Overview
- Bitcoin traded around $91,000–$92,000 after touching highs near $93,000, with sentiment still in fear as gauges like the Fear & Greed Index hover near extreme fear levels.
- CryptoQuant reports large holder deposits reached about 7,000 BTC and now account for roughly 45% of exchange inflows, a sign of potential near‑term supply.
- Arkham Intelligence tracked a wallet tied to SpaceX moving 1,163 BTC, likely toward Coinbase Prime, with the intent of the transfer not confirmed.
- U.S. spot Bitcoin ETFs saw small midweek net inflows of roughly $21 million, yet recent outflow trends have capped upside and prediction markets point to rangebound trade near $92,000.
- Rate‑cut odds for December climbed toward the mid‑80% range and helped fuel the bounce, but analysts say a break above roughly $98,000 and consolidation over $100,000 is needed to challenge the downtrend.