Technical Analysis

Dogecoin recorded 71,589 active addresses on December 3, 2025, the highest quarterly level since September, according to analyst Ali Martinez. The memecoin trades near $0.14 while encountering resistance at $0.20, where 11.72 billion DOGE tokens were accumulated. Daily spot trading volumes consistently exceed $1 billion, with futures markets showing $2.65 billion in daily volume.

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.

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.

Cantor Fitzgerald cut its 12-month price target for Strategy (MSTR) to $229 from $560, a 60% reduction, while maintaining its buy rating. The firm rejected liquidation concerns, stating the company holds sufficient cash to cover dividend payments for approximately 21 months and can access equity facilities for additional capital if needed.

Bitcoin declined sharply after economic growth warnings triggered a wave of liquidations in derivatives markets, producing an 11,588% imbalance between long and short positions. Long positions accounted for over $115 liquidated for every $1 in shorts, data show. The selloff followed remarks suggesting first-half growth would miss expectations, prompting rapid exits from leveraged positions.

BlackRock's iShares Bitcoin Trust recorded more than $2.7 billion in withdrawals across five consecutive weeks ending November 28, marking its longest outflow period since launching in January 2024. The fund, which manages over $71 billion in assets, logged an additional $113 million in redemptions on Thursday. Data show the outflows accelerated following a crypto market liquidation in early October that eliminated more than $1 trillion in digital asset value.

Ripple CEO Brad Garlinghouse projected Bitcoin will reach $180,000 by December 31, 2026, citing anticipated U.S. regulatory progress as the primary catalyst. Speaking at Binance Blockchain Week, he identified the proposed CLARITY Act as a key driver that could unlock industry growth. Prediction markets assign only 25% probability to Senate approval of crypto legislation before the end of 2026, though near-term sentiment favors Bitcoin reaching $100,000.