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Bitcoin Faces Weak Demand Amid Structural Challenges

According to BlockBeats, Bitfinex's latest report highlights that Bitcoin is experiencing a phase of weak spot demand intertwined with ongoing structural fatigue. Although the market shows signs of stabilization, it remains far from healthy recovery. Bitcoin has rebounded from recent lows but continues to fluctuate within a narrow range of $84,000 to $91,000, contrasting with the S&P 500 index nearing historical highs. This underscores Bitcoin's relative weakness and increasing decoupling from traditional risk assets. On-chain data reveals that over 7 million BTC are currently in an unrealized loss state, reminiscent of the early 2022 consolidation period. This suggests difficulty in returning to the 'real market mean,' a critical threshold distinguishing mid-cycle weakness from a full-blown bear market deterioration. Despite these challenges, capital inflows remain moderately positive, providing a slight buffer against further declines. However, spot demand has significantly worsened, with U.S. Bitcoin ETFs consistently recording outflows, a sharp decline in active buying interest, and major trading platforms showing a negative cumulative volume difference. This indicates that traders are selling on rallies rather than accumulating positions.
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Bitcoin News Today: BTC Holds Near $91K Ahead of Key FOMC Decision

Key TakeawaysBitcoin price consolidation near $91K with mixed technical signalsMacro uncertainty builds ahead of the Federal Reserve meetingTraders monitor $92,387 30-day SMA and $89K support for directionBitcoin Rebounds As ETF Inflows ReturnBitcoin hovered near $91,000 after recovering from a dip toward the mid-$80,000s earlier in the week. The latest catalyst was a surge in U.S. spot Bitcoin ETF demand. Funds recorded $54.79M in inflows on December 5, reversing significant prior outflows and signaling improving institutional confidence.ARK Invest’s ARKB led with $88M in inflows, even as other issuers saw rotation. The return of ETF engagement added support to short-term bullish momentum, helping BTC reclaim key averages.Spot exchange activity, however, continued to cool, contributing to a narrow trading range near the $90K–$92K zone. Technical Picture Shows Mixed MomentumThe technical indicators reveal a mix of strength and caution.Source: TradingViewEMA (10): 90,481 and SMA (10): 90,454 – both supportive of short-term stabilitySMA (20): 89,370 – remains a firm nearby floorSMA (30): 92,387 – immediate resistance and a key marker for broader trend improvementLonger-term averages such as the SMA (100): 106,506 and SMA (200): 109,093 continue to lean defensiveOscillators show balanced conditions: RSI at 46, Stochastic at 62, and Momentum at 224 indicating mild upward interest. The MACD level at −2,051, though still negative, aligns with recent signs of stabilizing market structure. Macro Landscape: Rate Cut Expectations In FocusMarket attention has tightened around the December Federal Reserve meeting, to begin tomorrow. Traders priced a very high probability of a 0.25% rate cut, fueling expectations of increased dollar liquidity.A softer policy stance could strengthen the digital asset narrative, though Bitcoin’s −11.43% 30-day performance reflects lingering uncertainty.Prediction platforms show a split among traders: some expect year-end prices near $80K, others eye $95K, while a smaller group targets $100K sometime before 2026. This reflects low-confidence positioning ahead of major macro announcements. Analyst Insights Shape Forward LevelsVeteran analyst Peter Brandt highlighted a broadening formation, suggesting potential rotation rather than a breakout. He monitors $80,200 as a crucial support, with a deeper marker near $58,800 if broader selling pressure re-emerges.Other analysts focus on $89,000 as a stability zone. Reclaiming and holding above that level has remained important for maintaining constructive market sentiment. A move through the 30-day SMA at 92,387 would mark a stronger shift in trajectory. Market Outlook: What to Watch Amid FOMC CatalystBitcoin’s near-term path likely comes down to:Whether ETF inflows remain steadyHow the FOMC frames 2025 policyWhether BTC can break above $92,387 or risks a slump back toward $89K
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