Bitcoin traded above $94,000 on Dec. 11, rising 0.37% over 24 hours, HTX data show. The gain kept the cryptocurrency in positive territory for the day.

ProCap Financial (Nasdaq: BRR) said its Bitcoin holdings reached 5,000 BTC on Dec. 10, joining the "5000 BTC club," BlockBeats reports. The firm said balance-sheet cash stands above 1.75 亿美元 and it used realized losses to hedge future gains and add flexibility.

JPMorgan said in a Dec. 10 report that Bitcoin's recent pullback does not signal a new "crypto winter" and should be viewed as a meaningful correction, BlockBeats reports. The bank cited short-term drivers including ETF outflows from basis trade unwinding, forced liquidations of over-leveraged long positions, year-end liquidity shortages, and a soft macro backdrop ahead of the Federal Reserve's Dec. 10 rate decision. JPMorgan emphasized these factors do not reflect structural deterioration in crypto demand, noting that institutional interest, real world application progress, and tokenization initiatives remain solid.

A wallet address associated with BlackRock transferred 2,196 BTC, valued at $202.76 million, to Coinbase on December 10, OnchainLens data show. The deposit occurred within a half-hour window, with the receiving platform identified as Coinbase.

Centralized exchanges recorded a net outflow of 25,852.66 BTC over 24 hours on Dec. 10, Coinglass data cited by BlockBeats show. Binance led withdrawals with 9,200.25 BTC leaving the platform, followed by Coinbase Pro with 8,030.73 BTC and Bitfinex with 4,387.70 BTC. OKX posted a net inflow of 1,117.38 BTC during the same period, ranking first among exchanges by inflows.

Bitcoin slipped below $92,000 on Dec. 10, with the cryptocurrency's 24-hour gain narrowing to 1.93%, HTX data show. The pullback followed earlier intraday gains.

GameStop invested $500 million in Bitcoin in spring 2025, and its third-quarter report on Tuesday showed a book value of about $519 million at the end of September with more than $19 million in unrealized gains, BlockBeats reports. The holding had climbed to roughly $528 million by the end of the second quarter before a subsequent price pullback left the company with around $9.4 million in unrealized losses, and GameStop neither added to nor sold any Bitcoin during the third quarter. Bitcoin hit new highs in 2025 under crypto-friendly U.S. policies before a sharp drop on October 10 pulled prices down about 30% from the yearly peak and led to roughly $19 billion in leveraged crypto positions being liquidated. Non-crypto companies such as Japan's hotel operator MetaPlanet and Trump Media & Technology Group increased Bitcoin purchases this year, a trend linked to U.S. President Trump's executive orders elevating digital assets' strategic role and promoting a light-touch regulatory approach.

Mainstream centralized exchanges would face $972 million in cumulative long position liquidations if Bitcoin falls below $91,000 on Dec. 10, Coinglass data show. Conversely, a break above $94,000 would trigger $612 million in cumulative short position liquidations on mainstream exchanges.