Bitcoin’s Supply Squeeze: How Dwindling Exchange Inflows Signal a Bullish Breakout Toward $100,000

As of December 19, 2025, Bitcoin is demonstrating a remarkable resurgence, climbing to a one-month high near $94,000. This rally is underpinned by a fundamental shift in market dynamics: a dramatic reduction in selling pressure. Analysis reveals that inflows to centralized exchanges—a key indicator of intent to sell—have plummeted from 88,000 BTC to just 21,000 BTC over a three-week period since late November. This sharp decline suggests that large holders, often referred to as 'whales,' are no longer in a hurry to offload their holdings. The easing sell-side pressure, combined with sustained buying interest, is creating a classic supply squeeze. With fewer coins readily available for sale on exchanges, even moderate demand can exert significant upward pressure on the price. This technical setup, emerging from a period of consolidation, points toward a strong bullish impulse. Market sentiment is shifting from caution to accumulation, setting the stage for a potential test of the psychologically significant $100,000 resistance level in the near term. The current price action is not merely a speculative bounce but appears to be a structurally sound move fueled by changing holder behavior and a tightening supply landscape.

Bitcoin Gains Steam as Selling Pressure Eases and Exchange Inflows Fall

Bitcoin has climbed to a one-month high NEAR $94,000, buoyed by dwindling exchange inflows and reduced selling pressure from large holders. The cryptocurrency’s steady ascent since November 21 reflects a broader market shift—exchange deposits have plunged from 88,000 BTC to 21,000 BTC over three weeks, signaling waning urgency among investors to offload holdings.

This tapering sell-side activity creates conditions for potential stability. With fewer coins flooding exchanges, bitcoin could test resistance levels approaching $102,000. The retreat in whale distribution and exchange-bound transfers suggests accumulating confidence rather than panic liquidation—a dynamic that often precedes sustained rallies.

Bitcoin Stalls Near $95K as Fed Warning Dampens Post-Cut Rally

Bitcoin's ascent toward $95,000 faltered after Federal Reserve Chair Jerome Powell tempered expectations of aggressive 2026 easing. The cryptocurrency retreated to $92,000 following the Fed's quarter-point rate cut to 4.25%-4.50%, as Powell emphasized a 'plausible range of neutral' policy and data-dependent patience.

On-chain metrics reveal structural fragility. Glassnode reports BTC trading between Short-Term Holder Cost Basis ($102,700) and True Market Mean ($81,300), with unrealized losses expanding to levels last seen during the FTX collapse. Long-term investor sell pressure persists, limiting upside despite macro tailwinds.

'The market got what it expected from the Fed, but not what it wanted,' said one trader. Bitcoin's inability to capitalize on the rate cut underscores weakening internal momentum—a trend confirmed by accelerating realized losses and stagnant network demand.

Strategy Challenges MSCI's Exclusion of Crypto-Treasury Firms from Major Indexes

Michael Saylor's MicroStrategy is pushing back against MSCI's proposal to exclude companies with significant crypto holdings from major stock indexes. The firm, which holds the world's largest corporate Bitcoin treasury, argues the move misrepresents how digital-asset treasuries operate and could distort index standards during a sensitive period for Bitcoin markets.

MSCI contends that inconsistent valuation methods and Bitcoin's volatility may compromise index accuracy. The timing is critical—Bitcoin remains well below its all-time high, and Federal Reserve research highlights concerns about crypto market stress transmission. MicroStrategy's slowed BTC accumulation and hints of potential sales add pressure as MSCI's policy approaches its January implementation.

Bitcoin Activity Surges as SpaceX Moves $94 Million Before 2026 IPO

SpaceX has transferred over $94 million in Bitcoin across two wallets, marking a significant uptick in activity ahead of its anticipated 2026 IPO. The company moved 1,021 BTC in two transactions, valued at approximately $94.3 million at current prices.

After three years of dormancy, SpaceX has been actively shifting around $100 million in Bitcoin weekly for the past two months. The company now holds 8,285 BTC, worth roughly $770 million, positioning it as the fourth-largest publicly traded Bitcoin holder if listed.

Blockchain analytics firm Arkham Intelligence reported the transactions, noting that $37.66 million was sent to a new address while $56.82 million was change. This surge in activity underscores growing institutional engagement with cryptocurrency.

GameStop Stock Slumps as Bitcoin Holdings Depreciate

GameStop's aggressive bet on Bitcoin has backfired, with the company reporting a $9.2 million loss on its 4,710 BTC holdings during Q3 2024. The video game retailer's stock fell 5.8% following the disclosure, dipping below $24 per share as investors reacted to the cryptocurrency's decline.

The company acquired its Bitcoin position between May and June 2024, spending $512 million from a $1.3 billion bond issuance. While the holdings still show a $19.4 million paper gain as of November 1st, the downward trajectory has prompted GameStop to consider liquidating portions of its digital asset treasury.

Corporate Bitcoin strategies face mounting pressure as the crypto winter persists. GameStop's predicament highlights the volatility risks inherent in mainstream adoption of digital assets by traditional businesses.

Bitcoin Q4 2025: Corporate Adoption Slows While Institutional Accumulation Continues

Bitcoin's corporate treasury adoption shows signs of deceleration in Q4 2025, with only nine new companies adding BTC to balance sheets—a sharp decline from fifty-three in the previous quarter. Metaplanet and others have paused their accumulation strategies, signaling cautious sentiment among some market participants.

Despite this slowdown, institutional holdings remain formidable. Approximately 117 corporations now collectively hold 1 million BTC, while Bitcoin ETFs command an additional 1.49 million BTC. The divergence between corporate hesitation and institutional accumulation suggests a maturation of Bitcoin's role in global finance—where strategic players consolidate positions while peripheral actors retreat.