Author: Wang Tai | Editor: Wang Tai

1. Bitcoin Market

Bitcoin Price Trend (2025/12/06-2025/12/12)

During this phase, the overall trend of Bitcoin is characterized by "breaking support → range consolidation → rebound breakthrough → high-level consolidation → rapid recovery." The price range is roughly between $88,155 and $94,444, with a fluctuation range exceeding $6,000. The daily amplitude has significantly expanded, with a fast market rhythm and variable direction. Market sentiment switches between hesitation and brief optimism. As of the deadline, the Bitcoin price is consolidating around $92,000.

Breaking Support Phase (December 6)

On December 6, Bitcoin continued the previous phase's tail-end consolidation trend, quickly breaking below the previous support level of $90,000 at the beginning of the session, reaching a low of $88,155, which is the lowest point of this phase. Throughout the day, the price fluctuated around the $88,000 to $89,500 range.

Causes of the Trend:

1. The rebound in U.S. Treasury yields and a stronger dollar index put overall pressure on risk assets;
2. After several days of market gains, there was a concentrated profit-taking;
3. Panic selling intensified short-term downward momentum.

Range Consolidation Bottoming Phase (December 7--December 8)

On December 7, the price maintained a low-level consolidation without any significant breakouts, operating within the $88,500 to $89,800 range, with cautious sentiment;

In the afternoon of December 8, the price began to oscillate upward, testing the $90,000 level, but after several failed breakthroughs, it still closed at the upper edge of that range.

Causes of the Trend:

1. Bottom buying gradually emerged, alleviating panic sentiment;
2. Technical indicators showed oversold recovery signals, prompting some funds to buy the dip;
3. The market remained cautious before important integer levels, with unclear direction.

Strong Rebound Breakthrough Phase (December 9--December 10)

On December 9, the price oscillated around $90,000 but showed an overall upward trend, closing slightly above the key level;

On December 10, market sentiment briefly warmed up, leading to a rapid upward trend for Bitcoin, strongly breaking through the $91,000 to $93,000 resistance zone, with an intraday high of $94,444, the highest point of this phase, before oscillating back down to around $92,000.

Causes of the Trend:

1. The Federal Reserve's December meeting cut interest rates by 25 basis points, stimulating a rapid rebound in funds;
2. Bullish sentiment briefly dominated, pushing prices up quickly;
3. The technical structure formed a "V-shaped recovery," attracting momentum trading funds to follow.

High-Level Consolidation Phase (December 11)

On December 11, Bitcoin experienced high-level consolidation before retreating, with multiple intraday dips below $90,000, reaching a low of around $89,600, indicating significant selling pressure at high levels, with some short-term funds taking profits.

Causes of the Trend:

1. Bullish momentum weakened, and after failing to push higher, the market entered a correction;
2. High-frequency trading intensified volatility, bringing prices back near key support areas.

Rapid Recovery Phase (December 12)

On December 12, the price quickly rebounded after the previous day's pullback, rising back to around $93,000, before slightly retreating, consolidating around $92,000 at the time of writing, indicating that the market is still searching for direction.

Causes of the Trend:

1. Strong support from below, with bearish momentum exhausted;
2. Fund replenishment drove the rebound, but trading volume did not significantly increase, and the sustainability of the rebound remains to be confirmed;
3. The market remains cautious amid macro expectations as the year ends.

2. Market Dynamics and Macro Background

Capital Flow

1. ETF Capital Dynamics

This week’s Bitcoin ETF capital flow:

• December 05: +$54.8 million
• December 08: -$60.4 million
• December 09: +$151.9 million
• December 10: +$223.5 million
• December 11: -$154.2 million

ETF Inflow/Outflow Data Image

In total, there was still a net inflow of about $216 million for the week, but the trend was very volatile: first a slight inflow, then a return to net outflow, followed by two large inflows on the 9th and 10th, ultimately offset by significant redemptions on the 11th. Overall, the ETF capital situation shifted from "continuous outflow" to "weak consolidation with several inflows," indicating that a batch of institutions did indeed re-enter the market around the 9th and 10th, but the large redemptions on the 11th also showed that confidence recovery remains fragile.

