$BTC

Spot BTC Deep Insights | December 10, 2025, 13:00 UTC

Key Points:

Bitcoin price fell by 2.22% in the last 24 hours, technical momentum is weakening, and the market is focused on the upcoming Federal Reserve interest rate decision. Despite broader access channels for institutions, clearer regulations, and tightening exchange supply, large holders are becoming cautious, and the market faces high volatility risks in the short term.

Key Developments:

1. Institutional Access Milestone: PNC Private Bank becomes the first major U.S. bank to offer direct spot Bitcoin trading services, significantly broadening institutional access channels.

2. Increased Regulatory Clarity: The U.S. OCC confirms that banks can act as intermediaries in Bitcoin trading, potentially encouraging more regulated financial institutions to participate in the digital asset space.

3. Continued Tightening of Exchange Supply: Since last year, over 400,000 BTC have been withdrawn from exchanges, with ETF and listed company holdings surpassing the total of exchanges, leading to tightening tradable supply.

Main Risks:

1. Weakening Short-Term Technical Momentum: The MACD histogram has turned negative and dropped significantly within 6 hours, indicating that bullish momentum is fading and further price declines are possible.

2. FOMC Decision Triggering High Volatility: The upcoming Federal Reserve interest rate decision, regardless of the outcome, could trigger severe volatility in the cryptocurrency market.

3. Large Holders Becoming Cautious: Observations indicate that large holders are reducing their Bitcoin holdings, and if this trend continues, it may suppress significant price increases.

Market Sentiment:

The community has mixed views on recent price fluctuations: some attribute the rise to positive macro factors and institutional accumulation; others express concern about the sudden increase without clear fundamental catalysts and potential abnormal market activity.

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