Bitcoin Price Today Near $92,000 as Traders Brace for Fed Rate Cut and ETF Shake‑Up (December 10, 2025)

Bitcoin is trading around the $92,000 mark today, December 10, 2025, as the market sits on edge ahead of a closely watched Federal Reserve rate decision and shifting institutional flows in major Bitcoin ETFs. Real‑time data from multiple exchanges shows BTC fluctuating in a 24‑hour range of roughly $90,000 to $94,500, with most spot feeds clustering just above $92K. ^[1]

At this level, Bitcoin’s market capitalization hovers around $1.8–$1.9 trillion, keeping it firmly in first place among digital assets and accounting for more than half of the total $3.2–$3.3 trillion global crypto market cap. ^[2]

Bitcoin price today: key numbers (December 10, 2025)

Based on aggregated data from major price trackers and exchanges:

Spot price: Around $92,000 per BTC at press time. ^[3]
24‑hour range: Approximately $90,000 – $94,500. ^[4]
Daily change: Roughly ‑0.5% to ‑1% on the day after a strong rebound from last week’s sub‑$90K levels. ^[5]
Market cap: Around $1.8–$1.9 trillion. ^[6]
24‑hour trading volume: Estimates cluster between $25 billion and $50+ billion, reflecting an active but not euphoric market. ^[7]

On a weekly basis, Bitcoin has climbed from the high‑$80Ks/low‑$90Ks back into the low‑$90Ks, but it remains well below the all‑time highs above $120,000 reached earlier in the year and roughly 25% off its October peak. ^[8]

Fed decision in focus: can a rate cut unlock a fresh rally?

The dominant narrative today is macro: markets widely expect the Federal Reserve to cut rates by 25 basis points later in the day. Multiple analyses note that rate‑cutting cycles typically support non‑yielding assets like gold and Bitcoin, especially if the Fed’s guidance for 2026 turns out more dovish than anticipated. ^[9]

OANDA’s MarketPulse outlines three key scenarios for Bitcoin around the Fed decision: a daily close above ~$94,000 could confirm a break higher and keep alive hopes for a yearly close above $100,000; a range‑bound close between $88,000 and $92,000 would extend the current “hesitant” structure; and a drop below $88,000could re‑ignite a larger bearish trend. ^[10]
Pintu’s on‑chain‑focused report likewise frames the meeting as a possible turning point, suggesting that a 25 bps cut could spark renewed risk appetite—but only if short‑term holders don’t immediately sell into strength. ^[11]

Broader crypto coverage shows that the market has already been positioning for a friendlier Fed. 99Bitcoins’ live “Crypto Market News Today” column highlights a 12% Bitcoin rally from recent lows as BTC and ETH inflows turned positive heading into the decision, with traders betting on a post‑FOMC “supercycle” narrative if the macro backdrop cooperates. ^[12]

ETF flows: from outflows to cautious optimism

Under the surface, ETF flows remain one of the biggest drivers of sentiment:

A Coindesk market update notes that while selling pressure has cooled, demand still “lags,” with U.S. spot Bitcoin ETF flows only recently flipping back into positive territory after a period of outflows. On‑chain activity, however, remains near cycle lows, implying that much of the action is happening inside custodial products rather than on the blockchain itself. ^[13]
An in‑depth piece from Ainvest points out that Bitcoin spot ETFs saw around $3.5 billion in net outflows in November, but “whales” simultaneously absorbed roughly 186,000 BTC, suggesting large, sophisticated holders are quietly buying what ETF investors are selling. ^[14]
The BlackRock iShares Bitcoin ETF—a bellwether for institutional interest—has just logged its largest monthly outflow to date, around $135 million, according to Cryptonomist, a sign that some investors are actively taking profits or rotating risk even while others are stepping in. ^[15]

At the same time, ETF innovation is accelerating rather than slowing. A new U.S. filing seeks approval for a so‑called “After‑Dark” Bitcoin ETF that would buy BTC after U.S. markets close and sell it at the open, attempting to capture the historical tendency for Bitcoin’s gains to cluster in overnight sessions. Analysts quoted in that report argue this marks the start of a hyper‑specialized ETF era, where issuers compete by slicing the market’s return profile into ever more targeted products. ^[16]

Taken together, today’s ETF narrative is nuanced: headline outflows look negative, but whale accumulation and new product experimentation hint at longer‑term confidence in Bitcoin as an institutional asset.

