Bitcoin retreated to around $89,000 after dropping below $90,000, with the Crypto Fear & Greed Index remaining near 25. Major tokens posted losses, with BTC down 3.16%, ETH falling 3.45%, and SOL declining 5.69%. Market participants show limited conviction ahead of the typical year-end rally window.

The U.S. personal saving rate declined to 4.7% in September while inflation remained at 2.8% year-over-year, according to the Bureau of Economic Analysis. Real consumer spending showed zero growth during the period, marking one of the weakest consumption readings this year. Personal income rose 0.4%, driven by wage gains and dividend income.

Bitcoin dropped below $90,000 on December 5, 2025, trading near $89,200. Technical indicators show an RSI of 41 and negative MACD readings, pointing to sustained bearish momentum. Liquidations totaling $167 million—primarily long positions—have amplified selling pressure across the market.

Cantor Fitzgerald cut its 12-month price target for Strategy (MSTR) to $229 from $560, a 60% reduction, while maintaining its buy rating. The firm rejected liquidation concerns, stating the company holds sufficient cash to cover dividend payments for approximately 21 months and can access equity facilities for additional capital if needed.

The Bureau of Economic Analysis reported September Personal Consumption Expenditures inflation at 2.8% year-over-year, matching forecasts. Core PCE declined to 2.8% from 2.9%, beating expectations of 2.9%. Bitcoin maintained levels around $92,000 following the release, with markets pricing an 86% probability of a Federal Reserve rate cut at the December 9-10 meeting.

Bitcoin declined sharply after economic growth warnings triggered a wave of liquidations in derivatives markets, producing an 11,588% imbalance between long and short positions. Long positions accounted for over $115 liquidated for every $1 in shorts, data show. The selloff followed remarks suggesting first-half growth would miss expectations, prompting rapid exits from leveraged positions.

BlackRock's iShares Bitcoin Trust recorded more than $2.7 billion in withdrawals across five consecutive weeks ending November 28, marking its longest outflow period since launching in January 2024. The fund, which manages over $71 billion in assets, logged an additional $113 million in redemptions on Thursday. Data show the outflows accelerated following a crypto market liquidation in early October that eliminated more than $1 trillion in digital asset value.

SpaceX moved 1,083 BTC worth approximately $99.81 million to Coinbase Prime Custody addresses, data show. The USPD stablecoin suffered a $1 million exploit through a CPIMP attack that compromised proxy-layer logic during deployment on September 16, 2025. A Cloudflare outage disrupted access to major exchanges including Coinbase, Kraken, and Upbit.