly what makes it dangerous — for the status quo. “That type of thing is contagious and I can see more Euro zone [countries] following suit very very shortly,” he said. The comment did not come in isolation. Throughout the interview, D’Agostino hammered a consistent thesis: institutional adoption has always been less about perfect regulatory clarity and more about liquidity, credible market structure and having the “right” types of participants in the pool. “I’ve always been a bit of a skeptic on the argument that the reason institutions haven’t invested… is regulatory clarity,” he said. Clarity is “top three,” but in his ranking it comes after liquidity and sits alongside alpha potential. If two of the three are present, “people will find a way.” Bitcoin’s spot ETFs, in his view, have already created something the asset previously lacked: a cohort of structurally compelled participants. “The ETFs, in my view, are kind of the surrogate commercial users of Bitcoin,” he argued. They “have to rebalance… it’s codified into their business model,” acting as a stabilizing force similar to industrial users in commodities markets. Related Reading: Bitcoin Lacks Fresh Momentum As Realized Cap Growth Still Declining A Eurozone central bank experimenting with Bitcoin on its balance sheet pushes that logic one step further up the food chain. D’Agostino did not spell out a grand theory of “Bitcoin as reserve asset” — he was careful, almost lawyerly, about what he could say — but the implication is not terribly subtle: when a central bank with access to normal EU funding “doesn’t have to do this” and still chooses to, it normalizes Bitcoin inside the most conservative layer of the monetary system. That sits alongside a broader reputational repair job he thinks the industry still has to finish. Crypto, he argued, has had no more structural failures than other markets — he pointed to the London Metal Exchange’s cancellation of billions in nickel trades as an under-discussed parallel to FTX — but “we tend to push the jokers to positions of prominence,” whereas TradFi “does a good job of hiding their jokers.” Between cleaner narratives, ETF-driven “surrogate” demand and now a Eurozone central bank quietly wiring a million dollars into Bitcoin, D’Agostino’s message was that the institutional story is less about a sudden wave and more about erosion. “There’s no wave,” he said earlier in the conversation. “It’s this gradual erosion as opposed to this crashing wave.” If he is right about the Czech experiment being contagious, that erosion may soon be happening from the inside of the Euro system as well, not just from asset managers in New York. At press time, BTC traded at $90,234. Featured image created with DALL.E, chart from TradingView.com

In a move that could signal a bullish shift for Bitcoin (BTC) and the broader cryptocurrency market, the Federal Reserve (Fed) announced a 25 basis points (bps) interest rate cut, bringing the new rate range to 3.5% to 3.75%.  Bitcoin Poised To Surge Toward $100,000? Kevin Hassett, the White House economic adviser and a leading candidate to become the next Fed chair, commented to the Wall Street Journal CEO Council that there is “plenty of room” for additional interest rate cuts.  He stated, “If the data suggests that we could do it, then — like right now, I think there’s plenty of room to do it.” Hassett, who is President Donald Trump’s preferred choice for the Fed chair position after Jerome Powell’s tenure concludes, has been critical of Powell for being “too late” in lowering rates. Related Reading: Crypto Market Structure Talks: Senator Lummis Addresses Latest Legislation Plans While the last rate cut in October had minimal impact on the Bitcoin price, analyst Michael van de Poppe believes that the current rate cut could significantly benefit the cryptocurrency. He characterized it as a “great move” for Bitcoin and noted that a breakout above $92,000 might be indicative of future bullish momentum.  Van de Poppe expressed optimism about Bitcoin’s ability to maintain the support level between $91,500 and $92,000, suggesting that if it does, there could be a pathway for Bitcoin to approach the $100,000 mark. Can BTC Avoid Historical 10% Decline? Market expert Ash Crypto pointed out that historically, each of the last four times the Fed slashed rates by 25 bps, Bitcoin experienced a 5% to 10% decline shortly thereafter. Despite this pattern, Ash noted that the current market setup differs from previous scenarios, suggesting that different dynamics could be at play. Related Reading: Ethereum Price Climbs Toward $3,300 For The First Time Since November: What’s Driving The Surge? Several positive factors underpinning this optimism include the conclusion of quantitative tightening (QT) after a three-year period. Should Powell hint at the possibility of quantitative easing (QE) in his forthcoming remarks, it could spur a further bullish trend in the market.  Additionally, with this being the third rate cut, Ash asserted that there is potential for increased liquidity to flow back into the markets, which historically benefits risk assets like Bitcoin. Featured image from DALL-E, chart from TradingView.com 

