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The Bitcoin price has surged 7% in the last 24 hours to trade at $92,844 as of 5:56 a.m. EST on a 21% increase in daily trading volume to $86.22 billion.
That BTC price surge started soon after Vanguard reversed its long‑standing ban on trading Bitcoin ETFs on its platform, opening the door for millions of conservative, long‑term investors to gain easy exposure to the leading crypto.
Bloomberg ETF analyst Eric Balchunas referred to the move as the “Vanguard Effect,” noting that Bitcoin jumped around 6% immediately after the US market open on the first day Vanguard clients could trade Bitcoin ETFs.
THE VANGUARD EFFECT: Bitcoin jumps 6% right around US open on first day after bitcoin ETF ban lifted. Coincidence? I think not. Also $1b in IBIT volume in first 30min of trading. I knew those Vanguardians had a little degen in them, even some of the most conservative investors… pic.twitter.com/OKyihvEqqD
— Eric Balchunas (@EricBalchunas) December 2, 2025
Balchunas also highlighted that BlackRock’s IBIT spot Bitcoin ETF saw around $1 billion in trading volume within the first 30 minutes of that session.
Bitcoin Price Boosted By ETF Demand
ETF flow data from Farside Investors shows that US spot Bitcoin funds have flipped back into net inflows. This is after a difficult November, when redemptions exceeded $4.3 billion. Recent daily prints show money returning to key products like IBIT and FBTC.
Pushing the running total of net creations higher again and hinting that the worst of the selling pressure may be over for now. Analysts note that even modest positive flows can have an outsized impact on the Bitcoin price. This is because spot ETFs must buy actual Bitcoin in the market, removing supply at a time when new issuance is already limited after earlier halving events.
If the current multi‑day inflow streak continues, especially with Vanguard accounts now able to access these funds, it could act as a steady bid under the market and support any attempts by BTC to reclaim the $100,000 region.
Bitcoin On‑Chain Signals Show Healing
On‑chain data providers shows that the latest market crash drove a large amount of short‑term speculative coins into loss. However, long‑term holders mostly stayed put. This suggests that the selloff was more about leverage and weak hands than a change in long‑term conviction.
Exchange balances have started to tick lower again as well as coins move back into cold storage, which usually signals renewed accumulation rather than ongoing panic selling.
Bitcoin Exchange Reserve (All Exchanges) Source: CryptoQuant
Bitcoin Price Prediction: Key Levels To Watch
The daily chart shows Bitcoin rebounding from a recent low near $80,000, with the price now trading around $92,800 and trying to push back above a descending resistance line that started from the November top.
The 50‑day simple moving average (SMA) sits just above $100,000, while the 200‑day SMA is higher near $110,000, creating a technical zone that bulls need to reclaim to confirm that the broader uptrend is back in full control.
The RSI is recovering from oversold territory toward the mid‑40s to low‑50s area. Meanwhile, the MACD is trying to turn upward from negative values, and the ADX around the high‑30s shows the recent downtrend was strong but may now be losing steam.
BTCUSD Analysis Source: Tradingview
If buyers can push BTC above the downward sloping green resistance channel shown on the chart, the next upside targets sit near $109,500 (around the 200‑day SMA) and then the prior range highs around $126,000, which match the upper green trend line.
On the downside, immediate support is found just below $90,000 along the mid‑channel line, with stronger support closer to $74,000.
A clear break below that lower green support band on the chart would warn that the recent bounce has failed and open the door to a deeper correction before bulls try again.
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