Bitcoin is heading towards its fourth consecutive week of decline, which will be the longest downward trend since June 2024. The fourth quarter of 2025 is expected to see the worst performance since 2018, with a drop of up to 24.43%. Despite a recent rebound to $87,400, up 6% from the November low, analysts warn that Bitcoin may fall into a 'bull trap' under market pressure. These pressures include digital asset treasury trading prices below net asset value and a drop in the spot Bitcoin ETF. The spot buy-sell spread at a 10% depth has soared to its second-highest level since 2025, indicating buying on dips and a potential bottom formation, similar to the indicators [surge] from March to April that triggered a 64% bull market. A shift in Federal Reserve policy, with a rising likelihood of interest rate cuts in December approaching 70%, could impact Bitcoin's trajectory. However, skepticism remains due to inflation concerns and negative skew in options, with put option prices expiring in December 2025 accumulating between $80,000 and $85,000.

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