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Bitcoin traded mostly flat around $87,000 heading into the final weekend of 2025 as investors remained cautious amid thin liquidity and tax-driven selling.
Notable Statistics:
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Coinglass data shows 93,477 traders were liquidated in the past 24 hours for $244.46 million.
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SoSoValue data shows net outflows of $175.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $52.7 million.
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Notable Developments:
Trader Notes: Michael van de Poppe said the key technical level to watch is Bitcoin’s 20-month moving average.
A monthly close above it, particularly above $90,000, would likely confirm bullish momentum and set the stage for a stronger start to 2026, with upside targets in the $105,000–$110,000 range.
ShardiB2 attributed the stalled Santa rally to tax-loss selling and low holiday liquidity.
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With Bitcoin among the few major assets down on the year, investors who booked gains elsewhere are selling BTC to offset taxes.
That dynamic has increased downside pressure, with $85,200 flagged as a critical support level. A sustained break below it could accelerate losses.
Nebraskangooner added a constructive longer-term note, pointing out that Bitcoin’s monthly trend indicator has flipped bullish for the first time since March 2023, suggesting the broader trend may be improving despite near-term volatility.
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