PANews reported on December 1st that Matrixport stated Bitcoin's price encountered resistance again at the key $92,000 level, with upward momentum slowing. Despite market expectations that the Federal Reserve may initiate an interest rate cut next week, related ETFs saw only minor net inflows, indicating overall weak liquidity and making it difficult to support the assessment of a significant return of institutional funds.
Meanwhile, signals of tightening monetary policy in Japan exacerbated market anxiety, with the yield on 2-year Japanese government bonds breaking through 1% for the first time since 2008. Investors began to reassess the consistency among major central banks worldwide in their pace of easing.
Against this backdrop, even with dovish signals from the Federal Reserve, it is difficult to offset tightening expectations in other economies. The overall policy stance remains tight, providing institutional investors with a reason to reduce their Bitcoin exposure.


