Bitcoin Rejected at $90,000 as Ethereum Tests $3,000 in Year-End Lull

Overview

• Bitcoin failed another breakout near $90,000 and slipped toward $87,000, with analysts warning of a move toward $80,000 if key supports give way.
• On-chain data show realized losses have dropped about 80% from November peaks, signaling seller exhaustion even as price action remains range-bound.
• Galaxy Digital transferred roughly 447 BTC to Bybit and Bitstamp, with an additional 200 BTC flagged later, stoking concerns about short-term sell-side supply.
• Ethereum briefly reclaimed $3,000 on Dec. 29 before rolling over, as multiple analyses highlight bearish structures and stress the $2,800–$2,900 support zone.
• U.S. spot Ethereum ETFs recorded continued outflows—single-day withdrawals above $38 million and a $32 million weekly net outflow—contrasted by whale accumulation of nearly 300,000 ETH and new institutional staking that reduces liquid supply.