Two batches of Bitcoin linked to Casascius physical coins, each containing 1,000 BTC, transferred on-chain after remaining dormant for over 13 years. Analysts remain divided on market direction, with one pointing to a USDT dominance divergence as a potential bearish signal. Another emphasizes Bitcoin must reclaim the 90,000-dollar level to confirm buyer control.

Veteran trader Peter Brandt has maintained his cautious outlook on Bitcoin, suggesting the recent rally may represent the final retest of a broadening top formation. He assigned a 30% probability that BTC already peaked this cycle. Brandt identified the $88,000–$92,000 range as critical support and noted a target zone below $70,000 if the pattern plays out.

Equity premiums for bitcoin treasury companies have collapsed as BTC fell from $126,000 in October to near $92,000, according to Galaxy Research. On-chain capitulation metrics reached all-time highs during the decline. Strategy, Metaplanet, Semler Scientific, and Nakamoto now trade at or below their bitcoin net asset value, reversing the once-profitable model of issuing shares above NAV to accumulate more BTC.

Bitcoin dropped below $90,000 after reaching approximately $94,000 earlier this week. The pullback has sparked debate among market participants about whether this represents a temporary correction or signals the end of recent upward momentum. The cryptocurrency is trading near $89,415, down over 3% in the past 24 hours.

Bitcoin trades within a $86,000–$92,000 range, with the $87,400–$88,700 zone identified as critical support containing key Fibonacci levels from the recent decline. Analysts MakroVision and Michaël van de Poppe suggest the market may be approaching a bottom, but warn that failure to break above $92,000 could trigger another decline toward the low-$80,000s. Both emphasize that sustained recovery depends on holding current support or completing a double-bottom formation before reversing.

Bitcoin remains below $90,000, but three factors continue to support a potential year-end rally to $100,000. The Federal Reserve ended its quantitative tightening program on December 1, creating expectations for monetary easing. Order-book data shows key liquidity zones at $90,000 and $94,500, while technical charts indicate a possible breakout above $95,000 resistance if support at $84,000 holds.

SpaceX transferred approximately 2,246 BTC in transactions exceeding $200 million over a 12-hour period and the preceding week, according to Arkham Intelligence. The aerospace company maintains control of more than 5,012 BTC valued at approximately $448 million. Blockchain analysis shows no confirmed connections between destination wallets and known cryptocurrency exchanges.

State Representative Kyle Pierce filed House Bill 1042 on Thursday, requiring cryptocurrency exchange-traded fund options in Indiana's public retirement programs. The legislation also bars local governments from imposing unreasonable restrictions on digital asset activities, including self-custody, payments, and mining operations.