2. Bitcoin ETF Strongly Rebounds, Single-Day Inflow of $223.5 Million on December 10 Sets a Three-Week High

According to Farside Investors, U.S.-listed Bitcoin ETFs saw a cumulative inflow of $223.5 million on December 10, marking the strongest single-day performance in nearly three weeks. This rebound occurred after several trading days of high outflows and low activity. The inflow of funds closely followed a period of weakening momentum, including a recorded outflow of $195 million on December 4. On the latest trading day, BlackRock's IBIT and Fidelity's FBTC received $192.9 million and $30.6 million, respectively, leading the inflows. Other issuers reported stable capital flow activities, although the contributions from the two major funds were sufficient to push the daily total to its highest level since the end of November. This coincided with a significant rebound in the asset price, with prices rising above $90,000 during Tuesday's trading session. Bitcoin ETFs faced selling pressure earlier this month, but the new inflow of funds has attracted renewed interest from institutional participants focused on market momentum.

3. Spot Bitcoin ETFs Continue to Attract Institutional Capital, BlackRock's Outflow Data Highlights Rotation Model

The U.S. spot Bitcoin ETF saw a net inflow of about $152 million on December 9, maintaining stable institutional holdings. Fidelity's FBTC performed outstandingly, bringing in $199 million, contributing to most of the day's inflows. Other major issuers, including Grayscale, Bitwise, ARK Invest, Franklin Templeton, Invesco, and WisdomTree, also reported positive capital inflows, indicating stable investor confidence in this category. Analysts noted that this wave of inflows corresponds with Bitcoin holding prices above $92,000, reflecting a renewed demand for exposure. Several market observers also pointed out a growing interest from pension funds and family offices. Despite overall market inflows, BlackRock's IBIT saw a net outflow of about $135 million. Experts attribute this shift to rotation between products rather than a weakening overall interest in crypto ETFs. Despite the divergence, total capital inflows remain robust, indicating that institutions are still adjusting their positions amid ongoing macroeconomic developments. Analysts also noted that fund managers are rebalancing their exposure to alternative assets while maintaining cryptocurrency allocations.

4. Futures and Options Market

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Interest in leverage in the futures market is limited, with open interest failing to effectively rebuild, and financing rates are close to neutral. These dynamics highlight a derivatives environment characterized more by caution than conviction. In the perpetual market, funds remained around zero to slightly negative this week, underscoring a continued retreat in speculative long positions. Traders are maintaining balance or defense, with less directional pressure applied through leverage. Due to low derivatives activity, price discovery is more inclined towards spot liquidity and macro catalysts rather than speculative expansion.

In the options market, Bitcoin's subdued performance contrasts sharply with the sudden rise in short-term implied volatility, as traders prepare for larger movements. Interpolated implied volatility estimates IV at fixed Delta rather than relying on listed strike prices, revealing a clearer structure for cross-term risk pricing. In 20-Delta call options, the short-term period increased by about ten volatility points compared to last week, while long-term contracts remained relatively flat. A similar pattern emerged in 20-Delta PUTs, with short-term downward IV adjusted upward while long-term expiration dates remained quiet. Overall, traders are accumulating volatility at expected pressure points, leaning towards accepting convexity rather than reducing it ahead of the December 10 FOMC meeting.

5. Miner Pressure Rises, Whales Accumulate on Dips

On-chain analysis indicates that in December, on one hand, miner pressure is rising, with some miners increasing sales to cover operational costs, while on the other hand, whale addresses are showing significant accumulation and buying actions around the $90,000 mark, forming a "miner selling against whale buying" tug-of-war structure.

This means that miners remain marginal sellers in the short term, providing continuous supply pressure above the price. However, as long as whales and institutions continue to accumulate at key support levels, it is unlikely for prices to experience a "cliff-like" drop similar to November, and it is more likely to evolve into a consolidation phase that exchanges time for space.

Technical Indicator Analysis

1. Relative Strength Index (RSI 14)

Bitcoin 14-Day RSI Data Image

At the end of this period, the RSI is 49.51, which is a significant recovery towards neutrality compared to the "near oversold" level of around 30 in previous weeks, indicating that the recent rebound is primarily a technical correction of the previous excessive decline. After the selling pressure was released, the bullish and bearish forces have temporarily returned to relative equilibrium.