Whales, shorts and volatility: what on‑chain and derivatives data show

Fresh analysis today puts a spotlight on short sellers and large holders:

TheCryptoBasic reports that roughly $136 million in short positions were liquidated recently as Bitcoin jumped back above $92,000, wiping out leveraged bets on further downside. The article cites a 24‑hour price range of about $90,000–$94,500, a market cap near $1.85 trillion, and trading volume above $50 billion, arguing that this shake‑out could pave the way for a test of upper Bollinger Band resistance if momentum continues. ^[17]
Ainvest’s on‑chain breakdown highlights a rising dominance of whale accumulation, with large entities significantly increasing their BTC holdings since October, even as retail activity cools. The author describes this as “a market being quietly rebuilt” by sophisticated participants, implying that the current consolidation may be more re‑accumulation than distribution. ^[18]
Coindesk’s volatility analysis notes that Bitcoin’s volatility indices continue to compress, mirroring a similar pattern in the S&P 500. While this brings short‑term price stability, it also dampens the odds of an explosive year‑end rally, at least unless a strong macro or ETF catalyst intervenes. ^[19]

Put simply: shorts are getting squeezed, whales are buying, but realized volatility is still drifting lower, creating an uneasy mix of calm price action and pent‑up positioning.

Technical picture: $94K resistance, $90K and $88K supports

Several technical analyses published today converge on similar key levels:

Immediate resistance:
- U.Today flags $94,172 as a crucial resistance level; a decisive close above it could open up a path to $96,000–$98,000. ^[20]
- The Economic Times notes that price has been gravitating toward a key resistance around $94,253, with futures open interest near 121,000 BTC and recent ETF inflows of about $152 million, setting the stage for a volatility spike around the Fed decision. ^[21]
Near‑term support:
- U.Today sees $91,800 as important intraday support; a failure to bounce there could invite a retest of the $91,000 zone. ^[22]
- OANDA’s MarketPulse places the crucial lower boundary around $88,000, warning that a daily close beneath that area might re‑ignite a deeper downtrend. ^[23]

Most short‑term technical outlooks agree that consolidation between roughly $91,000 and $96,000 is still the base‑case scenario for the rest of December, unless the Fed or ETF flows deliver a major shock. ^[24]

Short‑term holder behavior: the invisible ceiling below $100K

One of the more sophisticated narratives today comes from on‑chain analytics focused on holder cohorts:

Pintu’s analysis shows the supply share controlled by short‑term holders (STH) has risen from about 18.3% to 18.5%, moving above a historical “upper bound” near 17.6%. ^[25]
This means a larger chunk of supply is in the hands of investors who typically sell quickly into rallies, which can cap upside moves and cause sharp intraday swings when prices approach new highs. ^[26]
Despite the recent rebound, the percentage of Bitcoin’s supply currently in profit sits around 67%, far below the 98%+ levels often seen near euphoric bull‑market peaks, signaling that many coins are still underwater and that sentiment remains cautious rather than euphoric. ^[27]

Pintu’s base case: if the Fed cut reignites broad risk‑on sentiment, a clean defense of support near $90,400–$91,000could lead to a retest of $95,000 and eventually unlock the long‑discussed $100,000 milestone. But if short‑term holders aggressively take profits into the first post‑FOMC spike, Bitcoin may struggle to maintain momentum and could slide back toward the mid‑$80Ks. ^[28]

What big banks and analysts are forecasting now

Perhaps the most headline‑grabbing development today is that one of Bitcoin’s loudest Wall Street bulls has turned more cautious.

A Reuters “Live Markets” update reports that Standard Chartered—long a high‑profile Bitcoin optimist—has cut its BTC price forecasts for 2025 and 2026 in half. The bank’s head of digital‑assets research, Geoff Kendrick, now projects Bitcoin at around $100,000 by the end of 2025 and $150,000 by the end of 2026, down from earlier targets of roughly double those figures. The bank still thinks $500,000 is possible by 2030, but that target has been pushed back by two years. ^[29]
A separate forecast roundup from Finance Magnates echoes the theme of tempered optimism, suggesting BTC may consolidate below the $94K resistance and even revisit a $74,000 “accumulation zone” before embarking on a new leg higher that could eventually target the $160K+ area in a later expansion phase. ^[30]
Other price‑target articles this week focus on an intermediate objective near $108,500, noting that repeated failures to break above that zone have created a “double ceiling” that Bitcoin must clear to convincingly resume its macro uptrend. ^[31]

On the more bearish side of the spectrum:

A widely cited NewsBTC analysis, carried on TradingView’s news feed, warns that the current BTC pump could end in a sizeable crash in the coming weeks, potentially sending price back toward support around $74,000before any sustainable bounce. ^[32]

The overall picture from today’s forecasts: year‑end targets near or slightly above $100,000 remain on the table, but the market is no longer pricing in a straight‑line move to extreme numbers like $250K–$300K in the near term.Analysts increasingly talk about a slower, more staggered bull market rather than the kind of “blow‑off top” some had predicted earlier in 2025.

