Bitcoin Stabilizes Near $92K Amid Weak Demand Signals
- Bitcoin is trading around $92,214 after a reversal during U.S. sessions, indicating seller exhaustion.
- U.S. ETF flows saw a $56.5M inflow on December 9, following over $1.1B in redemptions throughout November.
- On-chain activity remains low with active address counts near cycle lows and realized cap growth at just 0.7%.
- The market shows signs of stabilization but remains structurally weak, with short-term holders dominating supply.
- Ether is trading at approximately $3,296 after a daily gain of about 6%, reflecting improved sentiment among large-cap tokens.
Current market conditions indicate that Bitcoin’s recent price stability is primarily due to reduced selling pressure rather than strong demand, as evidenced by the ongoing defensive positioning in derivatives and low on-chain activity.
The data highlights that while Bitcoin has stabilized near $92K, the lack of robust demand signals suggests a cautious outlook for further price movements.(Source)