Crypto analyst Bull Theory has explained why the Bitcoin price has been crashing recently. The analyst pointed out that Wall Street traders were responsible for the price declines, indicating that these trading desks were manipulating the market for their own benefit.   Analyst Explains Why The Bitcoin Price Is Crashing In an X post, Bull Theory blamed Jane Street for the Bitcoin price’s constant crash at 10 a.m. ET when the U.S. market opens. The analyst pointed out that BTC erased 16 hours of gains in just 20 minutes after the U.S. market opened. This has notably been happening since early November, when the flagship crypto fell below $100,000. Meanwhile, a similar price action also played out in the second and third quarters of this year.  Related Reading: Confirming The Bitcoin Price Direction: Analyst Reveals What You Should Look Out For Bull Theory noted that another analyst, Zerohedge, has claimed that Jane Street is most likely the entity responsible for this Bitcoin price crash. The analyst stated that the chart shows a pattern that is too consistent to ignore, with a clean wipeout within an hour of the market opening, followed by a slow recovery. He added that this is classic high-frequency execution and that it fits Jane Street’s profile.  Bull Theory stated that Jane Street is one of the largest high-frequency trading firms in the world and that they have the speed and liquidity to move markets for a few minutes. The analyst claimed that their behavior is simple: dump BTC at the market open, push the Bitcoin price into liquidity pockets, and then re-enter at a lower price.  By doing this, the analyst claimed that Jane Street has accumulated billions in BTC. The trading firm is said to hold $2.5 billion worth of BlackRock’s Bitcoin ETF, which is its 5th-largest position. Bull Theory added that this means most of the dump in the Bitcoin price isn’t due to macro weakness but manipulation by this entity. He expects that BTC will continue its upward momentum once these big players are done buying.  Bitcoin At Risk Of A Decline Post-FOMC Crypto analyst Ali Martinez indicated that the Bitcoin price was at risk of a significant decline following today’s FOMC meeting. He pointed out that BTC has consistently reacted negatively to FOMC meetings, with six out of seven meetings this year leading to corrections for the flagship crypto.  Related Reading: Bitcoin RSI Shows Shocking Similarities To 2012-2015, But What Happened Last Time? The Bitcoin price had rallied to as high as $94,500 yesterday in anticipation of a third rate cut this year from the Fed. According to CME FedWatch, there is currently a 90% chance that the Fed will lower rates by 25 basis points (bps). A CryptoQuant report noted how these rate cuts have turned out to be a ‘sell the news’ event on the two occasions the Fed lowered rates this year, with the probability of this price action playing out again.  At the time of writing, the Bitcoin price is trading at around $92,600, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

Despite a noticeable cooldown in trading volumes, Bitcoin’s underlying market structure has continued to strengthen. The price action has stabilized within a narrow range as long-term holders maintain firm conviction. As more BTC flows into cold storage and supply on exchanges tightens, the market is transitioning from hype-driven swings to steady structural support. How The Price Compression Builds Energy For A Larger Move CIO and founder of MNFund and MNCapital, CryptoMichNL, emphasized that Bitcoin shares a strong correlation with the Nasdaq. While Nasdaq continues to show steady resilience, BTC has stalled behind. This mismatch creates a mispricing and market divergence, which is why the path toward $100,000 remains wide open and why the 4-year cycle thesis doesn’t hold up. Related Reading: Did 2025 Mark A Bear Market For Bitcoin? Predictions Point To A $150,000 Rally In 2026 Recently, BTC saw a massive correction, dropping from $115,000 to $80,000 in just two weeks. During that same liquidation period, what LVisserLabs calls the rotation between Pure Vol vs. Pure Profitability or Beta vs. Quality has fallen sharply. Beta here refers to high-volatility, high-beta stocks, which are essentially tech stocks that drive the markets. Meanwhile, Quality means more risk-off assets, including high-quality, profitable, and stable companies.  Currently, BTC has stalled after the sell-off, and the Beta assets have recovered substantially, implying that the stocks have inverted their loss with the big drop and are now grinding upwards, signaling that risk-on appetite is clearly back. With this kind of structural divergence, it’s likely that in the coming weeks or months, BTC will grind upward to $110,000 and $115,000 levels, reversing the drop as the entire correction was a little dubious. CryptoMichNL advised that instead of relying on a time-based sounding the 4-year cycle assumption, it is better to focus on the charts and macro relationships that directly influence BTC price. On-Chain Activity Shows Clear Confidence From Big Money The ambassador of StandXOfficial and the KOL of Binance, who is also an advisor at KOLsAgency, Investor Ucan, has highlighted that the evidence of Bitcoin’s latest upward move is already on-chain. The last six hours have revealed a clear surge of institutional demand. On-chain data shows that Binance purchased 7,298 BTC, Coinbase bought 1,362 BTC, Wintermute bought 2,174 BTC, BlacRock bought 1,362 BTC, and an unknown whale bought 6,192 BTC. In total, 20,438 BTC were purchased in just six hours, valued at approximately $1.9 billion. Related Reading: Bitcoin Settles In Consolidation Zone – Levels To Watch Ucan noted that the timing of this purchase is what stands out. These inflows hit the market hours before the Federal Reserve’s upcoming employment data was released. Institutional is clearly expecting a supportive outcome. A positive print refers to easing expectations and fresh liquidity on the horizon. Retail traders are reacting, and the institutions are anticipating early. If the Fed confirms what these flows imply, today’s buying won’t look like simple momentum, but preparation. Featured image from Pixabay, chart from Tradingview.com

