Overview
- BTC remains pinned between roughly $85,000 support and repeated $90,000 rejections since mid-December, with intrarange swings intensifying.
- Spot bitcoin ETFs recorded seven straight trading days of net outflows into late December, signaling weak incremental demand during the consolidation.
- On-chain data indicate miner transfers have increased, adding short-term sell pressure that has often preceded local pullbacks in similar setups.
- Short-term holders are largely underwater as their realized price trends lower, keeping rallies vulnerable to distribution and sentiment subdued.
- 2026 research outlooks lean toward a wide range-bound year near $80,000–$140,000, while several analysts anticipate a decisive move in the next couple of weeks.