Bitcoin’s price surged from $91k to $94k without clear news, leading several analysts to accuse large players like Wintermute of coordinated market manipulation to trigger liquidations.
As Bitcoin trades between $84,000 and $92,000, some traders bet on a crash to $20,000 (€17,000) via put options, while others eye a rally to $200,000. Derivatives data shows extreme positions, but hedging and cheap options may drive the bets. Currently, BTC shows low volatility at around $92,700.
A recent analysis from Coinbase suggests Bitcoin may experience a ‘Santa Claus rally’ this December. The rationale is based on a significant reduction in market leverage following a volatile November, creating a healthier market structure and reducing the risk of sudden liquidations.
Standard Chartered has cut its year-end Bitcoin price target from $200,000 to $100,000, also lowering its forecasts for 2026 and pushing its long-term $500,000 target to 2030 due to slower ETF inflows and tighter market conditions.
Technical analyst Peter Brandt warns of a potential ‘dead-cat bounce’ and a significant correction for Bitcoin, while YoungHoon Kim, dubbed the man with the world’s highest IQ, views the recent dip as a temporary discount caused by manipulation, predicting a swift rally to a new all-time high.
The White House’s new national security agenda, which calls for increased defense spending by the U.S. and its allies, could raise global debt and bond yields, posing risks to the crypto market.
K33 Research suggests that despite recent corrections and market fear, December may mark a turning point for Bitcoin’s price, with short-term positive developments outweighing long-term risks.
New analysis by Presto Research shows European traders led the recent cryptocurrency market downturn, while Asian and US markets remained relatively stable.
Long-term Bitcoin holders have seen their profits vanish as the market cools, with data showing a significant shift in profitability towards short-term holders. Despite the downturn, reduced selling pressure could signal a potential bottom for the market.