When Strategy disclosed its acquisition of more than 10,000 Bitcoin worth $1 billion, market watchers anticipated an immediate rally. Instead, Bitcoin’s price barely moved. The muted response was not a reflection of weak demand but the result of how the purchase was executed. In response to the confusion surrounding the stagnant price action, Quinten Francois explained the mechanics behind the transaction, clarifying why such a large buy left no visible impact on the chart. The Invisible Plumbing Behind Institutional Bitcoin Accumulation On 9 December 2025, Andrew Tate questioned why a massive 10,000 BTC buy failed to nudge the market. The answer, as analyst Francois explained, lies in the operational backbone of over-the-counter (OTC) desks—an ecosystem designed to absorb billion-dollar flows while keeping price action stable. These desks operate entirely outside exchanges. When a firm wants thousands of BTC, nothing is executed against the real-time order book. Instead, OTC operators start sourcing supply quietly from large holders looking to offload position size. Related Reading: Dogecoin Price Set To Surge As Sellers Show Signs Of Exhaustion This pipeline includes deep private liquidity that retail traders never see: miners selling block rewards, VCs rotating out of token allocations, market makers rebalancing inventory, and even corporate treasuries restructuring reserves. None of these trades appear on exchange feeds. According to Francois, they do not trigger volatility, sweep liquidity pools, or create the upward pressure that retail investors typically expect from large buys. More critically, Francois notes that these transactions do not occur in a single block. A 5,000–10,000 BTC order is never filled all at once. Instead, OTC desks spread procurement over days or even weeks, accumulating inventory piece by piece. Only when enough matched supply is gathered do they finalize the transaction, resulting in a smooth settlement with no visible footprint on price charts. Why No Price Rally Emerges From Shadow-Side Demand Shadow-side demand refers to large-scale institutional buying that occurs entirely outside public exchanges. These hidden transactions do not trigger price rallies because OTC infrastructure is designed to prevent slippage, volatility, and market distortion. Institutions acquiring strategic size deliberately avoid pushing prices higher, while liquidity providers are incentivized to maintain stability. By keeping trades off public exchanges, both sides protect execution quality and preserve overall market integrity. Related Reading: Pundit Highlights The Condition That Will Trigger A 2,300% XRP Rally To $50 A rally only emerges when open-market demand exceeds visible liquidity. In this case, the demand never hit the open market. OTC desks tap private channels first and only touch exchanges if supply dries up—and that is considered a last resort. If enough sellers are found privately, no exchange-side buying occurs at all. This is why public charts often show sell pressure but rarely show institutional demand. The buys happen in the shadows, the sells appear on-chain, and the price remains anchored. Strategy’s $1 billion allocation did not fail to move the market; it was intentionally engineered not to. Featured image created with Dall.E, chart from Tradingview.com

Over the last few days, the Bitcoin price has fluctuated, but the most prominent moves have been upwards, going from below $90,000 to over $94,000. As expected, this rapid climb already has investors calling for a return of the bull run, but not everyone is convinced. For some, the current Bitcoin price momentum is most likely a bull trap, and crypto analyst Xanrox highlights this in a recent analysis, outlining the best level to start selling the digital asset. Why The Bitcoin Price Risks A Crash To $74,000 Xanrox’s analysis focuses on the bearish formations that have appeared on the Bitcoin price crash following the recent upward move. While many in the crypto community celebrate the rise above $90,000 again, the crypto analyst sounds an alarm that this is the time to go bearish on the cryptocurrency. Related Reading: Why The Litecoin Price Could Stage A 33% Rally To $110 According to the analysis shared on the TradingView website, there has been a clear bear flag formation for the cryptocurrency. This bearish formation is visible on both the 12-hour chart and the 1-Day chart. Regardless, both of these charts point to one possible outcome, and that is an almost perfect textbook bear flag formation. In addition to the bear flag formation, Xanrox also highlights that there is a WXY corrective pattern inside the bear flag. Both of these point to a possible continuation to the initial downtrend that began after the Bitcoin price hit $126,000 back in October. As for how far the current rally could go, the crypto analyst sees it reaching as high as $96,000 before momentum runs out. This presents the “perfect” time to sell or enter a short as the price continues its decline. The target for this is an over 25% crash that will send the price going toward $74,000. Related Reading: Shiba Inu’s Volume Explosion: Leading Meme Coin Barrels Ahead In This Metric The $74,000 target makes an appearance as it is a swing low from April 2024, meaning that crypto traders who are long on the digital asset would have their stop losses below it. Thus, this makes it an attractive point for market makers to push the price towards in order to clear significant liquidity. The timeframe for this to play out is placed over the next few weeks, riding out the end of 2025 and moving into January 2026. However, the swing low support at $74,000, if it holds up, could end up serving as the next bounce-off point for the Bitcoin price. Featured image from Pngtree 42, chart from TradingView.com

