BlockBeats News, December 3rd, the crypto market saw broad gains, with BTC briefly breaking above $93,000 before giving back the move—forming what appears to be a potential “false breakout” pattern. The short-term structure has shifted toward a choppy pullback, with market focus now on whether BTC can hold the 90,000–91,000 support zone. On the upside, $93,200 has emerged as the new resistance band.
ETF flows show clear divergence: BTC saw +$58.5M in inflows yesterday, while ETH recorded –$9.9M, indicating fresh capital remains concentrated in Bitcoin while Ether continues to face mild outflows.
On the macro front, Trump is tightening his influence over the Federal Reserve’s leadership and signaled he will announce a new chair early next year. He has repeatedly hinted that known dove Kevin Hassett is his “preferred choice.” Markets are quickly repricing toward a more accommodative Fed path if Hassett takes the seat—though this would collide with still-elevated inflation and a labor market that has not fully cooled, increasing policy instability for 2025–2026. The U.S. rate curve may enter another phase of jump-like volatility.
Geopolitically, Trump issued a stronger stance, saying the Pentagon will “soon” launch ground operations against drug cartels in Venezuela and possibly neighboring countries, including Colombia. Markets worry an expanded U.S. military footprint could trigger another bout of risk-off volatility across global assets.
Bitunix Analyst View:
With macro leadership uncertainty, geopolitical tension, and ETF flow divergence all occurring simultaneously, the crypto market’s short-term structure will depend heavily on clean technical signals. If BTC can firmly hold the 90,000–91,000 support zone, the structure may re-aim toward the 93,200 liquidation region; failure to stabilize could lead to deeper retracements. Investors should continue focusing on capital flows, volatility expansion, and the pace of policy repricing to judge whether any breakout has real continuation potential.
