On 31 December 2025, Michael Novogratz said crypto‑native companies still rise and fall with Bitcoin, as fees, trading, and staking income compress when prices drop. He added that Galaxy Digital is expanding into data centers and infrastructure to reduce earnings volatility, while he sees scope for a crypto catch‑up into 2026.

CryptoQuant analyst Maartunn reports that the Bitcoin Coinbase Premium Gap has dropped deep into negative territory, reaching one of its lowest readings in 18 months. The metric now shows BTC trading at a $122 discount on Coinbase versus Binance, pointing to weaker US-based demand even as the spot price moves sideways around $88,900. This rare discount suggests American institutional and large traders are exerting more selling or less buying pressure than offshore counterparts.

Bitcoin is trading around $88,300, consolidating in a narrowing symmetrical triangle after a rejection from the $94,000–$95,000 zone. Prenetics Global Limited has stopped its daily Bitcoin purchases but will keep 510 BTC in its treasury while reallocating cash to expand its IM8 health brand. Market indicators show cautious sentiment and low volatility, with a potential breakout above $90,000 watched as a key trigger into early 2026. Meanwhile, the PEPENODE mine-to-earn meme coin presale is nearing its cap with over $2.47 million raised.

Bitcoin is trading back above $89,000 and testing the $90,000 resistance area, while some traders worry that a slide to $74,000 could put Strategy (formerly MicroStrategy) at risk. Bull Theory analysts argue that with 672,497 BTC worth tens of billions of dollars against roughly $8.24 billion of debt and over $2.18 billion in cash, the firm would remain solvent even at that lower price. They instead point to external market rules, higher margin requirements and ongoing share issuance as the main pressures on Strategy’s stock.

Bitcoin entered the final part of 2025 after setting a new all-time high in October but has since dropped enough that the year could end with a negative candle. Analyst CryptoBullet argues that a red yearly close would mark a transition into a bear market rather than signal a breakdown of Bitcoin's four-year cycle. He points to a potential doji yearly candle near the $126,080 peak and expects a brief dead cat bounce and short altcoin rotation in early 2026 before a deeper correction.

Bitcoin fell below $88,000, then rebounded from the $86,700 support and climbed back above $88,000 and the 100‑hour Simple moving average. The BTC/USD pair now faces resistance around $88,500, $88,900 and $89,500, while key supports sit at $87,500, $86,700 and $85,000. A sustained move above $89,500 could open the way to the $90,200–$91,500 zone, whereas failure near $89,000 may trigger another drop.

Bitcoin closed 2025 at $88,242, about 6% lower for the year and roughly 30% below its early October peak near $126,000, amid heavy liquidations and renewed tariff concerns under U.S. President Donald Trump. Analysts project a short-term rebound in early 2026, with Citi Research citing potential $15 billion in ETF inflows and setting 12‑month Bitcoin scenarios between $78,000 and $189,000. Market watchers are also tracking MicroStrategy's balance sheet metrics and reserve fund, as well as long-term holder behavior and the fading impact of Bitcoin's historic four‑year cycle.

Bitcoin is consolidating below $90,000 after a drop from the $100,000–$105,000 area, keeping market sentiment cautious and fueling debate over whether a deeper bear phase could extend into 2026. On-chain analyst Axel Adler notes that the "Supply in Profit" metric has fallen from above 19 million BTC to around 13.5 million BTC, pulling the 30-day average below the 90-day and opening the door to a potential bullish crossover in late February to early March if current conditions hold. The outlook remains highly sensitive to price, with $70,000 identified as a critical downside level and $90,000 acting as key resistance that bulls must reclaim to meaningfully shift the current structure.