Morgan Stanley Wealth Management has issued a cautious outlook on Bitcoin, with strategist Denny Galindo describing the current market phase as a "fall season" where investors should consider harvesting gains. Bitcoin recently dropped below $99,000 and its 365-day moving average, signaling weakening momentum. Long-term holders have increased selling to 104,000 BTC per month, the highest since mid-July.

California-based Auradine has released its next-generation Teraflux bitcoin mining hardware, achieving energy efficiency as low as 9.8 joules per terahash in select configurations. The new lineup includes air-cooled, hydro-cooled, and immersion-cooled models designed for large-scale mining operations. Initial samples are scheduled for Q2 2026, with volume shipments planned for Q3 2026.

Long-term Bitcoin holders have sold nearly 300,000 BTC valued at approximately $33 billion since July 2025, data show. The distribution has been primarily absorbed by exchange-traded funds and corporate treasuries. This represents a significant structural shift in Bitcoin ownership patterns, with institutional buyers replacing individual long-term holders.

U.S. spot bitcoin exchange-traded funds drew $524 million in net inflows on Tuesday, the strongest single-day performance since October 10. BlackRock's IBIT led with $224.2 million, followed by Fidelity's FBTC at $165.9 million. Since launching in January 2024, these funds have accumulated $60.8 billion in total net inflows, with cumulative trading volume nearing $1.5 trillion.

JPMorgan Chase activated its USD-pegged institutional deposit token JPMD on Base, Coinbase's Ethereum Layer 2 network, following a pilot that began in June 2025. The token enables round-the-clock blockchain settlements through the bank's Kinexys platform, with each unit backed one-to-one by USD deposits in segregated JPMorgan accounts. Unlike retail stablecoins, JPMD targets banks and investment funds exclusively, with no public market trading currently available.

Bitcoin may decline to $50,000 between April and August 2026, according to an analysis by OpenAI's ChatGPT. The AI model cited weakening technical momentum after BTC failed to hold above $110,000, with the Relative Strength Index retreating to neutral levels and the price trading near its 200-day moving average at $87,000. Macroeconomic factors including Federal Reserve policy stance and rising exchange inflows were identified as potential pressure points for the cryptocurrency.

Bitcoin dropped 3% to $103,222 on Wednesday as investors took profits and uncertainty mounted over the Federal Reserve's December rate decision. The cryptocurrency briefly traded below $103,000 at around $102,600 earlier in the session. Traders are monitoring conflicting signals from Fed officials regarding a potential year-end rate cut, with the CME FedWatch Tool showing a 66.9% probability of a reduction at the December 9-10 meeting.

Fred Thiel, CEO of Marathon Digital Holdings, stated that Bitcoin mining is entering a challenging phase where only the most efficient operators with access to cheap power will remain viable. As network hashrate reaches record highs, profit margins are compressing industry-wide. According to Thiel, operational viability now depends primarily on securing low-cost energy sources as competition intensifies.