Overview
- Bitcoin slipped back under $90,000 on Dec. 11 after a brief post‑Fed bounce, with prices last near $90,056 and broader crypto markets in retreat.
- The Federal Reserve cut rates by 25 basis points and signaled caution, prompting a sell‑the‑news move that erased gains and pressured risk assets.
- Derivatives stress intensified with roughly $519 million in liquidations over 24 hours, mostly long positions, reinforcing fragile near‑term conditions.
- Standard Chartered halved near‑term targets to $100,000 for end‑2025 and $150,000 for 2026 and pushed its $500,000 view to 2030, saying corporate treasury buying has likely ended and ETFs now drive price direction.
- Spot‑ETF demand has cooled to roughly 50,000 BTC in quarterly inflows with several recent net outflow days, and other research houses such as Bernstein have similarly reset 2026 targets to about $150,000.