According to @0xferg, traders should note a 2025 checklist of policy and institutional catalysts that were once unlikely when Bitcoin last traded near $90K, including the GENIUS Act, a strategic reserve, SAB 121 rescinded, a digital assets working group, BlackRock and Stripe coming onchain, crypto allowed in 401(k)s, Treasury permitting ETPs to pass staking rewards to retail, Coinbase launching an ICO platform, and the CLARITY Act inbound, which he frames as key progress this year, source: @0xferg. For market positioning, this list implies potential demand expansion from retirement accounts (401k access), yield enhancement via ETP staking passthrough, deeper institutional adoption from BlackRock and Stripe onchain activity, increased primary issuance via an ICO platform, and regulatory clarity through the GENIUS and CLARITY Acts—factors that could be monitored as liquidity and risk-premium drivers across BTC and broader crypto beta, source: @0xferg. Traders should track headline timing and implementation details for each item to gauge durability of flows and sentiment, as these catalysts—if and as they materialize—tend to compress risk premia and support momentum in BTC-led uptrends, source: @0xferg.

According to @CryptoMichNL, a liquidity-based model estimates Bitcoin’s fair value at USD 165,000 while spot price is around USD 90,000, implying roughly a 45 percent discount to fair value and about 83 percent upside from current levels, source: @CryptoMichNL. He states this is the largest market mispricing in years, comparable only to the COVID-19 crash, the FTX collapse, and the 2018 bottom, source: @CryptoMichNL. For trading context, the source frames BTC as experiencing a historically rare liquidity-driven dislocation with valuation well below model estimates, source: @CryptoMichNL.

According to @CoinMarketCap, Bitcoin (BTC) reclaimed 90k, while the day’s standout performance focus shifted to SPX and Kaspa (KAS). Source: CoinMarketCap on X, Nov 28, 2025. The source adds that traders spent the session debating whether the moves signaled genuine rotation or mere noise, with a full breakdown available in its community post. Source: CoinMarketCap on X, Nov 28, 2025; CoinMarketCap Community post (coinmarketcap.com).

According to @StockMKTNewz, Bitcoin (BTC) moved back above $90,000 on Nov 26, 2025, confirming an intraday reclaim of the $90K handle (source: @StockMKTNewz on X, Nov 26, 2025). For trading decisions, the $90,000 price point serves as the immediate reference level to gauge follow-through or rejection following the reported break above it (source: @StockMKTNewz on X, Nov 26, 2025).