$BTC

Spot BTC Deep Insights | December 10, 2025 02:00 UTC

Key Points:

Bitcoin price has significantly risen within 24 hours, driven by macro and fundamental factors such as expectations of interest rate cuts by the Federal Reserve, deepening institutional adoption, and tightening exchange supply. However, short-term technical momentum is weakening, and there is strong resistance in the $92,000-$95,000 range, suggesting the market may enter a consolidation phase.

Key Dynamics:

1. Improvement in macro liquidity expectations: The market anticipates that the Federal Reserve will lower interest rates to 3.75%, historically indicating that this will inject liquidity into risk assets like Bitcoin.

2. Institutional adoption and regulatory progress: The clarification of regulations by the U.S. OCC allows banks to engage in risk-free crypto trading, and private banks are beginning to offer direct Bitcoin trading services.

3. Continued tightening of exchange supply: Since December 2024, over 403,000 BTC have been transferred out of exchanges, with institutional holdings exceeding exchange reserves, significantly reducing the available supply for trading.

Main Risks:

1. Short-term technical momentum weakening: A MACD death cross indicates that the upward price momentum is fading.

2. Strong resistance at key price ranges: Prices face significant resistance in the $92,000 to $95,000 range, with weakening trading volume suggesting a lack of sustained breakout momentum.

3. Abnormal selling pressure in the market: Abnormal selling pressure related to institutions may be observed during U.S. stock market opening hours, potentially triggering repeated price declines.

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