Overview
- Bitcoin has been confined to roughly $85,000–$90,000 with lower highs compressing price action near $88,000.
- Analysts see a volatility expansion likely within one to two weeks as the tight range resolves.
- CryptoQuant data highlighted renewed miner outflows to exchanges, a pattern that has preceded short‑term price weakness.
- Spot bitcoin ETFs logged seven straight trading days of outflows from Dec. 18 to Dec. 29, pointing to soft demand in thin year‑end liquidity.
- Technical watchers cite a daily close above $90,000—or a breakdown through $85,000—as triggers for the next directional move, with $94.5k flagged as a level that could shift the outlook if reclaimed on volume.