$BTC

Bitcoin Spot Depth Insight | December 7, 2025

Key Takeaway: The market awaits direction amidst divergence.

Bitcoin is currently priced at $89,758. After a 3.20% pullback, it has slightly rebounded, but long and short signals are intertwined, placing the market in a critical game period.

Key Highlights (Bullish Logic)

1. Institutional Entry Accelerates: Traditional financial institutions like France's BPCE have launched crypto services, and reports suggest sovereign wealth funds are accumulating Bitcoin on dips. This marks an increase in mainstream acceptance and potential capital inflow.

2. Whales Quietly Accumulating: Early holders and large addresses reversed the selling trend in December, accumulating 47,584 BTC. Such scale of accumulation often appears before market rallies.

3. Macroeconomic Environment Warms: The market expects the Federal Reserve to cut rates, global M2 money supply is growing, and selling pressure from long-term Bitcoin holders has significantly eased, creating foundational conditions for price recovery.

Major Risks (Bearish Logic)

1. Macroeconomic Liquidity Risk: The potential rate hike by the Bank of Japan could trigger a global “Yen Arbitrage Trade” unwinding, leading to tightened liquidity and impacting Bitcoin and all risk assets.

2. Institutional Buying Pressure Weakens: “Institutional-level” wallets holding between 1,000 to 10,000 BTC have seen their buying pressure noticeably slow and fall below long-term trend lines, indicating that short-term institutional support may be weakening.

3. Weakness in the Leverage Market: The perpetual contract funding rate has slightly turned negative, and a large number of long positions have been liquidated recently, indicating the market is dominated by overly optimistic leveraged positions, which could trigger a chain decline.

Community Sentiment: Anxiety and Faith Coexist

Market discussions are concerned about macro headwinds such as the Bank of Japan's policies, while maintaining a strong optimism regarding Bitcoin's long-term value and institutionalization process. This divergence itself often precedes a turning point.

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