Several market analysts view Bitcoin's recent decline as a temporary pullback rather than a trend reversal, with multiple forecasts pointing to a potential rally in the coming weeks. Fundstrat's Tom Lee expects Bitcoin could surpass its prior peak near $125,000 as early as January, while others cite macroeconomic policy shifts as key drivers. Rising speculation over Federal Reserve leadership change and historical policy patterns add to bullish sentiment for early 2025.

Bitcoin traded around $86,000 during Asian hours following a significant cryptocurrency selloff and global bond market pressure. The largest digital asset by market capitalization remains approximately 30% below its October peak. Market participants exercised caution amid shifting monetary policy expectations in Japan and ongoing stress in credit markets.

Strategy CEO Phong Le disclosed that the company could sell Bitcoin if its stock price falls below the net asset value of its cryptocurrency holdings and it cannot secure capital for preferred dividends. Bitcoin dropped below $85,000 amid the speculation. The firm revised its year-end BTC price forecast from $150,000 to a range of $85,000–$110,000.

Strategy Executive Chairman Michael Saylor posted a weekend message referencing the firm's average cost basis of $74,400 per BTC for its 649,000 Bitcoin holdings. The signal has sparked varied interpretations among analysts regarding potential next moves. MSTR's market-to-net-asset-value ratio has fallen below 1, according to market data.

Vanguard, which manages $11 trillion in assets, will allow its approximately 50 million clients to trade cryptocurrency ETFs and mutual funds on its brokerage platform starting Tuesday, Bloomberg reported. The firm will provide access to regulated crypto products that meet U.S. compliance standards. Products linked to memecoins or lacking explicit SEC support will remain restricted.

Bitcoin mining profitability declined for the fourth consecutive month in November, with average daily block reward gross profit falling 26% month-over-month, JPMorgan analysts reported. Network hashrate retreated 1% to 1,074 exahashes per second after reaching an all-time high in October. The fourteen U.S.-listed miners tracked by the bank saw their combined market capitalization drop 16% to $59 billion.

The cryptocurrency market lost $160 billion in value as Bitcoin dropped 4.3% to $86,000, triggering $637 million in liquidations with long positions accounting for 90% of the total. Data show MicroStrategy's market-to-net-asset value fell to 0.97× on November 22, with investors effectively paying less than $1 for each $1 of Bitcoin held by the company.

Placeholder VC's Chris Burniske has identified a long-term opportunity in Bitcoin but cautions that accumulation may require a deeper pullback toward the 200-week simple moving average around $56,000. He states current pessimism creates favorable risk-reward for high-conviction positions, though aggressive deployment remains premature. Burniske views the ongoing repricing across crypto markets as necessary rather than destructive.