Bitcoin spot trading volume on major exchanges declined sharply in November, with Binance recording a 21% drop from $198 billion in October to $156 billion. The decline coincided with Bitcoin's 17.5% price correction during the month. Market analyst Darkfost warned that continued weakness could signal deteriorating market conditions and reduced investor confidence.

Bitcoin traded around $89,000 as market analysts described the recent price decline as typical cycle behavior rather than a bearish reversal. Bloomberg ETF analyst Eric Balchunas noted the asset only retraced excess gains from 2024's 122% rally, maintaining its long-term growth trajectory. Data showed US-driven selling pressure initiated the December decline, which has since reversed.

A blockchain metric known as 'liveliness' is trending upward even as Bitcoin prices remain stagnant, data show. The indicator measures the ratio of coins being transacted relative to those held, weighted by age, and its rise historically aligns with bull market activity. Analysts note that dormant coins are moving at unprecedented scale, signaling a major capital rotation that may indicate the current cycle has not yet concluded.

More than 100 publicly traded companies that adopted cryptocurrency treasury strategies have seen their stock prices fall 43% this year, while Bitcoin itself declined only 7%, Bloomberg data show. These firms raised over $45 billion through convertible bonds and preferred shares to purchase digital assets, but now face fixed payment obligations on holdings that generate no cash flow.

Veteran trader Peter Brandt has identified potential downside targets for Bitcoin at $81,852 and $59,403. His weekly chart analysis suggests the market may have overpriced anticipated Federal Reserve policy easing before actual rate decisions materialize.

Bitcoin has recorded 171 negative days in 2025, surpassing its long-term average of 170 days. Public companies now hold 1,059,453 BTC, with MicroStrategy controlling 650,000 BTC. The Fear and Greed Index has remained at 21 for five consecutive weeks, while 30-day volatility has reached 0.024.

Bitcoin trades in a consolidation phase as market participants await Federal Reserve Chair Powell's December guidance on monetary policy. Despite improving liquidity indicators and a 92% probability of a rate cut, traders remain cautious following November's volatility triggered by hawkish central bank commentary. The cryptocurrency has retested the $80,000 zone and its 100-week moving average, both historically significant support levels during previous cycles.

Bitcoin faces a pivotal moment as the Federal Reserve prepares for its December policy meeting with markets pricing in a 92% probability of a rate cut. Despite improving liquidity conditions, traders remain cautious and await clarity on monetary policy direction before deploying capital. The cryptocurrency has stabilized after testing the $80,000 level and the 100-week moving average, support zones that historically hold during bull cycles.