BTC (Bitcoin) decreased by 2.50% in the last 24 hours

Gate News Bot Message, December 11 — According to CoinMarketCap data at the time of press, BTC (Bitcoin) is currently priced at $90,036.77, down 2.50% in the past 24 hours. The highest touched $94,601.57, and the lowest fell back to $87,799.56. The 24-hour trading volume reached $67.203 billion. The current market capitalization is approximately $1.80 trillion.

Bitcoin is an innovative payment network and a new form of currency. BTC operates using peer-to-peer technology, unaffected by any central authority or bank; transaction management and Bitcoin issuance are handled collectively by the network. BTC is open-source, its design is public, and no one owns or controls BTC; everyone can participate. Through many unique properties, BTC enables exciting applications that were previously unachievable with traditional payment systems, featuring rapid peer-to-peer transactions, global payments, and low processing fees.

Recent Important News on BTC:

1️⃣ Institutional and corporate continued strategic accumulation, treasury demand becomes price support

Multiple listed companies and institutions are maintaining accumulation strategies at current price levels. Bitcoin-native financial service company ProCap Financial has increased its holdings to 5,000 BTC, with cash reserves exceeding $175 million, making it one of the largest Bitcoin holdings in the industry. Mining company American Bitcoin Corp. has added 416 BTC since December 2, bringing its total holdings to 4,783 BTC. Strive announced raising $500 million through a preferred stock financing plan to purchase Bitcoin and related products. These accumulation behaviors demonstrate strong confidence from institutions in Bitcoin as an asset reserve tool, providing a bottom support for prices.

2️⃣ Policy support and regulator-friendly attitude boost market confidence

The chairman of the US Commodity Futures Trading Commission confirmed that Bitcoin can be used as collateral in derivatives markets, marking further recognition of Bitcoin’s status within mainstream finance. US Securities and Exchange Commission Chairman Paul Atkins stated that many types of cryptocurrencies are not under SEC jurisdiction during initial coin offerings, reflecting a regulatory framework leaning toward crypto assets. These positive policy signals inject strong momentum into the development of Bitcoin and the entire industry.

3️⃣ On-chain large fund flows indicate institutional positioning signals

Whales/institutions have converted 1,469 BTC into 43,647 ETH through cross-chain exchanges over the past half month, reflecting tactical adjustments between Bitcoin and Ethereum. Galaxy Digital has continuously transferred BTC into a newly created wallet, which now holds 1,200 BTC valued at over $110 million. SpaceX moved 1,021 BTC to a new wallet again, worth approximately $94.48 million, indicating ongoing asset allocation and risk management adjustments by large institutions. These on-chain activities show that institutional investors are actively participating and deploying strategies in the current market environment.

4️⃣ Market liquidity structure optimization, leading assets attract capital concentration

Crypto market liquidity exhibits a cycle-reuse characteristic, with funds significantly withdrawing from high-risk assets and concentrating into major assets like Bitcoin and Ethereum. Stablecoins continue to flow into the market, and ETF capital inflows have slightly rebounded to $56.5 million, indicating fresh funds are entering in an orderly manner. The key price level of $85,500 has become an important support, with bullish traders actively entering at this zone, accumulating about 430,000 BTC, demonstrating that institutions are reaching consensus around these key price levels.

This message is not investment advice; please be aware of market volatility risks.