BTC (Bitcoin) increased by 2.83% in the last 24 hours

Gate News Bot Message, December 12 — According to CoinMarketCap data, at the time of reporting, BTC (Bitcoin) is priced at $92,362.57, up 2.83% in the past 24 hours, with a high of $94,601.57 and a low of $87,799.56. The 24-hour trading volume reached $60.103 billion. The current market capitalization is approximately $1.84 trillion, an increase of $50.698 billion from yesterday.

Bitcoin is an innovative payment network and a new form of currency. Operating on peer-to-peer technology, Bitcoin does not require central authorities or banks for management; transaction oversight and Bitcoin issuance are carried out collectively by the network. Bitcoin is open-source, with its design made public; no one owns or controls Bitcoin, and everyone can participate. Through numerous unique properties, Bitcoin offers features such as fast peer-to-peer transactions, global payments, and low processing fees, enabling innovative applications that were previously impossible with traditional payment systems.

Important recent news about BTC:

1️⃣ Federal Reserve Policy Support Coexists with Market Volatility On December 12, the Federal Reserve announced a 25 basis point interest rate cut and a $40 billion short-term government bond purchase plan. While this initially pushed BTC up to a high of $94,601, market expectations divergence led to subsequent pullbacks. Currently, Bitcoin is seeking support near $90,000, indicating that although easing policies are positive, market doubts about their sustainability persist. Technical analysis shows that if the price falls below the support levels of $88,000–$89,000, it could test lower levels around $85,000.

2️⃣ Large Holders Show Signs of Deleveraging Major whales engaged in long positions with WBTC are beginning to deleverage. Within three hours, they sold 150 BTC at an average price of $92,276 and repaid their Aave loans, indicating a contraction of leveraged long positions. Meanwhile, the group of Bitcoin whales (holding between 100,000 and 1,000,000 coins) has sold or transferred 36,500 BTC since early December, worth approximately $3.373 billion. These on-chain data suggest large holders are gradually reducing their risk exposure, which may exert short-term downward pressure on prices.

3️⃣ Institutional Capital Continues to Participate but at Divergent Pace Nasdaq-listed Lion Group spent $8 million to buy 88.49 BTC, while Spanish-listed Vanadi Coffee added 10 BTC. Conversely, Bitcoin technology firm Satsuma sold 579 BTC to address upcoming loan maturities, netting $53.2 million. Data shows that since the beginning of the year, Bitcoin holdings of listed and private enterprises have surged 448% to 1.08 million BTC, indicating strong long-term demand. However, short-term institutional activity remains mixed.

4️⃣ Network Technology Progress and Application Layer Expansion Blockstream researchers proposed hash-based signatures as a quantum-resistant upgrade path for Bitcoin, emphasizing that its security relies solely on the hash function assumption, providing a long-term technical evolution path. Additionally, Blockstream’s wallet integrates Boltz to enable trustless swaps between Lightning and Liquid networks. The Bitcoin rewards app Lolli now supports Lightning Network withdrawals. Layer 2 ecosystem development is accelerating, laying infrastructure foundations for practical Bitcoin applications.

This message does not constitute investment advice; investors should be aware of market volatility risks.