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.

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.