The Federal Reserve's December 11 rate cut should be seen as a deliberate signal rather than a full policy pivot, resembling the cautious stance after the last easing cycle, analysts said, according to The Block. The Fed raised its economic growth outlook while lowering inflation projections but indicated a higher bar for further easing; Coin Bureau co-founder Nick Pakrill said the cut was "not as hawkish as some expected" but noted that strong opposition and guidance for only one cut next year inject uncertainty into risk assets and are "not enough to trigger a Bitcoin Christmas rally." BRN head of research Timothy Misir said the post-cut pullback shows markets "welcome the cut but reject the guidance," adding that institutional demand remains robust, with smart money wallets holding 10 to 10,000 BTC accumulating about 42,565 BTC since December 1, while ongoing retail selling continues to cap upside and raises questions of whether ETF demand can absorb supply before the macro picture clears.

Twenty One Capital increased its Bitcoin position by 441.25 BTC over the past seven days, bringing total holdings to 43,514.12 BTC as of December 11, on-chain data disclosed by CEO Jack Mallers show. In a CNBC interview on December 11, Mallers said Twenty One Capital is not a Bitcoin treasury company but a Bitcoin-native firm backed by Tether and SoftBank, focused on cash flow, growth and Bitcoin accumulation.

Bitcoin fell during Asian trading on Dec. 11 and failed to hold above $94,000 despite net inflows of $224 million into US spot Bitcoin ETFs on Wednesday, Bloomberg reports. Sean McNulty, head of APAC derivatives at FalconX, said the next notable support level is $88,500, with $85,000 marking a critical threshold. He said structural selling pressure is dominating demand.

The Federal Reserve cut rates by 25 basis points to 3.50%-3.75% on Dec. 11, BlockBeats reports. Bitcoin rose to $94,500 following the announcement before falling below $90,000. Donald Trump criticized the cut as too small, saying it should be doubled, and hinted at replacing the Fed chair.

Coinbase's Bitcoin Premium Index remained positive for a ninth consecutive day on Dec. 11, standing at 0.0222%, Coinglass data show. The index tracks the price difference between Bitcoin on Coinbase and the global average market price. BlockBeats reports the metric is regarded as a gauge of U.S. capital flows and institutional participation, with positive readings indicating Coinbase prices above the global average.

Chinese crypto analyst Banmuxia said on Dec. 11 that Bitcoin's early-morning rally lacked sufficient momentum and described the advance from $80,500 as forming a leading wedge, BlockBeats reports. The analyst identified the $89,000–$90,000 area as a relatively strong support zone and noted that market projections for the next month point to an upside target between $103,500 and $112,500. Banmuxia added that the price path toward this range could remain highly volatile.

US Bitcoin Spot Exchange-Traded Funds (ETFs) attracted a substantial $223.5 million in net inflows yesterday, according to Farside data, underscoring strong institutional and retail demand for BTC exposure.

Bitcoin falling below $88,000 would trigger cumulative long liquidations of $489 million across mainstream centralized exchanges, Coinglass data show. Above $92,000, cumulative short liquidation intensity reaches $558 million. The figures represent cluster intensity rather than exact liquidation amounts, according to BlockBeats.

Bitcoin fell below $90,000 on Dec. 11, trading at $89,958, HTX market data show. The cryptocurrency declined 2.79% over 24 hours.