Standard Chartered has sharply reduced its famously bullish Bitcoin roadmap, cutting its 2026 price target in half and acknowledging that its previous near-term projections were too aggressive, even as it keeps an ultra-optimistic long-term view intact. Standard Chartered Downgrades Bitcoin Price Predictions In a note shared on X by VanEck head of research Matthew Sigel, Standard Chartered argues that Bitcoin’s traditional halving cycle has been overtaken by ETF-driven flows. The bank writes: “With the advent of ETF buying, we think the BTC halving cycle is no longer a relevant price driver. The logic in previous cycles (when US ETFs did not exist) – i.e., prices would peak about 18 months after each halving and decline thereafter – is no longer valid, in our view.” The report adds that it will “take a break of the current all-time high ($ 126,000 on 6 October 2025) to prove that; we expect this to happen in H1-2026.” Related Reading: Bitcoin In An Opportunity Zone? Hash Ribbons Flash New Buy Signal Alongside that shift in framework, the bank re-profiled its multi-year Bitcoin targets. According to the figures shared by Sigel, Standard Chartered has lowered its 2025 forecast from $200,000 to $100,000, its 2026 target from $300,000 to $150,000, its 2027 projection from $400,000 to $225,000, its 2028 estimate from $500,000 to $300,000, and its 2029 prediction from $500,000 to $400,000 while keeping a $500,000 target for 2030. Geoff Kendrick, Standard Chartered’s head of digital assets research, characterises the recent drawdown as painful but not structural. He describes the current phase as “a cold breeze,” explicitly rejecting the notion of a new crypto winter and noting that the magnitude of the pullback remains consistent with corrections seen in past bull cycles. At the same time, he points out that weaker valuations for listed Bitcoin treasury companies have curtailed their ability to act as major marginal buyers, leaving spot ETFs as the primary driver of near-term gains. Related Reading: Bitcoin To Hit $50 Million By 2041, Says EMJ Capital CEO Wall Street Giant Bernstein Agrees The downgrade also lands in the context of a broader rethink on Wall Street. One day earlier, on December 8, Sigel shared a separate note from Bernstein that reached a similar conclusion about Bitcoin’s market structure. Bernstein wrote that “the Bitcoin cycle has broken the 4-year pattern (cycle peaking every 4 years) and is now in an elongated bull-cycle with more sticky institutional buying offsetting any retail panic selling.” Despite an approximately 30% correction, the firm notes that “we have seen less than 5% outflows via ETFs.” On that basis, Bernstein now moves its 2026 Bitcoin price target to $150,000, sees the cycle “potentially peaking in 2027E at $200,000,” and keeps its long-term 2033 target at roughly $1,000,000 per BTC. Both Standard Chartered and Bernstein are converging on the same structural message: the halving alone no longer explains Bitcoin’s trajectory. ETF flows, institutional positioning and balance-sheet dynamics are now the core variables, even if their precise price targets and timelines diverge. At press time, Bitcoin traded at $92,686. Featured image created with DALL.E, chart from TradingView.com

During what many anticipated would be the year of a major Bitcoin (BTC) bull run, market expert Axel Adler has revealed that the leading cryptocurrency finds itself at the midpoint of a bear cycle.  A Mild Bear Cycle Compared To History As of now, Bitcoin has recorded a modest year-to-date decline of 4%. However, the cryptocurrency has shown some stability this week, consolidating in the range of $89,000 to $94,000, with the latter figure serving as immediate resistance.  According to Adler, this current correction, which stands at approximately -32%, is considered less severe compared to previous bear cycles. He emphasizes that approximately 88% of Bitcoin holdings remain in unrealized profit, while only about 12% of the total supply is currently at a loss. Adler points out that Bitcoin’s price action has remained relatively steady within the $90,000 zone, reflecting a mild drawdown in historical context.  Related Reading: Shiba Inu’s Volume Explosion: Leading Meme Coin Barrels Ahead In This Metric The crucial question as the year approaches its end is whether this correction will stabilize between -35% and -40% from its all-time high, indicating a new, more “flattened” cycle, or if the market will follow historical trends that typically lead to deeper declines of -60% to -70%. Analyzing past cycles, Adler notes that major bear markets in 2011, 2016, 2019, and 2023 were characterized by a significant increase in the percentage of coins at a loss, often rising to around 60%. These levels typically marked capitulation points in the market.  In contrast, the current landscape shows only 12% of holders experiencing unrealized losses, which diverges sharply from the patterns observed during past bear markets. Can Bitcoin Avoid Deeper Declines? The expert further noted that during recent local cycle peaks, only about 17% of coins were in the red, a figure that remains three to four times lower than traditional capitulation levels.  This unusual configuration suggests that the current market may resemble a correction within a bullish supercycle rather than the final downturn of a full-blown bear market. Adler believes that the market appears to be testing the resilience of this correction structure, which stands at -32% from its peak, while maintaining a high ratio of profitable positions.  Related Reading: Pundit Highlights The Condition That Will Trigger A 2,300% XRP Rally To $50 He argues that if Bitcoin can sustain this maximum drawdown above the -35% zone alongside moderate unrealized losses, it could bolster the case for a shift towards more “flat” corrections influenced by institutional demand and a structural supply deficit. On the contrary, should Bitcoin’s correction extend beyond the -40% mark, the likelihood of entering a classic bear market increases significantly. Such a scenario would pave the way for deeper declines, potentially reaching the -60% to -70% range, and could trigger a full capitulation phase in terms of unrealized loss metrics. At the time of writing, the market’s leading cryptocurrency is trading at $93,000, marking gains of 5% and nearly 9% in the 24-hour and 14-day time frames, respectively. Featured image from DALL-E, chart from TradingView.com 