2. Moving Average (MA) Analysis

MA5, MA20, MA50, MA100, MA200 Data Image

The latest moving average data shows:

• MA5: $92,407
• MA20: $90,809
• MA50: $103,458
• MA100: $110,549
• MA200: $106,627
• Current Price: $92,605

It can be seen that in the short term, the current price is slightly above MA5 and MA20, indicating that this week's rebound has pulled the price back above the 20-day moving average, alleviating short-term technical pressure. In the medium term, the price is still significantly below MA50 and MA100, and these two moving averages are diverging downwards, reflecting that the medium-term trend is still in a correction channel. In the long term, MA200 remains above $100,000, indicating that from a longer cycle perspective, the current situation is still just a deep pullback in a larger bull market, without damaging the long-term structure. However, to restore the bullish pattern, the price must at least regain above $100,000.

3. Key Support and Resistance Levels

The recent key support area is roughly between $88,000 and $90,000, corresponding to several previous bottoming rebound positions. On December 11, Reuters also reported that Bitcoin briefly fell below $90,000, once again testing the buying strength in that range.

The primary resistance above is around $94,000, a price that has repeatedly become a rebound high point and is close to the short-term technical resistance area. Many institutions view this as a watershed for "breakthrough or further retreat."

If it successfully breaks above $94,000 and stabilizes, the next step would be to challenge the psychological level near $100,000; if it fails to break through and falls below $90,000 again, it may re-enter the $80,000 range for consolidation.

Market Sentiment Analysis

Fear and Greed Index Data Image

As of December 12, the "Fear and Greed Index" is around 29 points, in the "fear" range.

Looking back at this week (December 06 to December 12), the Fear and Greed Index was 22 (fear), 22 (fear), 24 (fear), 25 (fear), 30 (fear), 29 (fear), and 29 (fear). It can be seen that the overall sentiment remains in a low emotional range but has gradually recovered from the "extreme fear" of previous weeks. From December 6 to 8, the index hovered around 25, and as prices recovered from below $90, sentiment slightly warmed from the 9th to the 11th, rising slightly in the 28 to 30 range.

This indicates that the panic selling phase has passed, and investors' sentiment has shifted from panic flight to hesitation and observation. Fear has not dissipated, but it also means that potential rebound space remains, and if strong positive news or capital inflows occur subsequently, sentiment elasticity will be relatively large.

Macro Economic Background

1. JPMorgan Upgrades Chinese Stocks to "Overweight," Says Recent Adjustment is a Good Entry Point

On December 8, JPMorgan strategists reiterated their positive evaluation of Chinese assets for 2026.

In a report released on Wednesday, Rajiv Batra, head of JPMorgan Asia and co-head of global emerging market equity strategy, upgraded the rating of Chinese stocks to "overweight," stating that the likelihood of a significant rise next year is higher compared to potential downside risks.

Batra's team also noted that the recent adjustments in Chinese assets provide an attractive entry point. After a significant rise in the first nine months of this year, reaching a new high since 2021, the MSCI China Index has retreated nearly 6% in the fourth quarter so far.

It is worth mentioning that during the market turmoil in early April this year, Batra and his colleagues advised investors to buy Chinese stocks, after which the MSCI China Index rose over 30%. Looking ahead to next year, the JPMorgan team believes multiple factors will support the strength of Chinese stocks.

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2. The U.S. Will Allow Nvidia's H200 Chip Exports to China Under Specific Conditions, Benefiting the Crypto Market

On December 8, the U.S. government announced that it would allow exports of Nvidia's high-performance AI chip H200 to China under the conditions of "compliance review + designated customer approval + 25% surcharge." This policy is seen as a significant easing of the AI infrastructure supply chain, supplementing high-computing resources for the Asian market.

In the eyes of the crypto industry, the opening of high-end computing means that the AI × Crypto narrative is further strengthened, likely driving long-term growth for smart contracts, AI agents, data center tokens, and related infrastructure projects.

Some institutions analyze that this move may enhance market risk appetite for technology and crypto assets, providing emotional support for BTC, ETH, and AI concept tokens.

