Bitcoin’s value remains steady above $92,000 as long-term investors continue to accumulate coins, and fresh on-chain metrics suggest the market is tightening in anticipation of a potential breakout.
Key Highlights
Bitcoin edges closer to $93,000 driven by accumulation from long-term holders.
Binance data reveals an unusual pattern with record-high withdrawals coupled with weak deposit activity.
Technical indicators point toward decreasing volatility that might precede a significant price movement.
At the time of writing, Bitcoin was priced at approximately $92,534, marking a 2.5% increase over the last day. The weekly trading range spans from about $88,202 up to $94,267. Despite this rebound, Bitcoin still trades roughly 26% below its all-time peak of $126,080 reached in October.
The past 24 hours saw trading volumes dip by 19% to around $46 billion — reflecting subdued market activity following a turbulent week. CoinGlass reports that derivatives volume decreased by 9%, settling near $93 billion; however open interest rose nearly 2% to hit about $59 billion. This combination suggests traders are holding positions and possibly preparing for upcoming moves rather than exiting en masse.
Long-Term Holders Continue Stockpiling BTC
A recent update from CryptoQuant contributor Darkfost highlighted persistent accumulation behavior among certain wallets identified as long-term holders. Between December 1st and December 10th alone, these addresses collectively added approximately 75,000 BTC — including an impressive single-day purchase of around 40,000 BTC between December 9th and December10th.
Currently these wallets control close to 315,000 Bitcoins overall. Excluding miners’ pools and exchange accounts or smart contracts—these entities share traits such as no outgoing transfers for extended periods (over seven years), frequent incoming transactions maintaining minimum balances consistently.
📈 The buying spree from accumulator wallets continues unabated.
Between Decemebr first through tenth more than seventy-five thousand bitcoins were acquired by these specialized addresses.
💣 Notably forty thousand BTC were accumulated within just one day during Dec ninth – tenth.… pic.twitter.com/EncexfMUbw
— Darkfost (@Darkfost_Coc) December 11, 2025
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An additional observation came from CryptoQuant’s CryptoOnchain who pointed out a striking divergence on Binance’s platform: On December third the estimated thirty-day moving average for Bitcoin withdrawals surged past three thousand one hundred transactions—the highest since May2018—while deposits plunged down near three hundred twenty transactions—the lowest since2017.
This discrepancy signals a supply squeeze scenario where coins flow outwards towards personal custody solutions while fewer users deposit BTC back onto exchanges either for selling or profit-taking purposes—a setup historically linked with forthcoming bullish rallies.
Technical Overview of Bitcoin Price Action
Soon after reclaiming levels above ninety thousand dollars,BTC has been oscillating within mid-range Bollinger Bands territory.The candlesticks remain beneath upper bands indicating tentative recovery attempts without full strength yet established among buyers.The twenty-day moving average currently acts as short term support guiding bullish momentum cautiously forward.
