Bitcoin's recent price dip continued as it briefly fell below $93,600 on December 3. Despite this, many market players are eager to buy the dip. After a massive $26,000 rise in November, Bitcoin is taking a breather, consolidating gains and establishing a new trading range. The drop was partly due to a brief martial law declaration in South Korea, impacting liquidity on local exchanges.

Bullish news includes MicroStrategy's $1.5 billion Bitcoin purchase and Marathon's $800 million note offering to buy more BTC. Microsoft shareholders will soon vote on adding Bitcoin to their balance sheet, and rumors of a US strategic Bitcoin reserve are circulating. Spot Bitcoin ETFs are seeing strong inflows, indicating ongoing interest.