Bitcoin is currently holding steady, trading water around the critical $90,000 level as the market enters a period of high compression. With ETF inflows slowing down, the price lacks the momentum to break through overhead resistance. The highly anticipated FOMC meeting is expected to provide the necessary catalyst to end the current consolidation and dictate Bitcoin’s next major directional move. BTC Compression Intensifies: Scaling Back Intraday Scalps According to a recent update from Lennaert Snyder, Bitcoin continues to tighten within a compression phase. The market has been trading in an increasingly narrow range, signaling that a larger move is approaching. Snyder noted that the scalp long and short setups from his previous analysis played out well. Related Reading: Bitcoin RSI Shows Shocking Similarities To 2012-2015, But What Happened Last Time? He explained that as compression increases, the reward-to-risk ratio naturally declines. While the trades were profitable, they still fell into the category of “C-setups,” meaning they lacked the cleaner momentum and clarity found at range boundaries. Snyder emphasized that the best trading opportunities always emerge at the edges of a range. With the current setup, his focus remains on the key resistance area around $94,000. A breakout above that level could offer long opportunities, while a failure there may open the door for shorts. On the downside, if price sweeps the lows and returns to the $87,400 support region, long entries are likely following signs of reversal. However, he added that if Bitcoin fails to show strength during this phase, he is not eager to take new long positions. A deeper retest of the $83,200 zone could become the next area of interest, though he expects any move toward that level to come with a liquidity sweep.  Snyder also mentioned that he remains in shorts as a hedge, with scalp shorts still acceptable for traders who understand the increased risk at this stage. He concluded by highlighting the importance of the upcoming FOMC meeting, noting that the market is likely to stay muted until then. Upcoming FOMC Meeting Dictates Bitcoin’s Next Major Move Analyst Ted, in a recent update, revealed that BTC is currently in a state of consolidation around the $90,000 level. This tight range-bound movement suggests that while selling pressure is not dominant, buyers are also struggling to push the price higher aggressively. Related Reading: Bitcoin Market Records 21% Crash In November Trading Volume – What This Means For Price Ted attributed the market’s current stagnation and its inability to break above major resistance levels to a slowdown in institutional investment. Specifically, he noted that recent ETF inflows have slowed down, removing a major source of directional buying pressure that typically drives breakouts. Furthermore, the analyst highlighted that a critical macroeconomic event is pending: the FOMC meeting is scheduled for tomorrow, and the market’s next significant directional move will be heavily dependent on the outcome. Featured image from Pixabay, chart from Tradingview.com

Since Bitcoin’s launch, the number of addresses holding more than 0.1 BTC has climbed steadily through every market cycle, until now. Data shows that addresses in this cohort haven’t grown at all over the past two years, breaking a trend that held for more than a decade.  The stagnation indicates a change in how smaller and mid-sized investors engage with Bitcoin, even as broader institutional activity in the market continues to rise. Small Holder Participation Reaches A Standstill The 0.1 BTC threshold has historically represented an important milestone for retail holders, large enough to signal commitment but small enough to remain widely attainable. For more than a decade, wallets crossing that line grew year after year, even during drawdowns when long-term buyers were accumulating quietly. Related Reading: The $13.5 Billion Liquidity Injection That Could Send Bitcoin And Crypto Prices Flying That pattern is no longer intact. The number of addresses with more than 0.1 BTC has flattened since 2023 and is showing no signs of returning to its previous trajectory. Particularly, data from the on-chain analytics platform Santiment shows that the number of these addresses has stalled at around 4.44 million for the past year. This suggests that fewer new participants are choosing to build self-custodied Bitcoin positions at this level. The stagnation becomes more notable considering Bitcoin’s rising mainstream visibility and repeated pushes toward new all-time highs this year. In earlier cycles, such conditions have led to a surge in retail accumulation. This time, the address count has stayed frozen, and this means retail addresses holding Bitcoin might actually be plateauing.  How Bitcoin’s Holder Base Is Changing Although on-chain data points to a slowdown in the growth of overall Bitcoin addresses holding more than 0.1 BTC, it doesn’t necessarily signal a decline in overall adoption. For many market participants, Bitcoin exposure now happens entirely off-chain. Related Reading: Confirming The Bitcoin Price Direction: Analyst Reveals What You Should Look Out For Larger investor cohorts, from high-net-worth individuals to funds and corporate entities, are buying huge amounts of Bitcoin. For instance, Santiment data shows that large Bitcoin holders controlling more than 100 BTC have increased their balances throughout 2024 and 2025, even as smaller address cohorts have stalled. At the same time, more investors are choosing to access Bitcoin through custodial avenues instead of managing their own wallets. Spot Bitcoin ETFs have become one of the most important gateways for new BTC exposure. In the US alone, Spot Bitcoin ETFs now control almost $120 billion worth of Bitcoin, with BlackRock’s IBIT consistently recording the strongest demand.  Together, these developments point to a new phase in Bitcoin’s development. What was once dominated by individual self-custodied users is now increasingly shaped by institutions, ETFs, funds, and professionally managed capital. Therefore, the numbers from on-chain wallet metrics reflect a smaller portion of the actual user base. Featured image from Pixabay, chart from Tradingview.com

