The crypto market experienced a significant drop in Bitcoin's price, falling below $95,000 after reaching $100,000. Bitcoin is currently trading at $98,161.25, marking a 5.10% decline in a single day. The overall market cap of Bitcoin is $1.94 trillion. The 24-hour trading volume has increased by 17.68% to $130.86 billion. The crypto market's total market cap is now $3.57 trillion, a decrease of 2.69% in the last 24 hours. Bitcoin's dominance has also decreased by 1.53%, settling at 53.91%.

Despite the drop in price, spot Bitcoin ETFs reported consistent net inflows for the sixth consecutive day. December 5 saw a total of $767 million in inflows, with BlackRock's IBIT ETF leading with $2.5 billion in five-day inflows and a single-day record of $771 million. This shows sustained confidence in Bitcoin from institutional investors, despite short-term volatility.

Crypto liquidations reached $1.1 billion in the past 24 hours, the highest since December 2021. Analysts attribute this to a leverage flush by larger holders, with retail traders' excessive leverage exacerbating the liquidations and further pressuring the market.

Technical indicators show that Bitcoin's Relative Strength Index (RSI) is at 63.56, signaling a moderately overbought zone. The Chaikin Money Flow (CMF) indicator remains positive, reflecting steady buying interest.

Moving averages indicate that the price is still above the 50-day moving average but faces resistance at $100,000. Breaking this level could push Bitcoin to $110,000, while failing could test the $93,000 support level.

The recent price drop aligns with historical patterns in Bitcoin's market cycles, with analysts suggesting that Bitcoin could peak by October 2025 based on previous cycles. Despite short-term corrections, institutional demand and historical trends indicate long-term growth for Bitcoin. Investors are closely monitoring macroeconomic factors and market indicators for further insights.



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