{"id":57201,"date":"2025-12-15T11:16:15","date_gmt":"2025-12-15T04:16:15","guid":{"rendered":"https:\/\/hbbgroup.net\/asia-morning-briefing-bitcoin-drifts-near-89k-as-traders-step-back-and-balance-sheets-step-in\/"},"modified":"2025-12-15T11:16:15","modified_gmt":"2025-12-15T04:16:15","slug":"asia-morning-briefing-bitcoin-drifts-near-89k-as-traders-step-back-and-balance-sheets-step-in","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/asia-morning-briefing-bitcoin-drifts-near-89k-as-traders-step-back-and-balance-sheets-step-in\/","title":{"rendered":"Asia Morning Briefing: Bitcoin Drifts Near $89K as Traders Step Back and Balance Sheets Step In"},"content":{"rendered":"
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FlowDesk sees fading post-Fed demand and low leverage, while Glassnode data show digital asset treasuries quietly resuming bitcoin accumulation in a range-bound market. <\/h2>\n

Updated Dec 15, 2025, 2:31\u202fa.m. <\/span>Published Dec 15, 2025, 2:28\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

Bitcoin traded near $89,000 as Hong Kong started another work week after giving back last week\u2019s post-Fed rally<\/a>, with FlowDesk saying in a recent note that demand faded quickly once the 25 bps cut landed and liquidity thinned into year-end.<\/p>\n

BTC and ETH retraced midweek highs while altcoins remained under pressure, reinforcing a market defined by macro caution and a lack of follow-through rather than outright risk aversion.<\/p>\n

That hesitation at the surface contrasts with steadier positioning beneath it. In a Telegram note, FlowDesk said leverage remains low, volatility muted, and capital is shifting toward short-dated yield as counterparties lock in longer-term funding at compressed rates, signaling a focus on balance sheet optimization rather than directional bets.<\/p>\n

Meanwhile, Glassnode observes<\/a> that the range-bound BTC price means digital asset treasury companies are once again buying bitcoin. A pause in DATs making purchases is often cited as a reason why bitcoin remained stagnant throughout the fall.<\/p>\n

For now, that mix of cautious trading and quiet balance sheet accumulation leaves bitcoin stuck in a broad range, with rallies fading but downside also proving limited.<\/p>\n

Until leverage returns or macro conditions force treasury buyers to accelerate, price action is likely to remain subdued even as ownership continues to shift toward longer-term holders.<\/p>\n

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

BTC: <\/strong>Bitcoin hovered near $89,000 after giving back its post-Fed gains, with weak follow-through and low liquidity keeping price action range-bound.<\/p>\n

ETH: <\/strong>Ether showed relative resilience, holding recent gains better than bitcoin as selective demand and lower selling pressure supported prices despite broader market caution.<\/p>\n

Gold: <\/strong>Gold is holding near record highs around $4,300 per ounce as rate cuts, heavy global debt loads, and sustained central bank demand continue to underpin prices heading into year-end.<\/p>\n

Nikkei 225: <\/strong>Asian markets opened lower as investors digested Wall Street\u2019s pullback and adopted a cautious tone toward risk, with attention turning to China\u2019s November activity data and Japan\u2019s Tankan survey, which showed business sentiment among large manufacturers rising to a four-year high.<\/p>\n<\/div>\n

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What to know: <\/p>\n

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