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.

On December 11, 2025, Bitcoin fell back under $90,000 after failing to rally following the latest US Federal Reserve interest rate cut. The decline came with higher daily trading volume and a more than 11% premarket plunge in Oracle that pulled major AI-related stocks lower. Analysts said short-term holders remain deep in the "Pain Zone." Standard Chartered halved its 2025 Bitcoin price forecast from $200,000 to $100,000.

On December 11, 2025, Bitcoin dropped below $91,000 after the Singapore trading session saw a 2.7% intraday decline from a prior peak near $94,490. The pullback came as Asian hours, which had been driving gains since August 2025, briefly weakened and left BTC trading just above $90,000 while triggering $175M in long liquidations across the market.

According to Cryptonews, the NYSE hosted a bronze statue of Bitcoin creator Satoshi Nakamoto, the sixth of 21 planned installations by Twenty One Capital. Twenty One's shares fell 19% on Tuesday's debut following a SPAC merger, even as the firm holds about 43,500 BTC. Bitcoin traded at $90,121 Thursday morning, down 2.3% after the Fed's third straight 25 bp cut.

On 9 December 2025, Strive Asset Management launched a $500 million at-the-market preferred stock offering to fund bitcoin purchases and other corporate purposes. The company holds about 7,525 bitcoin with an average purchase price of $113,383 per coin. It reports an unrealised loss of roughly 18 percent following the latest market decline. Strive's ASST shares rose around 3.6 percent after the announcement as it continues to pursue a bitcoin-focused treasury strategy.

On December 10, the Federal Reserve cut rates by 25 bps to 3.50–3.75% and outlined $40 billion of U.S. T‑bill purchases over the next thirty days. Bitcoin fell 2.14%, slipping under $90k as traders balanced added short‑term liquidity against longer‑term risks, including a potential pause in 2026 cuts.

Ark Invest CEO Cathie Wood says Bitcoin’s traditional four-year cycle may be weakening as institutions and spot ETFs absorb and hold more circulating supply. The April 20, 2024 halving cut miner rewards to 3.125 BTC and reduced daily issuance by about 450 BTC, a change some analysts view as modest relative to total market size and ETF inflows, according to these commentators.

Bitcoin’s drawdown has narrowed from –35% to roughly –27% since its October peak near $125,000, with 67% of circulating supply still in profit—signals that point to a stabilizing market rather than deep capitulation, according to analyst Axel Adler Jr. Short-term momentum is beginning to turn upward as BTC consolidates around the $90,000 level.