| | Bitcoin may look like a bargain under $100K, but the signals still point to a likely pullback. | ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ | View in browser | | | |  | | December 05, 2025 | | | | Your Daily Digest of the 🔥Hottest News in Crypto | | | | Today's top stories 🚨 BTC's cheap, but risky 📺 Bitcoin's 2 year cycle potential 🎲 Polymarket is betting against you 📰 Keep reading for all of today's biggest headlines | | | | Bitcoin's 'Discount' Trade Comes With a Warning Bitcoin holding near $90K sounds like "discount territory" if you're targeting six figures by 2025, but the data doesn't share that optimism. CryptoQuant's multi-metric risk-off oscillator is hovering near the High-Risk zone around 60, a pocket that has historically preceded corrections and faded bullish momentum. | | | | | | | |  | | If BTC Is on a 2-Year Cycle, Your Halving Charts Are Wrong In this Cointelegraph interview, we sit down with Jeff Park of ProCap BTC to test a simple, but uncomfortable idea: Bitcoin's classic four-year cycle may be breaking down. Park argues that ETF flows, institutional positioning, and a new liquidity backdrop are pulling BTC toward a faster, more reflexive two-year regime. That kind of shift would change how volatility clusters, where long-term price paths get anchored, and how macro shocks into 2026 hit the market. It also means the backtests everyone leans on could be calibrated to a regime that no longer exists. | | | | | | | |  | | [AD] A Web3 project enabling the tokenization of intellectual property rights took the first steps toward launch, with the first framework recently hitting the market. | | | | | |
Polymarket Is Building a Desk to Trade Against You They're building an in-house market maker that could sit directly across from its own users. Polymarket is stealthily assembling an internal market-making team that may trade against flows on its own prediction markets. Word on the street is the firm has approached seasoned traders, including sports bettors, to staff the desk as it ramps its US footprint. An in-house MM can tighten spreads and deepen liquidity, but it also blurs the line between neutral venue and house player.
| | | | | | | | |  | | [Cointelegraph Acceleration] Web3 neobank blends self-custody, stablecoins and DeFi with multicurrency accounts and cards to turn onchain finance into daily money infrastructure. | | | | | ANALYSIS | |  | | Brussels Wants ESMA in Charge of Crypto The EU is quietly centralizing crypto oversight. The European Commission is pushing to hand more power to ESMA over key market infrastructure, including all CASPs. The proposal would shift supervision of major trading venues, CCPs, CSDs, and crypto service providers to the EU-level regulator in the name of "streamlining" rules. | | | | | | | | | —Written by Monica Hutchison | | | | 4.6 million people follow us on social media. You should too. | | | | | | | | | Cointelegraph Consulting Limited | | 20/F, Strand 50, 50 Bonham Strand Sheung Wan, Hong Kong
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