3. U.S. Treasury Yields Continue to Rise, 10-Year Treasury Yield Hits Highest Level Since October 7

On December 9, the U.S. 10-year Treasury yield rose to about 4.17%, the highest level since early October. This is mainly due to inflation data and a strong job market weakening market expectations for future interest rate cuts, prompting investors to sell bonds and pushing yields higher.

In the current context, adjustments in the bond market put pressure on traditional risk assets, while also potentially strengthening the demand for hedging or safe-haven assets such as cryptocurrencies and physical assets.

4. The Federal Reserve Cuts Rates for the Third Consecutive Time by 25 Basis Points, Expected to Cut Rates Only Once in 2026

On December 11, the Federal Reserve announced a reduction in the benchmark interest rate by 25 basis points to a range of 3.50%--3.75%, marking the third consecutive rate cut by the Fed, in line with market expectations. However, this decision faced significant internal opposition, and the Fed's latest forecast indicates that it is expected to cut rates only once in 2026, prompting a reassessment of future policy paths in the market.

The expectation of rate cuts in the U.S. has brought new capital benefits to Bitcoin. As the U.S. enters a new round of rate cuts, market liquidity expectations have significantly improved. A decline in U.S. dollar rates means lower funding costs and a looser financing environment, benefiting global risk assets as a whole. The crypto market, as a high Beta asset, responds more quickly to changes in liquidity.

Institutional analysis points out that rate cuts typically enhance Bitcoin's appeal as an alternative asset. On one hand, funds will flow from bonds and money market funds to high-growth assets; on the other hand, the expectation of a weaker dollar brought by rate cuts makes BTC once again a choice against inflation and currency depreciation.

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4. Policy and Regulatory News

The UK Government Officially Recognizes Crypto Assets (Crypto / NFT) as Private Property

On December 8, the UK government announced that cryptocurrencies and NFT assets would be classified as private property, which many industry insiders view as an important sign of promoting the compliant status of crypto assets.

Although further refinement of regulatory details is still needed—such as custody, consumer protection, and cross-border enforcement—this recognition provides a clear legal basis for crypto assets, benefiting market confidence and capital entry.

Incorporating crypto assets into the traditional legal framework helps them gain acceptance in the mainstream financial system, increasing their integration with traditional assets.

Paraguay's Congress Approves Bill for Comprehensive Tracking of Bitcoin Miners

On December 9, CriptoNoticias reported that Paraguay's House of Representatives approved two resolutions on December 4, requiring information on cryptocurrency mining activities. The resolutions were proposed by Representative María Constancia Benítez and aim to strengthen control, transparency, and regulation of the rapidly expanding mining industry.

According to the resolutions, relevant agencies must submit reports within 15 days. The first resolution requires the Ministry of Industry and Trade to provide information on individuals and companies registered for Bitcoin and cryptocurrency mining; the second resolution requires the National Electricity Administration (ANDE) to provide a list of all authorized electricity connections for cryptocurrency mining, including the names of responsible parties and installation locations.

According to Hashrate Index data, Paraguay currently controls about 3.9% of the global hash rate, ranking fourth globally, behind the U.S., Russia, and China. The country has become a popular destination for international miners due to its surplus hydroelectric energy advantage.

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U.S. Senator Moreno Calls Crypto Bill Negotiations Frustrating, Year-End Legislative Process Intensifies

On December 10, The Block reported that Ohio Republican Senator Moreno described the negotiations surrounding the cryptocurrency market structure bill as "quite frustrating," with Democrats and Republicans planning to meet on Tuesday.

On Monday, at a blockchain association policy summit in Washington, Moreno elaborated on the discussions regarding what this broader bill should include. Moreno stated, "I am not willing to rush out a bad bill just to say we passed something. It is better to do nothing than to reach a bad deal." The market structure bill versions from both the House and Senate are still pending coordination. The House passed its version of the "Clarity Act" in July. Although the Senate's proposal is not significantly different, passing a bill in the Senate is generally more challenging than in the House.

