Bitcoin climbed back above USD 90,000, marking a 7-day gain of more than five percent. Market sentiment suggests growing confidence that the price could continue to strengthen toward the end of the year. The next Federal Reserve decision will offer a clearer view of what lies ahead for bitcoin.

Whales return to accumulation

Large bitcoin holders — so-called whales — have resumed buying after months of distribution, signaling renewed confidence at key support levels. Whales are investors holding more than 10,000 BTC.

Throughout 2025, especially since August, whales and early Bitcoin adopters were heavy net sellers, capitalizing on price levels above USD 100,000. Now, however, market dynamics are shifting.

After a 35% correction from October’s highs, bitcoin appears to have found a bottom near USD 80,000. Over the past week, the trend flipped from distribution to accumulation. Glassnode’s Accumulation Trend Score shows that entities with 10,000 BTC or more shifted to net accumulation during the last week.

These large holders now record a trend score of 0.8, indicating strong buying activity. Holders with 1,000–10,000 BTC also turned positive for the first time since September. Meanwhile, the 100–1,000 BTC group has been accumulating aggressively since October. Retail addresses with less than 1 BTC now show their strongest accumulation since July.

Markets look toward the December FOMC meeting

Data suggests the market sees strong value around USD 80,000, which may explain the recent swift rally. Some analysts believe the bitcoin market reached some of the most oversold levels in history — another potential signal of a significant rebound ahead.

A key moment comes in early December, when the Federal Open Market Committee (FOMC) meets for its final session of the year, scheduled for December 9–10. FOMC, the monetary policy body of the Federal Reserve, makes decisions on interest rates that directly influence investor behavior.

Interest-rate changes shape the appetite for crypto exposure. A rate hike is seen as monetary tightening and a possible brake on economic growth. A rate cut is interpreted as supportive of growth and risk-taking.

Ultimately, expectations versus reality matter the most. A positive surprise could send bitcoin rallying strongly. If expectations match outcomes, little may happen. For now, the probability of a rebound appears relatively high.

Sources:

https://www.coindesk.com/markets/2025/11/27/bitcoin-whales-return-to-buying-for-the-first-time-since-august-as-price-recovers-above-usd90k

https://www.investing.com/analysis/bitcoin-the-fed-broke-the-rally-but-not-for-long-200670882

https://finance.yahoo.com/news/bitcoin-hits-most-oversold-levels-182143561.html

https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm