Bitcoin climbed back above $94,000 on December 10, with HTX market data showing the price reaching $94,030. The cryptocurrency recorded a 24-hour increase of 4.05% over the same period, according to HTX.

Coinglass data cited by BlockBeats on December 9 show that if Bitcoin breaks above $94,000, the aggregate liquidation intensity of short positions on major centralized exchanges could reach $578 million. If Bitcoin instead falls below $90,000, the combined liquidation intensity for long positions on these platforms could be $458 million. BlockBeats noted that the liquidation chart does not display the exact number or precise value of contracts to be liquidated, and that each "liquidation bar" reflects the relative importance or intensity of a liquidation cluster compared with nearby clusters. Higher bars on this chart suggest that once price touches those levels, the resulting liquidity waves are likely to produce a stronger market reaction, according to BlockBeats.

Bitcoin climbed back above $92,000 on December 9, trading at $92,129, HTX market data show. The 24-hour price increase for Bitcoin reached 2.57%.

PNC Financial Services Group Inc. began allowing high-net-worth clients to trade Bitcoin via investment accounts on Dec 9, Bloomberg reported. The move follows a July tie-up with Coinbase Global Inc., with Coinbase providing brokerage and tech integration to enable trading in any amount, Brett Tejpaul said.

Standard Chartered lowered its Bitcoin price target for end-2025 to $100,000 from $200,000 on December 9, Decrypt reported. The bank kept its long-term target at $500,000 but pushed the timeline back to 2030 from 2028 after reassessing demand and anticipating slower institutional ETF adoption, Geoffrey Kendrick said.

Singapore Exchange has logged $250 million in cumulative volume on its Bitcoin and Ethereum perpetual futures since launch two weeks ago, CoinDesk reported. SGX president Michael Syn said the contracts are attracting fresh liquidity rather than capital moving from other venues. Institutional investors are primarily using these regulated contracts for spot-futures arbitrage instead of taking outright long positions.

On-chain analyst Murphy said on December 9 that Bitcoin balances on centralized trading platforms have fallen to 2.936M BTC, a new low for the current cycle, with more BTC being moved on-chain for reserve rather than deposited for selling, BlockBeats reported. The previous time exchange balances were at a similar level was on December 17, 2022, after the FTX collapse, while Binance's BTC balance has shown a clear short-term price correlation, with four rapid increases since early 2024 coinciding with BTC price weakness and the recent continuous decline viewed as creating preconditions for a rebound. On-chain data cited by Murphy show that whale cohorts holding more than $1M and $10M in BTC are mainly withdrawing to on-chain addresses, whereas smaller holders with less than $100,000 tend to send BTC to exchanges. The analyst believes the rebound in BTC since the $80,000 low has not yet concluded.

A large BTC options block trade on Deribit on December 9 saw a user buy $90,000 strike put options expiring at the end of January and sell $90,000 strike put options expiring at the end of February, with both legs sized at 375 BTC, according to data shared by a Deribit official. The Deribit representative said the structure reflects a view that Bitcoin could weaken into late January but recover to levels above $90,000 in February. The representative added that some users are positioning for downside in January due to the risk of being removed from the Strategy index at the start of the month, while still maintaining a clearly constructive outlook on the market from February onward.