OKX CEO Star Xu publicly addressed allegations involving a 1,500 Bitcoin loan to Moore Threads co-founder Li Feng, calling for legal resolution of the decade-old dispute. The controversy resurfaced as Moore Threads debuted on the Shanghai Stock Exchange with shares surging nearly 470%. The GPU maker's market valuation reached approximately RMB 282 billion ($39.9 billion) following the IPO.

Bitcoin mining equities declined 1.8% in the week ending December 5, 2025, with market capitalization falling to $67.89 billion from $69.12 billion. Trading volume dropped 25.66% to $307.35k. Average cash costs for public miners to produce one Bitcoin reached $74,600, while all-in costs including depreciation and stock-based compensation climbed to $137,800, according to CryptoRank data.

MicroStrategy has accumulated 650,000 bitcoins through 88 transactions, with holdings currently valued at $57.8 billion at an average cost of $74,436 per coin. The portfolio shows unrealized gains of 19.5%, or approximately $9.4 billion. Michael Saylor's recent social media post asking "₿ack to Orange Dots?" has fueled speculation about potential new purchases during the current price decline.

Bitcoin accumulated $732 billion in fresh capital between 2022 and 2025, exceeding the combined inflows from all earlier market cycles, according to Glassnode's Q4 Digital Assets Report with FasanaraDigital. The cryptocurrency's Realized Cap reached $1.1 trillion while its market dominance rose to 58.3%. Monthly net inflows during the period fluctuated between $30 billion and $100 billion, driven by stablecoin liquidity, spot ETF demand, and tokenized asset infrastructure.

Bitcoin's liveliness metric has sustained an upward trend despite softer spot prices, indicating continued network engagement by long-term holders and larger market participants. Concurrently, the Russell 2000 small-cap index has broken above long-standing resistance levels, replicating a pattern that preceded four Bitcoin rallies since 2011.

The Federal Reserve executed a $13.5 billion overnight repurchase agreement on December 1, marking a notable increase in short-term dollar funding operations. The spike signals temporary tightness in funding markets, where institutions exchange Treasury collateral for cash overnight. Bitcoin's price behavior now correlates with these liquidity shifts, as the asset has become integrated into the same risk-on/risk-off framework that governs traditional finance.

Options market participants are increasingly selling short-dated volatility on Bitcoin rather than positioning for breakout moves. The shift follows a two-month period that erased over $1 trillion from the crypto market. BTC has consolidated between $80,000 and $100,000 over three weeks, with premium sellers treating the pattern as evidence the asset may remain range-bound.

Bitcoin could fall to the low-$80,000 range if it fails to reclaim $92,000, trading analyst Michaël van de Poppe warned. The cryptocurrency traded at $89,411, down 0.5% in 24 hours and 2.2% over the past week. Bitcoin continues to face resistance above $90,000, with limited directional conviction between $86,000 and $92,000.