Bitcoin Price Climbs Back To $91,000: Is The Decline Over? Key Levels To Watch

VeChain will talk with Rekord AG about Digital Product Passport technology and how it can help Europe’s digital growth. Such events can help VeChain’s token if they show new deals or real business use. If traders and investors see VeChain making partnerships or moving into real-world work, it could increase demand for VET. Still, talks alone may not drive a large price move unless new partnerships or solutions are revealed during the event. More about the talk is available source.

The planned delisting of GOATS from ONUS could have a negative effect on the price. When a token is removed from an exchange, it becomes harder to buy or sell, leading to less demand and lower liquidity. This often results in selling pressure as users may try to exit their positions before the removal deadline. Also, ONUS stopping support means users must act fast or risk asset loss. Traders should watch for possible price drops around the delisting dates. Learn more from the official announcement source.

The launch of Arise Playtest 3 gives more users a chance to try the game, with rewards and new features like weapons and dungeons. This wider access can attract fresh players and bring more interest to the Cross The Ages token. If feedback is good, the token could see more buying, especially if rewards require using or holding CTA. However, playtests do not always lead to big price moves unless they highlight real progress or adoption. Details are shared by the Cross The Ages team source.

Bitcoin’s most important reversal signal may finally be forming. After three weeks of relentless sell pressure from US spot markets and record ETF outflows, a rare cluster of metrics is shifting in unison.

The Coinbase Premium is recovering, whales are going long aggressively, funding rates have flipped negative, and fresh ETF inflows have reappeared. Analysts say it is the first coordinated improvement in Bitcoin’s market structure since early November.

US Selling Pressure Suddenly Cools After 22 Days of Pain

For most of November, US-based entities drove the price of Bitcoin lower. The Coinbase Premium Index, which compares BTC prices on Coinbase Pro (heavily used by US institutions) versus global exchanges, remained negative for 22 consecutive days, marking the longest discount window of 2025.

Analyst Crypto Goos added that every time this indicator turns “deeply red,” Bitcoin dumps, recognizing the budding change this week. Now it’s starting to cool off, which could signal the beginning of a reversal.

Dark Fost, who reportedly monitors the indicator daily, said the same selling cohort, institutions, professionals, and US whales, has sharply reduced pressure since the panic peak on November 21.

Elsewhere, analysts note that the most significant shift is occurring in position data, with whales going long on Bitcoin more aggressively than individual investors for the first time in history.

With the Coinbase Premium rising again, funding rates falling, and retail showing hesitance, analysts say such conditions often precede sustained uptrends.

In the same tone, analyst Daan Crypto Trades confirmed the spot dynamic improving underneath, citing a steadily returning Coinbase premium with funding rates turning negative. In his view, even small improvements matter because the prior sell pressure was extreme.

Macro Flips Risk-On: Dollar Rejects, Yields Break Lower, and ETF Flows Finally Turn Green Again

However, others observe key catalysts emerging from the macro level, with MV Crypto highlighting a series of market-wide shifts.

Against this backdrop, the prevailing sentiment is that it may be time to adopt a bullish stance rather than a bearish one, thanks to macroeconomic conditions turning positive for the crypto market.

Large transfers and associated flow signals add credence to this line of thought, with SpaceX moving $105 million worth of Bitcoin to Coinbase Prime for custody.

Additionally, after one of the worst ETF outflow months on record, November 25 and 26 finally posted positive inflows.

Historically, Bitcoin performs best when ETF inflows and the Coinbase Premium rise in tandem, signaling broad US demand across both institutional products and spot exchanges.

Analyst Ted has, however, issued a more cautious tone, indicating that even though the Coinbase Bitcoin premium is recovering now, until this trajectory stabilizes in favor of the upside, most BTC rallies will be sold.

Perhaps that is exactly where the market sits, a state that is not fully reversed, but no longer bleeding. This aligns with a recent BeInCrypto analysis that highlighted lingering liquidity concerns despite the Bitcoin price climbing over $90,000.