Previously, Senate Banking Committee Chairman and Republican Tim Scott stated that the committee would hold a bill revision hearing on December 17 or 18, which is "feasible." However, on Monday, Democratic Senator Mark Warner revealed that completing the bill revision hearing before the holidays is quite difficult, as they are still waiting for the White House to weigh in on quorum and ethical issues.

UAE Issues New Central Bank Law, Bringing Digital Assets and DeFi Under Central Bank Regulation

On December 11, it was reported that the UAE issued a new central bank law, bringing digital assets and decentralized finance (DeFi) under the traditional banking regulatory framework.

According to Federal Decree No. 6, all cryptocurrency and blockchain organizations operating within or from the UAE must obtain a license from the UAE Central Bank (CBUAE), regardless of the technology used. Unlicensed operations can incur fines of up to 1 billion dirhams (approximately $272 million).

The law brings virtual assets, DeFi protocols, stablecoins, tokenized real-world assets, decentralized exchanges, wallets, cross-chain bridges, and all supporting blockchain infrastructure under the central bank's jurisdiction. The new law provides a 60-day decision period for licensing, risk-based capital rules, and a one-year grace period (until September 2026) for existing participants to achieve compliance.

U.S. House Passes Defense Authorization Act, But CBDC Ban Not Included, Sparking Discontent Among Republican Hardliners

On December 11, Cointelegraph reported that the U.S. House of Representatives passed the National Defense Authorization Act (NDAA) with a vote of 312-112, but the bill did not include the previously promised ban on central bank digital currencies (CBDCs), leading to dissatisfaction among Republican hardliners.

Republican Congressman Keith Self posted on X, stating, "Conservatives were explicitly promised that strong anti-CBDC language would be included in the NDAA, but that promise was broken." Self had submitted an amendment on Tuesday to include the CBDC ban, but the amendment did not advance and was not voted on in the House.

In July, House Republican leadership reached an agreement with hardliners to include a CBDC ban in the defense spending bill in exchange for their support of three cryptocurrency bills. Congresswoman Marjorie Taylor Greene also criticized House Speaker Mike Johnson for failing to fulfill the promise. The bill has now been sent to the Senate, aiming for passage before the end of the year. Self stated that he would continue to push for a CBDC ban in the next must-pass bill.

3. Mining Dynamics

Hash Rate Changes

In the past seven days, the Bitcoin network hash rate has steadily increased, maintaining a range of 854.24 EH/s to 1285.30 EH/s, remaining at relatively high levels.

From a trend perspective, the overall Bitcoin network hash rate has consistently maintained a high range near 1 ZH/s, with the overall structure remaining strong. Although there have been frequent fluctuations in the short term, they all belong to high-level oscillations, without a downward trend, indicating that the hash rate base remains solid. The main changes this week are still closely linked to Bitcoin prices. Around December 5, when BTC experienced a phase pullback, the hash rate also saw a sharp decline, hitting a low of about 854 EH/s. Subsequently, as prices quickly recovered, the hash rate also rebounded rapidly, approaching a phase high of 1.36 ZH/s on December 8, reflecting the resilience of the hash rate recovery speed in the mining industry under a high-cost environment.

Weekly Bitcoin Network Hash Rate Data

As of December 12, the total network hash rate reached 1.09 ZH/s, with mining difficulty at 148.20 T. The next difficulty adjustment is expected to occur on December 24, with an estimated increase of 0.45%, bringing the adjusted difficulty to approximately 148.85 T.

Bitcoin Mining Difficulty Data

Bitcoin Hash Price Index

From the perspective of daily revenue per unit hash rate (Hashprice), Hashrate Index data shows that as of December 12, 2025, Hashprice is $39.24/PH/s/day. This week, Hashprice has generally followed the Bitcoin price trend, showing a rebound after a drop:

December 10: Weekly high of $39.85/PH/s/day

December 7: Weekly low of $37.41/PH/s/day

The core driver of Hashprice remains Bitcoin prices and on-chain transaction demand. From the trend on the 7th, the core fluctuations of Hashprice are still driven by Bitcoin prices and on-chain transaction demand. Due to the recent BTC price pullback and decreased on-chain activity, miner revenues have repeatedly shown weak rebounds. Meanwhile, the total network hash rate continues to rise at high levels, further compressing the profit margins per unit hash rate. Nevertheless, it can be seen that there was a significant increase on Wednesday, stronger than the weekly average, indicating some resilience in a high-volatility environment.

