Crypto analyst Colin Talks Crypto estimates a 20% probability that Bitcoin will advance directly to new all-time highs from current levels. His primary outlook projects a rally toward $100,000–$115,000, followed by a multi-month correction before the cycle's next major phase. Multiple analysts note that current market conditions lack typical signals associated with cycle peaks.

U.S. spot bitcoin exchange-traded funds recorded $3.48 billion in net outflows during November, the steepest monthly decline since February. Spot ether ETFs posted $1.42 billion in exits, marking their largest monthly outflow to date. The withdrawals followed bitcoin's rally to record highs and coincided with year-end portfolio adjustments.

Elon Musk argued that Bitcoin derives value from energy consumption, making it harder to manipulate than fiat currencies, according to a resurfaced interview with Nikhil Kamath. Peter Schiff countered that Bitcoin lacks inherent value and criticized MicroStrategy's business model. Derivatives data shows more than $7.8 billion in short positions could be liquidated if Bitcoin breaks above $100,000, according to CoinGlass and Whale Insider.

Bitcoin dropped below $87,000 on December 1, 2025, following renewed regulatory pressure from China's central bank targeting stablecoins and crypto speculation. The decline triggered over $600 million in leveraged position liquidations within 24 hours. Major altcoins including Ethereum, Solana, and XRP posted losses between 6% and 9%.

Bitcoin fell approximately $6,000 within hours, declining from over $91,000 to around $85,000 on Binance. The drop triggered more than $650 million in liquidations, a 390% increase from the previous 24-hour period. Total cryptocurrency market capitalization decreased to $3 trillion, according to CoinGecko.

Bitcoin dropped to an intraday low of $85,694 after China's central bank issued a renewed warning against cryptocurrency activities, according to CoinGecko data. The People's Bank of China stated that crypto-related operations remain illegal and criticized stablecoins for failing to meet anti-money laundering standards.

Bitcoin gained nearly 6% after a sharp decline, with the sustainability of the rebound depending on macroeconomic data and blockchain developments this week. Federal Reserve Chair Jerome Powell speaks Tuesday, followed by U.S. employment reports Wednesday through Friday. Ethereum's Fusaka upgrade deploys Wednesday, modifying blob capacity and data costs for Layer 2 rollups.

Strategy may initiate another round of Bitcoin purchases after CEO Michael Saylor posted a cryptic signal on November 30, 2025. CEO Phong Le recently clarified the company would only consider selling BTC under extreme dual conditions: stock trading below net asset value while unable to raise capital without excessive dilution. The company maintains that volatility, negative sentiment, or macroeconomic uncertainty alone will not trigger sales.