Wall Street research firm Bernstein has reiterated one of the boldest long-term calls in traditional finance, confirming a $1 million Bitcoin price target for 2033 while materially revising how and when it expects the market to get there. Bernstein Keeps $1 Million Price Target For Bitcoin The latest shift surfaced after Matthew Sigel, head of digital assets research at VanEck, shared an excerpt from a new Bernstein note on X. In it, the analysts write: “In view of recent market correction, we believe, the Bitcoin cycle has broken the 4-year pattern (cycle peaking every 4 years) and is now in an elongated bull-cycle with more sticky institutional buying offsetting any retail panic selling.” The analyst from Bernstein added: “Despite a ~30% Bitcoin correction, we have seen less than 5% outflows via ETFs. We are moving our 2026E Bitcoin price target to $150,000, with the cycle potentially peaking in 2027E at $200,000. Our long term 2033E Bitcoin price target remains ~$1,000,000.” Related Reading: Did 2025 Mark A Bear Market For Bitcoin? Predictions Point To A $150,000 Rally In 2026 This marks a clear evolution from Bernstein’s earlier cycle roadmap. In mid-2024, when the firm first laid out the $1 million-by-2033 thesis as part of its initiation on MicroStrategy, it projected a “cycle-high” of around $200,000 by 2025, up from an already-optimistic $150,000 target, explicitly driven by strong US spot ETF inflows and constrained supply. Subsequent commentary reiterated that path and framed Bitcoin firmly within the traditional four-year halving rhythm: ETF demand would supercharge, but not fundamentally alter, the classic post-halving boom-and-bust pattern. Reality forced an adjustment. Bitcoin did break to new highs on the back of ETF demand, validating Bernstein’s structural call that regulated spot products would be a decisive catalyst. However, price action has fallen short of the earlier timing: the market topped out in the mid-$120,000s rather than the $200,000 band originally envisaged for 2025, and a roughly 30% drawdown followed. Related Reading: Bitcoin To Hit $50 Million By 2041, Says EMJ Capital CEO What changed is not the end-state, but the path. Bernstein now argues that the four-year template has been superseded by a longer, ETF-anchored bull cycle. The critical datapoint underpinning this view is behavior in the recent correction: despite a near one-third price decline, spot Bitcoin ETFs have seen only about 5% net outflows, which the firm interprets as evidence of “sticky” institutional capital rather than the reflexive retail capitulation that defined previous tops. In the new framework, earlier targets are effectively rescheduled rather than abandoned. The mid-2020s six-figure region is shifted out by roughly one to two years, with $150,000 now penciled in for 2026 and a potential cycle peak near $200,000 in 2027, while the 2033 $1 million objective is left unchanged. In that sense, Bernstein’s track record is mixed but internally consistent. The firm has been directionally right on the drivers—ETF adoption, institutionalization, and supply absorption—but too aggressive on the speed at which those forces would translate into price. The latest note formalizes that recognition: same destination, slower ascent, and a Bitcoin market that Bernstein now sees as governed less by halvings and more by the behavior of large, ETF-mediated capital pools over the rest of the decade. At press time, BTC traded at $90,319. Featured image created with DALL.E, chart from TradingView.com

Twenty One Capital, a major player in the Bitcoin (BTC) treasury sector founded by Jack Mallers, is on the verge of going public in the United States. However, ahead of its highly anticipated debut on December 9, the company has moved a substantial sum of 43,500 BTC—approximately worth $4.5 billion—into an escrow wallet.  This move has sparked market concerns about a potential sell-off, which could create major selling pressure for the leading cryptocurrency as it attempts to consolidate above the key $90,000 support level.   $1.5 Billion Loss In Bitcoin Investments Experts on the social media platform X (formerly Twitter), such as OxNobler, have pointed out that the company is currently grappling with a significant $1.5 billion loss on its Bitcoin investment.  He warned that this financial pressure could potentially lead to a new crash for Bitcoin and adversely affect the broader cryptocurrency market as well.  Related Reading: Here’s How High The Dogecoin Price Will Go Once The MACD Bullish Cross Happens The apprehension surrounding this situation is reflected in Bitcoin’s price action, as the leading cryptocurrency dipped below $90,000 earlier on Monday amid growing uncertainty about its future trajectory. However, Jack Mallers had previously addressed the reasoning behind this monumental Bitcoin transfer. According to him, this step is part of the preparations for Twenty One Capital’s upcoming listing on the New York Stock Exchange (NYSE).  As part of the transaction, the company is transitioning 43,500 BTC from third-party custody to a self-custody account, ensuring transparency by updating its proof of reserves accordingly. The firm, backed by major players like Tether and SoftBank, aims to take on Michael Saylor’s Bitcoin proxy firm Strategy (previously MicroStrategy) in the competitive Bitcoin treasury sector.  