As of December 5, 2025, 17:07, the latest price of Bitcoin is $91,971.48, down 0.67% in the past 24 hours, with a trading volume of $85.391 billion.

Key Market Highlights:

- Short-term trend: The price is fluctuating around $92,000 during the day, currently in a pullback and consolidation phase. Immediate support is at the $90,000 level, with resistance in the $94,000-$95,000 range.
- Market sentiment: The Fear & Greed Index is at 27 (fear zone). The total liquidations across the network in the past 24 hours reached $265 million, with long positions accounting for 66.4% of the liquidations.
- Institutional views: JPMorgan believes Bitcoin's production cost has dropped to $90,000, forming a "soft bottom." Using the gold valuation model, the long-term price could reach $170,000. Traders point out short-term resistance at $105,000–$107,000, and a breakout above $110,000 could push Bitcoin to a new all-time high.

Influencing Factors:

- Macro level: The market is betting on a Fed rate cut in December, boosting risk appetite. However, Bitcoin remains constrained within the low-liquidity range of $85,000–$95,000.
- Regulatory developments: The US SEC's "innovation exemption" plan and Vanguard's approval for crypto ETF trading could open up long-term institutional demand.

Friendly reminder: Cryptocurrency prices are highly volatile. Please invest cautiously and closely monitor key support and resistance levels as well as changes in market sentiment. #成长值抽奖赢iPhone17和周边