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.
Bitcoin surged to a three-week high of $94,600 before pulling back, leaving the market nervous ahead of tonight’s Federal Reserve interest rate decision and press conference.
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.
XRP’s Velocity metric hits a yearly peak, indicating increased network activity despite market volatility, while the price battles between sellers and institutional buyers.
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.
World Liberty Financial (WLFI), a DeFi project linked to the Trump family, has been listed on the Dutch exchange Bitvavo. The project aims to simplify decentralized finance with a stablecoin, a community-governed model, and a user-friendly app.
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.