Bitcoin traded around $93,000 during Asian hours Thursday as softer US economic indicators strengthened market expectations for a Federal Reserve interest rate reduction. Analysts cited positive momentum from recent institutional developments, including Vanguard's policy shift on crypto-linked ETFs and speculation about potential Fed leadership changes. The total cryptocurrency market capitalization rose 1.8% to $3.27 trillion.

Daily liquidation volumes have more than doubled compared to the previous cycle, according to a Glassnode and Fasanara report. Average long position liquidations rose from $28 million to $68 million, while short position liquidations increased from $15 million to $45 million. The shift reflects heightened leverage use across cryptocurrency derivatives markets.

Bitcoin is trading above $93,160 as two bullish chart formations converge to signal potential upside momentum. Analyst Kamile Uray notes a confirmed breakout from a Cup & Handle pattern targets $104,000 on the 4-hour chart. Crypto VIP Signal reports Bitcoin's move past $90,000 validates an Inverse Head and Shoulders reversal pattern, with $95,000 marking the next technical level.

Ethereum activated its Fusaka upgrade on December 4, 2025, at 9:49 p.m. UTC during Epoch 411392. The upgrade introduces peer data availability sampling (PeerDAS), which increases data throughput for Layer-2 networks by up to 8 times. The technology reduces transaction costs and improves processing speed by fragmenting rollup data into smaller segments.

Investor Kevin O'Leary stated he does not anticipate a US Federal Reserve rate cut in December and believes such action would have minimal effect on Bitcoin's valuation. The CME FedWatch Tool shows an 89% probability of a December rate reduction, according to market data. O'Leary maintains Bitcoin will likely fluctuate within 5% of current levels.

Strategy has sharply reduced its Bitcoin acquisition activity, falling from 134,000 BTC monthly in 2024 to just 135 BTC in December 2025, according to CryptoQuant analysis. The company has set aside a $1.4 billion cash reserve to cover dividends and debt obligations, providing at least 12 months of financial runway. Bitcoin currently trades near $92,300, closely aligned with estimated production costs.

Bitcoin is trading just above its True Market Mean cost basis, with over 25% of circulating supply now underwater. The price structure mirrors conditions seen in early 2022. Net capital inflows remain positive at $8.69 billion monthly but significantly below July's $64.3 billion peak, according to Glassnode data.

XRP is trading near the $2.00 support level as two crypto analysts identify technical patterns signaling a potential trend reversal. Dom highlights a 3-drive formation across six weeks of price action, while Osemka maps a flat correction structure built on the 2021 high. Both frameworks point to key resistance at $2.22 and $2.50 as critical levels for bulls to reclaim.