In This Article
- Open Interest Cut Almost in Half Since October as BTC USD Struggles to Hold $90,000
- Bears in Control Until $96,000 - Key Level for BTC USD Bulls
- Coinbase Selling, Binance Buying: Manipulation or Does CZ Know Something that Brian Armstrong Doesn't?
- As BTC/USD Stabilizes, Is Bitcoin Hyper (HYPER) the Best Beta Play Right Now?
As expected, the crypto market has experienced a rollercoaster 24 hours, engulfing the lead-up to yesterday’s FOMC meeting, Jerome Powell’s confirmation of a 25 bps cut, and his subsequent comments on US monetary policy in the future, which were more dovish than many expected, have created lots of volatility across the market.
BTC USD briefly tapped $94,000 post-FOMC but has since fallen back to $90,200 as Open Interest (OI) continues to decline, indicating a decrease in speculative activity. However, optimistic analysts see the drop in OI as a simple leverage flush, which has historically marked local bottoms.
In other Bitcoin news, the publicly traded, Trump-backed, American Bitcoin has also announced the acquisition of an additional 416 BTC, currently worth around $38.3M, bringing its total treasury reserve to roughly 4,783 BTC as of December 8. Eric Trump said the company has become one of the fastest-growing bitcoin accumulators since its Nasdaq listing three months ago.
Open Interest Cut Almost in Half Since October as BTC USD Struggles to Hold $90,000
Since mid-October, Bitcoin OI has been slashed by nearly 50%, falling from $45.2Bn down to $27.7Bn as of today (December 11). During the same period, BTC USD has dropped from $126,000 to $90,000.
A sharp drop in Bitcoin OI typically indicates that many futures positions are being closed, effectively removing excess leverage and risk from the system. These leverage flushes often occur during periods of high volatility or significant price moves, and they can signal that the market is approaching a bottom or that the current price trend is losing momentum.
This aligns with the market moves over the past 24 hours, as yesterday’s FOMC meeting brought heightened volatility. Given that the BTC USD price trend has already lost momentum following its 28% decline from those October highs, it seems more likely that the reduction in OI indicates the market is close to a bottom.
The final piece of the Fed announcements will come later today, at 1:30pm UTC, when PPI and Jobless data are released. The Producer Price Index (PPI) program measures the average change over time in the selling prices received by domestic producers for their output.
Once the dust settles on yesterday’s Fed announcement of a 25 bps rate cut, Powell’s subsequent semi-dovish comments, and today’s job and PPI data, Bitcoin
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will pick a direction as we head into the yearly close.
DISCOVER: 20+ Next Crypto to Explode in 2026
Bears in Control Until $96,000 – Key Level for BTC USD Bulls
Amid overnight volatility, BTC USD is once again hanging on to $90,000 by a thread, trading at around $90,200. Whether this is a typical shakeout that comes during times of volatility remains to be seen, but for any bullish finish to the year, Bitcoin must hold the $90,000 level.
If bulls can successfully break above the 96,000 level and flip it to support, they will take complete control of the market. However, the entire zone is currently heavily manipulated. Weak-hand investors are being scared out, and sellers are getting trapped at awkward levels.
Coinbase Selling, Binance Buying: Manipulation or Does CZ Know Something that Brian Armstrong Doesn’t?
The manipulation goes to the very top, with leading exchanges Coinbase and Binance currently on opposite ends of the chart. Data from Kiyotaka.ai shows that Coinbase has been selling BTC in large quantities over the past 24 hours while Binance is buying.
In the past 24 hours alone, Binance has purchased over $20M in BTC USD while Coinbase has sold over $25M worth of Bitcoin. It follows comments from Binance founder CZ, in which he predicted a ‘2026 Supercycle‘.
CZ is leaning toward a collapse of the four-year cycle that has dictated the bull/bear markets since 2014. It is similar to Ark’s Cathie Wood, who also stated that the four-year cycle is over and that the bottom could be closer than we think.
Speaking at the Binance Blockchain Week in Abu Dhabi, CZ took to the stage and responded to a question about “Next year (2026) bull market?” with, “We may be seeing a supercycle, let’s see.”
Whether it is right or not, Coinbase and its founder, Brian Armstrong, clearly disagree with their rivals, as evidenced by Coinbase selling BTC at around $92,000 while Binance, ByBit, and OKX are buying.
As BTC/USD Stabilizes, Is Bitcoin Hyper (HYPER) the Best Beta Play Right Now?
With BTC USD price holding above $90,000 but yet to breach the key $96,000 level, it is a good opportunity for altcoins to run while the leading digital asset picks a direction for the remainder of 2025.
We now have a 25 bps rate cut confirmed by Powell as of yesterday, which will allow a return to risk-on assets. With CZ calling for a 2026 supercycle, there is no better BTC beta play than Bitcoin Hyper (HYPER).
HYPER has the potential to be one of the biggest plays in 2026 as the first Layer-2 solution for Bitcoin that integrates GameFi, NFTs, and DeFi into the core layer of the leading digital asset.
This innovation is expected to attract an abundance of untapped liquidity and create new opportunities for market participants that missed out on the life-changing gains from the 2013 to 2021 Bitcoin run.
Bitcoin Hyper utilizes the Solana Virtual Machine (SVM) to achieve market-leading transaction speeds and low fees, two key things missing from the Bitcoin core layer.
Visit the Bitcoin Hyper website to learn more and participate in the presale. You can purchase using ETH, USDT, BNB, or even a credit card.
Only nine hours remain until the HYPER ICO moves to its next price stage. Once the timer hits zero, the current price of $0.013405 will be gone for good, locking in profits for those who get in now.
For the latest updates on all things HYPER, join the community on Telegram and X. Time is ticking to secure one of the potential new Coinbase listings at presale prices before it hits the open market.
Visit HYPER HereEXPLORE: Best Meme Coin ICOs to Invest in 2026
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