Institutional moves and corporate treasuries: SpaceX and beyond

Institutional and corporate behavior is also in the spotlight today:

Blockchain analytics firm Arkham has flagged another $95 million Bitcoin transfer by SpaceX, reportedly as the company prepares for a possible 2026 IPO. The latest move adds to speculation about how aggressively large private firms will continue using BTC as a treasury or liquidity management asset amid regulatory and market uncertainty. ^[33]
Outside of pure Bitcoin exposure, investor capital has also been rotating into tokenized “safe‑haven” assets. An AMBCrypto report points out that tokenized gold and silver have outperformed Bitcoin in 2025, as some investors sought on‑chain assets with lower perceived volatility than BTC during the latest pullback. ^[34]

Standard Chartered’s downgrade was partly justified by a view that ETF flows, rather than corporate balance sheets, will drive the next phase of demand, reflecting a shift from earlier cycles where companies like MicroStrategy dominated the narrative. ^[35]

Competing narratives: crash risk vs. slow‑burn recovery

Reading across today’s commentaries, two broad narratives stand out:

The cautious bull case
- Modest Fed easing + stabilizing ETF flows + whale accumulation = a slow grind higher, potentially pushing BTC back above $100K in 2026 once the market has fully digested the recent 25% drawdown. ^[36]
- Technicals favor sideways consolidation between $91K and $96K in the near term, with breakout attempts likely capped near $94K–$98K until new macro data or ETF inflows arrive. ^[37]
The correction‑first scenario
- Several analysts argue the recent rebound is merely a relief rally after November’s crash to the high‑$80Ks, and that over‑leveraged longs plus “late bull‑market” positioning could trigger a deeper retest of the mid‑$70Ks before any durable leg higher. ^[38]
- Compressed volatility and fading corporate demand are seen as warning signs that another washout may be needed to reset sentiment before the next major advance. ^[39]

For now, the price itself—hovering near $92K with muted intraday volatility—suggests that neither camp has fully won the argument.

Key things to watch for the rest of December 10, 2025

Going into the Fed announcement and the U.S. trading session close, traders and analysts will be watching:

The Fed’s tone: not just whether the expected 25 bps cut arrives, but how strongly the Fed signals further easing into 2026. A more dovish path could support a push toward the $94K–$96K band; a hawkish surprise might send BTC back toward the low‑$90Ks or high‑$80Ks. ^[40]
Spot ETF flows over the next few days: after the recent flip back into net positive territory, sustained inflows would strengthen the bull case; another sharp outflow—especially from the largest U.S. funds—would reinforce the idea that December is for profit‑taking, not risk‑taking. ^[41]
Behavior of short‑term holders: if on‑chain data shows aggressive realized profits into any post‑FOMC spike, that would validate the Pintu thesis that STHs are blocking the path to $100K, at least for now. ^[42]
Key technical levels:
- Upside: $94K–$94.5K, then $96K–$98K, and finally the $100K psychological line. ^[43]
- Downside: $91K–$90.4K short‑term support, $88K as a bigger line in the sand, and the $74K area as the “worst‑case” accumulation zone highlighted in several bearish scenarios. ^[44]

Bottom line: Bitcoin steady, not sleepy

As of December 10, 2025, Bitcoin is calm on the surface but noisy underneath:

Price is steady near $92,000, with volatility compressed compared with earlier in the year. ^[45]
Macro policy, ETF flows, and on‑chain holder dynamics are all sending mixed signals rather than a clear green or red light. ^[46]
Forecasts have cooled from exuberant “$300K soon” calls to more measured paths that still see $100K+ as plausible, but over a longer timeline and with more bumps along the way. ^[47]

For traders and long‑term holders alike, today’s message is clear: the next big move is likely to be driven less by memes and more by macro data, ETF flows, and how different classes of Bitcoin holders react to them.

This article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrencies are highly volatile and you can lose all of your capital. Always do your own research and consider consulting a licensed financial professional before making investment decisions.