On December 9, 2025, Bitcoin showed a volatile downward trend after a rise, with intense competition around key levels, dominated by market caution ahead of the Federal Reserve's interest rate decision. The specific performance is as follows:

1. Price fluctuations: In the early morning, it briefly broke through $92,000, reaching a high of $92,260, but the upward momentum quickly faded. Subsequently, the price oscillated downward and fell below the $90,000 mark. By midday, the spot price of Bitcoin was reported at $89,872, with a 24-hour decline of 1.63%, and the intraday low dipped to around $89,550.

2. Market performance: The short-term volatility triggered large-scale liquidations, with the total liquidation amount across the network reaching about $280 million, and nearly 97,000 traders faced liquidation. The capital situation showed divergence, with major Bitcoin ETFs like BlackRock's IBIT experiencing significant net outflows in a single day; however, since December, the ETFs have still seen net inflows, and exchange Bitcoin balances remain low, indicating that long-term holders are continuously accumulating.

3. Technical aspects: Currently, it is in a consolidation box between $88,000 and $92,300, with the 20-day moving average around $89,370 providing immediate support, and the 30-day moving average around $92,387 constituting strong short-term resistance; the daily MACD indicator is flat, and the four-hour Bollinger Bands are contracting, indicating a lack of unilateral driving momentum in the short term and a state of consolidation.