Bitcoin Struggles at $90K as Jobless Claims Surge and Whales Cut Holdings
The post Bitcoin Struggles at $90K as Jobless Claims Surge and Whales Cut Holdings appeared on BitcoinEthereumNews.com.
The Bitcoin price faces a bearish turnaround from the resistance trendline of the falling channel pattern BTC briefly dipped to $89,200 after U.S. jobless claims jumped to 236,000, slightly above expectations. BTC’s fear and greed index at 29% accentuates bearish sentiment among market participants. The pioneer cryptocurrency, Bitcoin, witnessed significant volatility on Thursday, wavering around the $92,000 mark. Earlier today, the coin price plunged to an intraday low of $89,262 amid the disappointing numbers of U.S. jobless claims. However, the Bitcoin price rebounded during the late market hours with a long-tail rejection candle, indicating the intact buying pressure. Whether the uptick would develop into a stable recovery would depend on macroeconomic development and on-chain demand. BTC Pullback Tied to Rising U.S. Jobless Claims and Whale Redistribution Bitcoin traded as low as $89,200 during Asian hours on Thursday after the latest U.S. weekly jobless claims printed 236,000—a sharp 44,000 increase from the previous reading and well above consensus estimates. The figure brought new risk-off momentum to digital assets one day after the Federal Reserve made the expected 25 bps reduction on December 10th. The spot price later recovered towards $92,000; however, on-chain data proceeded to mirror heavy stress amongst the latest buyers. Addresses that accumulated BTC over the past several months are now sitting on substantial unrealized losses, with the cohort’s average cost basis materially above current levels. This represents one of the worst short-term holders’ realized profit/loss readings for 2025. In a recent tweet, market analyst Ali Martinez highlighted that the volume of BTC held in wallets containing between 10-100k coins has fallen from approximately 2.265 million on December 1st to 2.227 million on December 10th – a net loss of around 38,000 BTC. The decrease suggests larger holders have either made gains or have redistributed the coins to other…
Filed under: News - @ December 12, 2025 4:23 am