Combining industry data, the current mining economy has entered a tighter phase: the payback period for mining machines has extended, and financing costs have risen, prompting large mining companies to accelerate their layouts in AI and high-performance computing (HPC). However, the revenue contribution from these businesses is still insufficient to offset the decline in traditional mining revenues.

Overall, in the short term, miner revenues remain under pressure, and the mining ecosystem is entering a phase that emphasizes efficiency optimization, cost control, and business diversification. However, against the backdrop of continuously hitting new highs in hash rate and a resurgence of institutional interest in mining, the industry still possesses a certain degree of risk resistance and structural growth opportunities.

Hashprice Data

5. Bitcoin News

"Global Corporate and National Bitcoin Holdings (Weekly Statistics)" Related Content Collection and Organization

1. Strategy Announces It Increased Holdings by 130 Bitcoins Last Week

On December 8, Strategy announced that it had increased its holdings by 130 Bitcoins last week, totaling approximately $11.7 million, with an average purchase price of about $89,960.

2. BTC Treasury Company B HODL Increases Holdings by 2.17 BTC, Total Holdings Reach 157.211 BTC

On December 8, BTC Treasury Company B HODL disclosed that it had added 2.17 BTC to its treasury. After this increase, B HODL's total Bitcoin holdings reached 157.211 BTC.

3. OranjeBTC Increases Holdings by 7.3 BTC, Total Holdings Reach 3720.3 BTC

On December 8, Brazilian listed company OranjeBTC announced that it had increased its holdings by 7.3 BTC at an average price of about $95,000, bringing its total holdings to 3720.3 BTC, with a year-to-date Bitcoin return of 2.2%.

4. Japanese Listed Company Metaplanet Plans to Issue Preferred Shares Similar to Strategy's $STRC to Increase Bitcoin Holdings

On December 9, Bitcoin Magazine reported that Japanese listed company Metaplanet plans to issue a new class of stock similar to Strategy's $STRC, intended for further Bitcoin purchases.

5. MicroStrategy Increases Holdings by 10,624 BTC, Total Holdings Reach 660,624 BTC

On December 10, BTC Treasury Company MicroStrategy disclosed that it had added 10,624 BTC to its treasury. This increase cost approximately $962.7 million, with an average transaction price of $90,615 per Bitcoin.

After this increase, MicroStrategy's total Bitcoin holdings reached 660,624 BTC.

6. ProCap Financial Increases Bitcoin Holdings to 5000 BTC

On December 10, ProCap Financial announced that its Bitcoin holdings had reached 5000 BTC, making it one of the major Bitcoin-holding institutions in the public market.

The announcement stated that the company currently has over $175 million in cash reserves to support its Bitcoin accumulation strategy and business operations.

7. Canaan Inc. Increased Holdings by 100 BTC in November, Current Bitcoin Holdings Reach 1730 BTC

On December 11, Nasdaq-listed Bitcoin mining company Canaan Inc. released its unaudited operational report for November, which disclosed that it mined 89 BTC in November while strategically increasing its holdings by 100 BTC from the public market due to price fluctuations, bringing the company's cryptocurrency inventory to 1,730 BTC and 3,951 ETH by the end of the month.

8. Mining Company American Bitcoin Corp. Increases Holdings by 416 BTC, Total Holdings Rise to 4,783 BTC

On December 11, listed mining company American Bitcoin Corp. (Nasdaq: ABTC) announced that it had increased its holdings by 416 BTC since its latest disclosure. As of December 8, the company holds approximately 4,783 BTC through self-mining and strategic purchases, with some Bitcoins held by custodians as part of mining machine procurement agreements or as collateral.

9. Hyperscale Data Increases Holdings by 25 BTC, Total Holdings Rise to 451.85 BTC

On December 11, listed company Hyperscale Data increased its holdings by 25 BTC, currently holding a total of 451.85 BTC.

