Bitcoin is trading near $89,000 as the market enters a new week, with traders showing caution following last week's Federal Reserve-induced rally. Despite an initial surge after a 25 basis point rate cut, demand has waned, and liquidity is thinning as the year-end approaches. Both Bitcoin and Ethereum have pulled back from midweek highs, while altcoins continue to face pressure. Glassnode reports that digital asset treasury companies have resumed Bitcoin purchases after a pause during the fall's market stagnation. This cautious trading environment, coupled with quiet balance sheet accumulation, has kept Bitcoin within a broad range, with rallies losing momentum and downside risks remaining limited. The fear and greed index remains neutral, indicating no significant shift in market sentiment.