{ "id": 56935, "date": "2025-12-10T09:20:18", "date_gmt": "2025-12-10T02:20:18", "guid": { "rendered": "https:\/\/hbbgroup.net\/bitcoin-holds-near-92k-as-selling-cools-but-demand-still-lags\/" }, "modified": "2025-12-10T09:20:18", "modified_gmt": "2025-12-10T02:20:18", "slug": "bitcoin-holds-near-92k-as-selling-cools-but-demand-still-lags", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/bitcoin-holds-near-92k-as-selling-cools-but-demand-still-lags\/", "title": { "rendered": "Bitcoin Holds Near $92K as Selling Cools, but Demand Still Lags" }, "content": { "rendered": "
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ETF inflows have finally turned positive, but weak on-chain activity, defensive derivatives positioning, and negative spot CVD show a market stabilizing without the conviction needed for a sustained move higher. <\/h2>\n

Dec 10, 2025, 2:12\u202fa.m. <\/span><\/p>\n<\/div>\n

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Good Morning, Asia. Here’s what’s making news in the markets:<\/strong><\/h2>\n

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see<\/em>\u00a0CoinDesk’s Crypto Daybook Americas.<\/em><\/a><\/p>\n

Crypto markets in Asia are opening to a steadier BTC, but the tone is far from bullish. The data shows a market that has stopped bleeding, though not one ready to accelerate. ETF flows, on-chain indicators, and derivatives pricing all point to a holding pattern.<\/p>\n

U.S. ETF flows show the first stabilization in weeks, with a $56.5M inflow on December 9 after more than $1.1B in weekly redemptions throughout November, according to data compiled by SoSoValue<\/a>. Glassnode\u2019s readout<\/a> is that the recovery is real but shallow. Momentum has improved, yet spot CVD — which tracks cumulative buy minus sell pressure — remains deeply negative, derivatives positioning is defensive, and on-chain activity sits near the low end of its range. Short-term holders still dominate supply, which keeps the market sensitive to volatility.<\/p>\n

As Glassnode writes, the mix of signals shows a market that is stabilizing in price but remains structurally weak. The 14-day RSI, a momentum gauge that measures whether an asset is overbought or oversold, has moved back into its midrange, signaling that bitcoin has recovered from the most stretched conditions of last week.<\/p>\n

Futures open interest has slipped, the volatility spread is heavily discounted, and options skew shows traders are still paying for downside protection rather than positioning for upside.<\/p>\n

On-chain activity offers little confirmation of a stronger trend, with active address counts near cycle lows and realized cap growth at only 0.7 percent, a sign of weak capital inflows. The supply mix is similarly fragile because short-term holders continue to dominate.<\/p>\n

Altogether, the data suggests that BTC\u2019s rebound has more to do with the absence of heavy selling than with strong demand.<\/p>\n

Until ETF flows turn consistently positive and on-chain activity strengthens, the market is likely to drift rather than trend. A clearer directional move will require a shift in behavior from both long-term holders and institutional allocators, neither of which is visible yet.<\/p>\n

Market Movement<\/strong><\/h2>\n

BTC:<\/strong> Bitcoin is trading near $92,214 after a sharp U.S. session reversal, a move driven by spot demand rather than leverage and viewed as a sign of seller exhaustion.<\/p>\n

ETH: <\/strong>Ether is hovering around $3,296 after a 6% daily gain, extending its outperformance as short covering and improving sentiment lift large-cap tokens.<\/p>\n

Gold: <\/strong>Gold is trading comfortably above $4,200, supported by improved U.S. labor data and expectations of a Fed rate cut, although momentum remains limited ahead of Wednesday\u2019s policy decision.<\/p>\n

Nikkei 225: <\/strong>Asia-Pacific markets traded mostly higher as investors awaited China\u2019s inflation data and a widely expected 0.25% Fed rate cut, with Japan\u2019s Nikkei 225 up 0.82%.<\/p>\n

Elsewhere in Crypto<\/strong><\/h2>\n