Bitcoin Jumps Back Above $94,600 as Traders Rush In Again

Bitcoin BTC $92 257 24h volatility: 2.5% Market cap: $1.84 T Vol. 24h: $54.32 B climbed back to $94,600 amid sharp pickup in trading activity in the late hours of Dec. 9. The quick surge above key resistance pushed traders back into the market and resulted in fresh fear of missing out (FOMO).

According to data by Santiment, social platforms such as X, Reddit, and Telegram showed a sharp jump in posts calling for higher prices. At the same time, US spot Bitcoin ETFs saw their largest December inflow so far at $151 million.

At the time of writing, Bitcoin is trading around $92,700, gaining over $50 billion in market cap.

Spot Activity Outpaces Futures

A recent CryptoQuant data comparing spot and futures volume shows that spot volume during the November 2025 bottom was higher than in April bottom. However, futures activity was stronger during April than in November.

According to a CryptoQuant contributor, this pattern suggests that traders in November favoured direct buying rather than speculative futures trades. This means investors are focusing on actual asset holding instead of short term bets.

Market Awaits Fed Rate Decision

Bitcoin’s move above $94,000 arrives as the US Federal Reserve holds its two day FOMC meeting.

In general, rate cuts bring upward moves for Bitcoin, since lower rates tend to weaken the US dollar and increase interest in risk driven markets. The outcome of the new meeting, which started on December 9, will be released on December 10.

Bitcoin Open Interest | Source: CryptoQuant

However, early reactions of these meetings have sometimes been mild. Earlier cuts in September 2025 brought uneven results. In one case, Bitcoin barely moved. In another, the coin hit a four week high then slipped nearly $2,000 soon after, settling into a steady range.

Short bursts of volatility also appeared around the September and October announcements. CryptoQuant analysts caution that a buy the rumor sell the news pattern could appear again.

$100K “Around the Corner”

Crypto analyst Michael van de Poppe dismissed talk of a bear phase with an immediate target of $100,000. He explained that meaningful charts affect price action rather than cycle timing.

The analyst noted that many beta stocks have recovered earlier losses and are pushing upward again, which hints at growing risk appetite. He expects Bitcoin to surge in the coming weeks due to its close link with beta assets. van de Poppe has set a price target of $110,000-$115,000 in the mid-term.

The post Bitcoin Jumps Back Above $94,600 as Traders Rush In Again appeared first on Coinspeaker.