Bitcoin back above $94K after breakout as Wall Street trims near-term targets ahead of FOMC

first published 2025-12-09T05:19:59Z

Bitcoin has declined about 28% from its October peak (~$126,000) and trades near $89,900, approaching the U.S. spot ETF cohort’s aggregate cost basis around $83,000. U.S. spot BTC ETFs hold $117.67 billion (≈6.55% of supply), creating a previously observed structural demand zone. Weekly ETF net inflows have been negative since early December, and market participants say a sustained bounce depends on renewed ETF purchases and stable macro conditions ahead of a likely 25bp Fed rate cut on Wednesday.

AI Analysis

Price has fallen ~28% from October peak to ~$89.9K and is approaching the ETFs’ aggregate cost basis near $83K; U.S. spot BTC ETFs hold $117.67B (~6.55% of supply), which historically marked bottoms during >30% corrections; weekly ETF net inflows have been negative since early December; outcome may hinge on renewed ETF inflows and Fed guidance around a likely 25bp rate cut.

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