10. BNB Plus Invests $3 Million to Increase Holdings by 3,349 BNB, Total Holdings Reach 18,840 BNB

On December 11, Business Wire reported that BNB Plus (Nasdaq: BNBX) announced the purchase of 3,349 BNB at an average price of about $895 per coin for approximately $3 million, bringing its total holdings to about 18,840 BNB (including OBNB trust units). The company stated that it will continue to implement a yield-oriented BNB inventory strategy and connect DeFi and Binance's native yield opportunities.

11. 21 Capital Has Increased Holdings by About 441 BTC in the Past Week

On December 11, Twenty One Capital CEO Jack Mallers reiterated in a recent CNBC interview that the company is not a Bitcoin treasury company but a Bitcoin-native company supported by Tether and SoftBank, aimed at achieving cash flow, growth, and Bitcoin accumulation.

Additionally, according to on-chain holding data released by Jack Mallers, Twenty One Capital has increased its holdings by 441.25 BTC in the past week, bringing its current Bitcoin holdings to 43,514.12 BTC.

12. Spanish Listed Company Vanadi Coffee Increases Holdings by 10 BTC, Total Holdings Reach 129 BTC

On December 11, Spanish listed company Vanadi Coffee (VANA.MC) increased its holdings by 10 BTC, bringing its total holdings to 129 BTC.

DWF Labs Partner: The Market Underestimates the Future Growth Potential of BTC and the Crypto Industry

On December 8, DWF Labs partner Andrei Grachev posted on social media, stating, "I believe we underestimate the future growth potential of Bitcoin and its industry, considering all the positive signs such as regulation, institutional adoption, reserves, and tokenization, these potentials will continue to grow. Speculation becomes complex, but long-term investment is much easier."

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Bank of America Announces It Will Recommend Crypto Assets to Wealth Management Clients

On December 9, Bank of America announced that starting in January 2026, its wealth management advisors will be able to recommend cryptocurrency ETFs and products, rather than just executing trades. This move expands the accessibility of crypto assets to mainstream high-net-worth and institutional investors.

This indicates that Bitcoin is being incorporated into formal investment allocation tools by traditional financial institutions and wealth management services, facilitating broader capital entry into the crypto space.

JPMorgan Predicts Bitcoin Prices Could Soar to $170,000 in the Coming Months

On December 9, JPMorgan strategists stated that if Bitcoin's trading trend resembles that of gold, its price could reach $170,000 next year. The bank has believed for the past few years that Bitcoin's trading price aligns with the price trends of precious metals.

Crypto Sector Rises Broadly, AI Sector Leads with Over 4% Increase, Bitcoin (BTC) Up 2.49%

On December 10, according to SoSoValue data, the crypto market saw a broad rise after experiencing repeated fluctuations, with the AI sector leading with a 24-hour increase of 4.46%, including Fetch.ai (FET) up 9.6%, Worldcoin (WLD) up 6.5%, and Virtuals Protocol (VIRTUAL) up 5.5%.

Additionally, Bitcoin (BTC) rose 2.49%, returning above $92,000; Ethereum (ETH) increased 6.21%, briefly surpassing $3,300.

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Bitcoin Expected to End Traditional Four-Year Cycle, Predicts Market Annual Trading Volume Will Exceed $100 Billion

On December 11, 21Shares released its 2026 cryptocurrency status report, making several important predictions. The core predictions of the report include: Bitcoin will end the traditional four-year cycle, transitioning to a mature macro asset driven by structural capital inflows, macro adjustments, and regulatory clarity;

The global cryptocurrency ETP assets under management will grow from the current over $250 billion to $400 billion, outperforming the Nasdaq 100 ETF; the supply of stablecoins will grow from $300 billion in 2025 to 1 trillion dollars, a 3.3-fold increase; the market's annual trading volume is expected to exceed $100 billion; and the total locked value of tokenized real-world assets (RWA) will increase from $35 billion to over $50 billion.

Bitcoin Expected to Rise to $103,500 to $112,500 in the Next Month

On December 11, Chinese crypto analyst Banmuxia stated, "Bitcoin had a surge early this morning, but the magnitude was not enough. Looking at the rise from $80,500, it is guiding a wedge. Meanwhile, $89,000 to $90,000 is a relatively strong support level. The market suggests that the future one-month rise is between $103,500 and $112,500. The process may still be very tortuous."