Fed rate-cut bets surge: Can Bitcoin finally break $91K to go higher?

2 hours ago

Bitcoin (BTC) failed to reclaim $93,000 contempt affirmative momentum successful the US banal marketplace and rising golden prices. With the S&P 500 trading conscionable 1% beneath its all-time high, traders are evaluating what could spark sustainable bullish momentum for Bitcoin.

Key takeaways:

Demand for BTC enactment (sell) options and stagnant ETF inflows kept momentum capped contempt easing macroeconomic conditions.
AI-driven tech alleviation has chopped marketplace stress, but BTC spot relies connected holding $90k arsenic investors stake connected liquidity enactment amid softer occupation marketplace data.

Bond marketplace futures information from CME Group shows traders assigning 87% likelihood to an involvement complaint chopped connected Dec. 10, up from 71% the anterior week.

Signs of weakness US the US occupation marketplace prompted investors to expect a much expansionary monetary policy. The US Labor Department noted that continuing claims climbed to 1.96 cardinal successful the week ending Nov. 15.

Meanwhile, the sentiment successful BTC derivatives was not importantly altered by the caller terms weakness, yet request for bullish positioning remains notably cautious.

Bitcoin monthly futures held a 4% premium implicit spot markets connected Saturday, unchanged from the erstwhile week.

Under neutral conditions, this ground typically ranges from 5% to 10% to bespeak carrying costs. The deficiency of appetite for leveraged agelong positions whitethorn bespeak lingering concerns aft Bitcoin’s 18% pullback implicit the past 30 days.

BTC options markets tin assistance measure whether whales and marketplace makers fearfulness further downside. Bearish phases are often marked by accrued request for enactment (sell) options.

Volumes connected enactment options acold exceeded telephone (buy) instruments connected Thursday and Friday, signaling elevated uncertainty. A much neutral marketplace would necessitate put-to-call premium volumes astatine 1.3x oregon below. While inactive good disconnected the 5x highest level favoring downside extortion seen connected Nov. 21, wide sentiment successful Bitcoin derivatives remains cautious.

Part of this hesitation stems from stagnant flows into Bitcoin exchange-traded funds (ETF), which added lone $70 cardinal successful nett assets during the week ending Nov. 28.

Additionally, nary of the companies that usage Bitcoin arsenic a superior reserve plus person expanded their holdings implicit the past 2 weeks, according to CoinGlass data.

Strategy past added Bitcoin connected Nov. 17. More concerningly, holdings attributed to SpaceX moved 1,163 BTC to 2 caller addresses connected Thursday, fueling speculation astir a imaginable sale.

🚨 NEW: SpaceX moves 1,163 $BTC worthy astir $102M to 2 caller addresses, per Nansen data. pic.twitter.com/KnV5qJSeaI

— Cointelegraph (@Cointelegraph) November 27, 2025

It remains unclear whether Elon Musk’s privately held aerospace institution changed custodians, arsenic nary authoritative statements person been issued.

Trump’s tax-cut plans boosted scarce assets

During the US holiday, President Donald Trump reiterated plans to substantially chopped income taxes, citing gross expected from import tariffs.

Investors grew much consenting to instrumentality risks arsenic it became wide that authorities indebtedness would stay nether dense upward pressure, a backdrop typically supportive of scarce assets. Gold gained 3.8% during the week, portion metallic surged to a caller all-time high.

Concerns astir the artificial quality assemblage eased aft Google’s customized TPU spot enabled Gemini to apical benchmarks successful coding, math, subject and multimodal reasoning.

The breakthrough boosted capitalist confidence, arsenic the exertion uses acold little vigor than GPU-based processing. Alphabet (GOOG US) gained 6.8% connected the week, helping trim fears astir Nvidia’s (NVDA US) maturation outlook.

Bitcoin’s way to $100,000 appears increasingly independent of wide macro trends, however, arsenic its correlation with tech stocks continues to fade.

The longer BTC holds supra $90,000, the much assured bulls become, supported by the instrumentality of ETF inflows, little hazard aversion successful BTC derivatives, and the likelihood of liquidity injections from the cardinal bank.

This nonfiction is for wide accusation purposes and is not intended to beryllium and should not beryllium taken arsenic ineligible oregon concern advice. The views, thoughts, and opinions expressed present are the author’s unsocial and bash not needfully bespeak oregon correspond the views and opinions of Cointelegraph.

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