Bitcoin is testing a key resistance range between $92,734 and $101,156 following last week's recovery from near $83,000. The 55-week exponential moving average at approximately $98,300 was breached for the first time this cycle during the recent correction. The decline of roughly 35–36% aligns with historical drawdowns of 30 to 35 percent when this moving average has been broken.

Public bitcoin mining companies posted gains last week, with all top ten firms recording positive returns. The sector's total market capitalization reached $69.1 billion, rising 5.04% in 24 hours as Bitcoin traded above $90,000.

Bitcoin markets are recalibrating following weakened ETF demand and deleveraging across futures and DeFi platforms. Spot Bitcoin ETFs recorded net outflows of $4.9 billion since mid-October, the largest redemption cycle since April 2025, according to CoinMetrics data. Open interest in perpetual futures dropped over 30% after the October 10 liquidation event, while spot liquidity for BTC, ETH, and SOL remains 30-40% below early-October levels.

Large Bitcoin holders have repositioned after Q4 liquidations erased billions in market value. Data show whale outflows increased across BTC and XRP, while some investors opened leveraged short positions worth hundreds of millions during the downturn. On-chain metrics suggest accumulation activity may resume in the $85,000–$90,000 range.

Bitcoin faces a decisive test as November ends, with trader DonAlt identifying $93,000 as the critical threshold for preserving its higher-timeframe bullish trajectory. A monthly close above $93,500 would restore the path toward $110,000-$120,000, while failure to reclaim this level could trigger a correction toward $85,000 or lower. The binary outcome places significant weight on the final trading sessions of the month.

Strategy CEO Phong Le disclosed the dual conditions under which the firm would consider selling Bitcoin: stock trading below net asset value while losing access to new capital. The company holds 649,870 BTC valued at approximately $59.33 billion, with an average acquisition cost of $74,430 per coin.

Bitcoin has declined 28% from its October all-time high of $126,000 to approximately $91,000, marking its steepest monthly drop since June 2022. The downturn reflects institutional selling through ETFs, declining stablecoin market capitalization, and increased profit-taking by long-term holders. No immediate catalyst for recovery has emerged ahead of the December 9 FOMC meeting.

Bitcoin traded near $91,400 on Sunday, rising over 0.80% in 24 hours with market capitalization at $1.82 trillion. Robert Kiyosaki warned of potential financial market stress driven by dual liquidity pressures from Japan's fiscal shifts and tightening US funding markets. Technical indicators show BTC rebounding from $81,028 support, testing the 20-day EMA at $92,800 as momentum improves.