A significant milestone was reached on December 3, when shareholders of CEP approved a business merger with Twenty One Capital, paving the way for the company’s initial public offering (IPO). Once the transactions are finalized, the combined entity will operate as Twenty One Capital, Inc., with its shares expected to begin trading on the NYSE under the ticker symbol “XXI.”  Twenty One Capital Gears Up For IPO Amid the preparations for its anticipated debut in the US, the firm has indicated that it will focus exclusively on Bitcoin-related ventures, offering shareholders new opportunities to gain exposure to BTC through equity markets.  With a Bitcoin-native operating framework and a long-term strategy designed for value creation, Twenty One intends to establish itself as a leading platform for capital-efficient Bitcoin accumulation and related business initiatives. Related Reading: Analysts Split on XRP Future Outlook as Centralization Debate Intensifies This move to go public follows a tumultuous period for Mallers, who disclosed that JPMorgan Chase had abruptly closed his accounts in September without explanation.  “Last month, J.P. Morgan Chase threw me out of the bank… Whenever I asked them why, I received the same response: ‘We aren’t allowed to tell you,’” Mallers recounted on November 23. The closure letter cited “concerning activity” and referenced the Bank Secrecy Act, preventing him from reopening accounts at the bank. Featured image from DALL-E, chart from TradingView.com 

As Bitcoin (BTC) experienced significant volatility throughout the year, reaching new all-time highs (ATHs) before enduring sharp corrections of up to 30%, the cryptocurrency community has become increasingly polarized regarding its future direction.  Many analysts are raising concerns about a potential bear market emerging in 2026; however, market expert Shanaka Anslem has offered a different perspective on social media platform X (formerly Twitter), questioning whether 2025 has already represented the real bear market. A Sign Of Cycle Change In his analysis, Anslem highlights key evidence. For the first time in history, Bitcoin breached its all-time high prior to the Halving event in April of this year, which he argues isn’t a bullish signal but rather an indication of the cycle inverting.  According to him, 2024 should not be viewed as the beginning of a new bull run; instead, it was a period of what he calls “political repricing” as the market factored in a pro-crypto administration with President Donald Trump’s reelection.  Related Reading: Here’s How High The Dogecoin Price Will Go Once The MACD Bullish Cross Happens The characteristics of a bear market have been evident in 2025, according to Anslem. Bitcoin’s dominance has reached multi-year highs while altcoins continue to struggle, leading to quarter-after-quarter declines in their values.  Additionally, a massive $3.5 billion in exchange-traded fund (ETF) outflows occurred within just one month. This year saw a significant 29% drawdown from its October highs, paired with extreme fear readings on various sentiment indices. Anslem insists that while the four-year Halving cycle remains relevant, its impact has evolved. With $120 billion in ETF interconnected with the Federal Reserve’s (Fed) liquidity, the Halving continues to dictate BTC’s supply, but demand now aligns with broader economic narratives rather than the more crypto-specific factors. Major Bitcoin Rally Ahead?  What does Anslem’s “cycle inversion” theory implies for 2026? If the bear market has already transpired, masked by nominal highs, the next logical phase might be a genuine blow-off top.  His predictions suggest Bitcoin’s price could soar to between $150,000 and $200,000, particularly as global liquidity continues to expand and directs capital toward hard assets. Anslem believes that many in the market are currently positioned for a downturn that has already occurred. However, dissenting opinions exist. Analyst Mr. Wall Street argues that the bottom for Bitcoin has not yet arrived and won’t be realized in the coming weeks or months.  Related Reading: Here’s When The Altcoin Season Happens Following The Bitcoin Cycle He highlights that the critical support level has been breached, indicated by the weekly exponential moving-average (EMA50) closing below the threshold.  He asserts that the market has entered the early stages of a substantial bear market, predicting that it will only abate once Bitcoin reaches the $54,000 to $60,000 range, which he expects might occur in the fourth quarter of 2026.  Despite this bearish outlook, he remains cautiously optimistic about Bitcoin in the short term. He expects a potential upward movement to retest the EMA50 Weekly, which currently stands at approximately $100,000, while maintaining that mid-term targets are much lower.  At the time of writing, BTC was trading at $90,352, which represents a 28% difference between current valuations and ATH levels.  Featured image from DALL-E, chart from TradingView.com 

