Bitcoin trades near $92,536 after rebounding from $82,000, with miner reserves climbing to 1.8 million BTC between November 26 and December 5. On-chain data shows reduced selling pressure from mining operations. The asset faces resistance between $93,000 and $95,000, where a significant concentration of sell orders has formed.

Cryptocurrency analyst Miles Deutscher stated on December 4 that he assigns a 91.5% probability to Bitcoin having already reached its cycle low. His assessment draws on four factors: the market's resilient response to negative headlines, historical patterns during clusters of fear-driven news, a shift in capital flows from aggressive selling to stabilization, and improving global liquidity conditions.

Wallets holding between 10 and 10,000 BTC accumulated 47,584 BTC in early December, reversing a two-month selloff of 113,070 BTC between October 12 and November 30, data show. The accumulation has stabilized price action. However, continued retail buying may limit upside momentum compared to previous accumulation-driven rallies when retail sold while whales accumulated.

Bitcoin dropped below $90,000 after more than $200 million in leveraged positions were liquidated over a four-hour period. The decline coincided with the expiry of $3.357 billion in BTC options at a max pain point of $91,000. Analysts indicate that failure to hold support at $84,000 could extend losses toward $76,000.

Bitcoin is testing the $100,000 level amid structural market pressure. The Growth Rate Difference metric has turned negative at -0.00095, showing market capitalization is declining faster than realized value, data show. The cryptocurrency traded near $92,000 at the time of analysis, with support zones identified between $85,000 and $87,000.

Bitcoin retreated to around $89,000 after dropping below $90,000, with the Crypto Fear & Greed Index remaining near 25. Major tokens posted losses, with BTC down 3.16%, ETH falling 3.45%, and SOL declining 5.69%. Market participants show limited conviction ahead of the typical year-end rally window.

The U.S. personal saving rate declined to 4.7% in September while inflation remained at 2.8% year-over-year, according to the Bureau of Economic Analysis. Real consumer spending showed zero growth during the period, marking one of the weakest consumption readings this year. Personal income rose 0.4%, driven by wage gains and dividend income.

Bitcoin dropped below $90,000 on December 5, 2025, trading near $89,200. Technical indicators show an RSI of 41 and negative MACD readings, pointing to sustained bearish momentum. Liquidations totaling $167 million—primarily long positions—have amplified selling pressure across the market.