$BTC
Spot BTC Deep Insights | December 8, 2025 13:00 UTC
Key Points:
Bitcoin prices have recently risen, with corporate accumulation and institutional inflows providing strong support, while the technical outlook remains robust. However, prices have retreated from a high of $94,000 and face risks from on-chain data warnings and regulatory pressures.
Key Developments:
1. Corporations continue to accumulate large amounts: MicroStrategy recently purchased 10,624 BTC for $962.7 million, demonstrating corporate confidence in Bitcoin as a reserve asset.
2. Strong institutional inflows: Digital asset funds recorded a net inflow of $716 million for the second consecutive week, with Bitcoin products attracting $352 million, indicating strong institutional interest.
3. Technical structure remains strong: Key EMA moving averages (7, 25, 99) show a bullish arrangement, with prices above the moving averages, and the MACD golden cross provides momentum support.
Main Risks:
1. Price resistance at high levels: Prices have retreated from $94,000 to around $91,300, indicating significant selling pressure at this level, making it difficult to maintain higher price levels in the short term.
2. On-chain data issues warnings: Glassnode data shows that some on-chain indicators are similar to early bear market conditions in 2022, characterized by significant buying pressure and increased supply at a loss, necessitating caution.
3. Continued high-pressure regulation in China: The seven major financial associations in China reiterated the ban on all crypto-related activities (including RWA tokenization), restricting market participation from significant economies.
Market Sentiment:
Community sentiment shows divergence: some anticipate prices will break through $94,000; others are concerned about prices having previously dropped below $88,000 and the current key resistance levels.
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