Adam Back, a veteran cryptographer often cited as a top Satoshi candidate, highlighted that Bitcoin's 200-week moving average is now above $56,000, arguing it points to a rising price floor. BTC is attempting to break $90,000. $82,000 and $80,600 have capped recent pullbacks, while $74,110 has not been retested since the November drop.

On Wednesday, the U.S. Federal Reserve lowered its benchmark rate by 25 bps to 3.50% after a 9–3 FOMC vote, with Chair Jerome Powell saying inflation pressures appear to be easing as growth stabilizes. Market figures including Raoul Pal, Tom Lee, and Changpeng Zhao see a potential 2026 crypto supercycle, while Bitcoin's Power Curve points to a possible $250,000 peak as BTC challenges $94,000 resistance and holds support at $88,000.

Bitcoin dropped under $90,000 as overall crypto market capitalization moved toward $1.786 trillion amid weakening activity and fragile momentum. On December 10, spot Bitcoin ETF inflows reached $223.5 million, largely into BlackRock's IBIT, while GBTC saw outflows and other funds attracted limited interest, according to analysts. Whale positioning turned defensive, and more than $170 million in BTC long positions were liquidated in a single day.

Bitcoin is trading in what Glassnode describes as a structurally fragile range, pressured by high unrealized losses, rising realized losses, and profit-taking by long-term holders. Even so, demand has so far kept the price above the True Market Mean, and analysts say a retest of $95,000 and $102,700 is possible if sellers begin to tire. On-chain and derivatives data point to a cautious market, with muted ETF flows, subdued liquidity and options positioning that anticipates a volatility event into late December, according to Glassnode.

The Federal Reserve reduced interest rates by 0.25 percentage point to a three-year low after a divided Federal Open Market Committee vote, even as Donald Trump had urged a 0.5-point cut. Bitcoin briefly spiked to $94,000 before easing toward $90,000, and policymakers currently foresee only one rate reduction next year as 2026 approaches. With Jerome Powell’s term ending and Trump set to appoint a successor, leadership uncertainty is adding to market volatility. These overlapping policy and personnel shifts are shaping expectations for Bitcoin and broader risk assets.

U.S. initial jobless claims rose to 236,000 versus expectations for 220,000, up from last week’s 191,000, which was the lowest level since September 2022, according to the article. Bitcoin has slipped from $92,000 to $90,000 and is trading near $90,085.65 as traders focus on support at $88,000–$90,000 and resistance at $92,000 following a 25-basis-point Fed cut and a reduction in 2025 rate-cut projections to two.

U.S. spot Bitcoin ETFs saw a $223.5 million net inflow on Dec. 10, the strongest single-day total in nearly three weeks. BlackRock’s IBIT took in $192.9 million and Fidelity’s FBTC added $30.6 million, while other issuers were unchanged, bringing the day’s tally to $223 million.

Bitcoin’s slide below $90,000 has pushed realized losses to magnitudes last seen in 2022. The 30-day average of realized losses is about $555 million per day, and a rebound from the November 22 low to above $92,000 has not eased pressure on short-term holders. Long-term holders are taking profits near $1 billion per day.