Flipster Crypto Weekly (December 5)

Market
Flipster Crypto Weekly (December 5)

BTC fights back above $90K as markets coil again

December 5, 2025

BTC chopped through the week, sliding toward $85K on Monday before ripping back toward $92K and settling above $90K into the weekend. Liquidity stayed thin, so every macro headline hit harder than it should have. ETH initially slid toward $2.7K but eventually found its footing around $3K. Bitcoin dominance hovered near 58%, in line with cautious flows and a market still trading moment-to-moment.

Washington drove the early tone. Mid-week optimism around shutdown negotiations lifted risk assets, but momentum faded as talks dragged and doubts resurfaced. Rate expectations shifted with each headline. The bond market pulled back from early dovish pricing. With CPI still ahead, traders spent most of the week fading overreactions rather than building conviction.

Across the ecosystem, headline flow stayed active:

  • Fidelity moved $400M into spot BTC ETFs, leading all issuers for the week.

  • CME BTC open interest crossed 30% of global futures OI, reinforcing institutional share of the tape.

  • Flowdesk raised $50M to expand market-making infrastructure for tokens and exchanges.

  • Curve passed $13B TVL, driven by stablecoin inflows and renewed demand for base-layer yield.

  • EigenLayer’s ETH restaking pool hit $14.7B as new operators ramped capacity.

  • Blast recorded $105M in weekly inflows, maintaining its lead among L2 yield platform

  • Bitwise filed for a Solana Trust, aiming to capture institutional interest around the network’s throughput growth.

  • BTC miner revenue reached a five-month high, helped by fees tied to inscription demand.

Market Outlook

BTC is back above $90K, but the structure underneath is light. Liquidity remains thin, sentiment is split, and positioning turns quickly. CPI is the next event with enough size to move the range. A clean number extends the recovery. A messy one forces books to unwind. Until depth rebuilds, markets stay coiled and breakouts travel fast.

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