With whales increasing longs, US sell pressure cooling, funding rates going negative, macro flipping bullish, and ETF inflows reappearing, analysts say Bitcoin is entering its first legitimate window for upside since early November.

Terraform Labs co-founder Do Kwon has asked a US judge to cap his prison time at five years for his role in the collapse of the Terra ecosystem, which erased about $40 billion from crypto markets in 2022.

In a court filing on Wednesday, Kwon argued that a longer term would be excessive given the punishment he has already served and the penalties he has agreed to accept, according to Bloomberg.

Kwon pleaded guilty in August to two counts of wire fraud and conspiracy to defraud after being extradited from Montenegro, where he had been detained. His lawyers said he has spent nearly three years behind bars, “with more than half that time in brutal conditions in Montenegro,” and that he has already paid a heavy personal and financial price.

Under the plea agreement, US prosecutors agreed not to seek a sentence longer than 12 years. However, the defense urged the court to go further, calling anything beyond five years “far greater than necessary” to achieve justice. Kwon also agreed to forfeit more than $19 million along with several properties as part of the deal.

Kwon to face prison time in South Korea

After the US sentencing, Kwon’s legal troubles are not going to be over. Prosecutors in South Korea are pursuing a separate case tied to the same events and are seeking up to 40 years in prison there.

Kwon is scheduled to be sentenced by US District Judge Paul Engelmayer in Manhattan on Dec. 11. Prosecutors are expected to submit their own recommendation in the coming days.

After the 2022 Terra crash, Kwon’s whereabouts were largely unknown until Montenegrin authorities arrested him for using falsified travel documents. He served four months in prison there before US and South Korean officials both petitioned Montenegro for extradition, which was complicated by challenges in the country’s lower courts.

Related: Three years after FTX’s collapse, creditors wait as the industry rebuilds trust

SBF appeals conviction

Kwon is not the only crypto-related figure that has not gotten off easy. In 2024, a federal judge sentenced former FTX CEO Sam Bankman-Fried to 25 years in prison. Earlier this month, the case headed back to court as the former FTX CEO challenged his conviction and sentence in a US appeals court, where his lawyers argued that he was denied a fair trial.

The defense said the jury never heard evidence suggesting FTX remained solvent and claims an early narrative that customer funds were stolen shaped the case before Bankman-Fried could properly defend himself.

By Miyu Okada

Yomiuri Shimbun Staff Writer

Japan's Financial Services Agency (FSA) compiled a draft report centered on strengthening regulations on cryptocurrencies at a working group meeting of its Financial System Council on Wednesday. The draft includes classifying cryptocurrencies like bitcoin as financial products under the Financial Instruments and Exchange Law and prohibiting insider trading based on undisclosed information. The FSA plans to submit a bill to amend the law during next year's ordinary Diet session.

The draft report proposes revising the law so that cryptocurrencies, currently classified as payment methods under the Payment Services Law, will be treated instead as financial instruments. With over 13 million accounts opened on cryptocurrencies exchanges as of September, and cryptocurrencies growing more accessible to general investors, the FSA has determined that they should be regulated under the Financial Instruments and Exchange Law.

Under the law, issuers of cryptocurrencies will be required to disclose certain information on an annual basis, and penalties will be imposed for such acts as making false statements or failing to make required disclosures.

Additionally, cryptocurrency exchange operators will be required to accumulate reserve funds to compensate customers in case assets are lost due to hacking or other unauthorized access. The reserve amount will be set based on amounts lost in past incidents. If a loss occurs, customers are to be compensated without regulators having to approve it.

Cryptocurrencies will be considered subject to regulations on insider trading based on undisclosed internal information. This will enable the Securities and Exchange Surveillance Commission to conduct compulsory investigations and file criminal complaints. A system of financial penalties for violations will also be established.

Furthermore, banks and insurance companies, which are currently prohibited from holding cryptocurrencies for investment purposes, will be permitted to do so. The FSA also intends to lift restrictions on subsidiaries, such as securities firms under bank or insurance company groups, from trading cryptocurrencies.

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This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.

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