In accordance with BitJie, Bitcoin has fallen for four consecutive weeks, marking the longest downward trend since June 2024. The world's largest digital asset is on track for its worst quarterly performance since 2018, with a 24.43% decline. Despite a weekend rebound, Derive's research director Sean Dawson expressed caution, noting that most digital asset funds trade below net asset value. A key on-chain indicator, the 10% depth spot bid-ask spread, has surged to the second-highest level of 2025, suggesting increased buying interest. However, Dawson warned of a potential 'bull trap' and expects continued pressure through 2025, with a possible short-term dip to the mid-70,000 USD range before a potential recovery to 90,000 USD by year-end. The Federal Reserve's policy decisions, including the end of quantitative tightening on December 1 and the rate decision on December 10, may play a key role in shaping Bitcoin's near-term trajectory.
Bitcoin's Four-Week Decline Sparks Concern Despite Weekend Recovery
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