Bitcoin rose sharply to the $92,300–$92,500 range following aggressive buy-side activity totaling approximately $1 billion. Buy-side slippage of 163 BTC marked the largest buy-pressure event in several days, pushing spot prices from $91,740 to $92,315 almost instantly, according to CryptoQuant analyst Maartunn. The move bypassed typical gradual price progression as market orders consumed liquidity rapidly.

Derivatives trading on lower-cap cryptocurrencies has reached levels that significantly outpace underlying valuations, creating conditions for potential cascading liquidations. Data from research firm Alpharactal shows open interest ratios climbing to dangerous thresholds, with several tokens now carrying futures exposure larger than their entire market capitalization. When open interest grows while market cap remains constrained, the price discovery mechanism shifts from organic demand to leveraged speculation.

Solana is testing resistance at $142 within a pennant formation after consolidating in recent sessions. Institutional interest has returned, with ETF inflows accelerating following the November 22 bounce from pennant support. Open Interest climbed 10% to $3.0 billion, while trading volume expanded by $7 billion over 24 hours to $48 billion, data show.

Weakening US employment indicators are reshaping expectations for economic growth, interest rate trajectories and market liquidity. These shifts are introducing fresh macro headwinds for Bitcoin and the broader digital asset sector. Traders are recalibrating risk exposure amid mixed labor signals as the unemployment rate climbs to multi-year highs and monthly payroll additions moderate from post-pandemic peaks.

Japan's Financial Services Agency is reviewing a legal amendment to reclassify cryptocurrencies from payment tools to financial products as crypto accounts reached 13 million. The FSA working group convened its sixth session on November 26 to address consumer complaints averaging 350 monthly and rising fraud schemes. The proposed shift would transfer crypto oversight from the Payment Services Act to the Financial Instruments and Exchange Act, introducing stricter disclosure requirements and insider trading protections.

UK regulatory authorities will require cryptocurrency platforms to report all user transactions beginning in 2026. His Majesty's Revenue and Customs will gain automatic access to domestic and international crypto transaction data for the first time, ahead of the 2027 global information exchange under the Cryptoasset Reporting Framework.

Bitcoin has rallied over 12% from last week's $80,000 low but now confronts critical overhead resistance. Data show two major supply clusters at $93,000–$96,000 and $100,000–$108,000, where early-cycle buyers may sell at breakeven. A decisive break above these zones is necessary for sustained upward momentum.

HM Revenue and Customs has directed cryptocurrency exchanges to collect detailed transaction records of UK customers starting January 2026, with submission to HMRC required by 2027. The mandate aligns the UK with jurisdictions adopting the OECD's Crypto-Asset Reporting Framework, including EU countries and Canada. Industry observers note platforms will face increased operational costs for system upgrades and compliance infrastructure.