Bitcoin’s on-chain activity has shown a sharp slowdown since spot Bitcoin exchange-traded funds (ETFs) launched. While institutional inflows into these products have accelerated, the number of active BTC addresses has declined. As Wall Street embraces BTC exposure, the network’s grassroots participation appears to be undergoing a significant transformation. In an X post, the CEO of SwanDesk, financial analyst Jacob King, pointed out that Bitcoin active addresses have been in a steady decline since the US spot BTC ETFs launched in January 2024, and the irony is obvious. Why Retail Participation Shows Signs Of Fatigue  For years, BTC maximalists have pushed for Wall Street adoption, believing institutional involvement would unlock the next wave of mass usage. Instead, on-chain participation has dropped sharply as retail lost interest. Related Reading: US Fed Has Ended Quantitative Tightening, But Why Is The Bitcoin Price Still Below $100,000? King noted that these Bitcoiners have piled into the ETF for a quick, early FOMO bump, and then bailed, leaving behind a market where the asset is increasingly traded by proxy. According to King, ETF investing kills BTC’s core principles. While investors no longer hold or control their own assets as banks do, which is the very system BTC was designed to challenge, greed always beats ideology. Market watcher Crypto Seth has revealed that the net inflows into BlackRock and Fidelity’s spot BTC ETFs have been relatively subdued since October 10, when the largest liquidation events happened. Seth believes that this might turn into a momentum reversal soon, as the US stock market is at 1% below new highs despite retail sentiment remaining stuck in extreme fear. Seth also pointed out that the macro backdrop is shifting in BTC’s favor. This is because the Federal Reserve ended its Quantitative Tightening (QT) program on December 1, 2025, wrapping up a multi-year effort that shaved nearly $3 trillion from the balance sheet since 2022.  Since the US Fed rate is still at 4.00%, more interest rate cuts are on the horizon, which is higher than both Europe and China. The BlackRock iShares BTC Trust (IBIT), which was launched in January 2024, is currently the firm’s most profitable exchange-traded fund (ETF) based on annual fee revenue, despite being less than two years old. Unlocking Bitcoin Without Compromising Its Core Principles Bitcoin is seeing key initiatives that improve its ecosystem. Every market cycle that has promise to unlock Bitcoin for decentralized finance (DeFi), RioSwap is one of the few products built on infrastructure that was capable of unlocking it in a truly decentralized way.  Related Reading: Bitcoin Aims Higher as Bulls Regain Strength and Push for Resistance Break According to Mintlayer, this was powered by Mintlayer’s native HTLC architecture, as RioSwap introduces a Decentralized Exchange (DEX) that allows BTC to move directly into decentralized markets without wrapping, unbridging, and is fully in the user’s control. With the RioSwap testnet now live, Mintlayer sees this as the start of a new liquidity phase for BTC where the asset will become an active participant in the decentralized market on its own terms. Featured image from Pixabay, chart from Tradingview.com

A crypto analyst has revisited long-term charts from 2012-2015, noting that the current Bitcoin (BTC) cycle shows striking similarities to this timeline, in terms of the Relative Strength Index (RSI) and price action. During the 2017-2015 bull run, BTC experienced one of the strongest multi-year advances before bottoming out. The market expert claims that the same sequence of peaks and pullbacks observed in that timeline is now unfolding again in this cycle.  Bitcoin RSI Comparison Signals Bottoming Structure Bitcoin’s latest momentum study by crypto analyst Tony Severino has drawn significant attention from market watchers. In his X post on December 6, Severino highlighted surprising similarities between the RSI trend and price movements of the 2023-2026 cycle and those observed from 2012 to 2015.  Related Reading: The $13.5 Billion Liquidity Injection That Could Send Bitcoin And Crypto Prices Flying His comparison focuses on the timing of several major points that appeared in both cycles. These include the moment a price bottom began to form, the first price peak, a subsequent momentum peak, and finally a Bearish Divergence that typically precedes deeper corrective phases. Severino shared a chart from the 2012-2015 cycle showing that Bitcoin’s RSI had gradually climbed, with several short bursts of sharper upward momentum along the way. Eventually, momentum faded, and the indicator declined for an extended period before settling in a mid-range zone at the 44 level.  In the current cycle, which began in 2023, the RSI also climbed sharply before reaching a notable peak. Since then, the indicator has been gradually declining, currently sitting around 38. This level is similar to the mid-range RSI values observed in the former cycle before Bitcoin advanced again.  Sharing a second chart, Severino also pointed to Bitcoin’s price action relative to its RSI performance across both cycles. During the earlier cycle, Bitcoin’s price sat around $233.54, while in the recent cycle, it has declined to $89,352. The analyst argues that the alignment between the RSI movements and price action in both timelines strengthens his theory that Bitcoin may be approaching a meaningful bottom soon.  Severino also suggested that if history repeats in the 2023-2026 cycle, traders could be looking at the early stages of a year-long accumulation phase, similar to what played out a decade ago. Nevertheless, he acknowledged that there is no guarantee that the current cycle will mirror past patterns completely.  Analyst Flags New BTC Bullish Crossover Crypto analyst AO has shared a more optimistic outlook for Bitcoin, highlighting the formation of a Bullish Crossover—a key technical signal that has historically preceded significant price surges. According to him, each time the Stochastic RSI on US10Y*CN10Y experiences a Bullish Crossover, Bitcoin enters a significant bull run. Related Reading: Bitcoin Price Can Hit These ‘Realistic’ Bullish Targets Before The Bear Market Begins AO presented a chart showcasing four previous Bullish Crossovers, each followed by a massive price increase. The first crossover appeared in 2013 and coincided with an early surge. The second came in 2017, marking the start of a multi-month bull run. The third occurred in late 2020, shortly before BTC’s record-breaking run in 2021. The most recent signal has not emerged in 2025, suggesting the potential for a similar upward move. Featured image from Pngtree, chart from Tradingview.com