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#BitcoinActivityPicksUp
🚀 BTC Market Update — Bitcoin Up 2.83% in the Last 24 Hours
(Dec 12), Bitcoin (BTC) is trading at $92,362.57, up 2.83% in 24 hours.
🔼 High: $94,601
🔽 Low: $87,799
📊 24h Volume: $60.1B
💹 Market Cap: ~$1.84T
🔍 Key Highlights You Need to Know
1️⃣ Fed Rate Cut Boosted BTC, But Market Showing Caution
The U.S. Federal Reserve announced a 25 bps rate cut + $40B bond purchase plan, which pushed BTC toward $94,600.
However, BTC is now stabilizing near $90,000, showing mixed market confidence.
🔸 Key support: $88,000–$89,000
2️⃣ Whales Are Reducing Risk
BTC whales have started deleveraging, selling thousands of BTC this week.
This indicates short-term caution and can add temporary downward pressure.
3️⃣ Institutions Still Buying — but Not Uniformly
Some companies continue to accumulate BTC, while others are selling to manage liquidity.
📈 Overall, institutional BTC holdings have risen 448% this year, showing strong long-term belief.
4️⃣ Bitcoin Tech Is Evolving Fast
Blockstream introduced quantum-resistant signature research, and Lightning–Liquid trustless swaps are now supported.
Bitcoin’s L2 ecosystem is expanding, improving real-world usability.
Bitcoin is showing healthy upward momentum, supported by macro policies and long-term institutional confidence — but whale selling signals that short-term volatility remains possible.