Bitcoin (BTC) slipped below $87,000 on Christmas Day as ETF outflows and thin holiday liquidity pressured prices. XWIN Finance’s Trend Index, published on December 25, placed the market firmly in a “mild downtrend” with a score of 34 out of 100, citing persistent ETF withdrawals and U.S.-session selling as the main drags. Despite the pullback, on-chain metrics point to easing sell pressure and a record build-up of stablecoin capital, leaving traders cautious about the risk of sudden price swings.
Spot Bitcoin ETFs continued to see net withdrawals, with roughly 2,900 BTC, worth some $251 million, leaving funds in the latest session. Ethereum funds followed a similar pattern, remaining net negative on a weekly basis despite a small daily bounce. Diversification flows were visible elsewhere, as Solana products posted steady inflows and XRP-related ETFs added about $8 million in the most recent session.
Bitcoin’s price traded just under $88,000, up about 1% on the day and week, but remained roughly 20% lower over three months. Volatility stayed compressed, with a 24-hour range between $87,000 and $88,000, and weekly swings between $85,000 and just over $90,000. Beneath the weak sentiment, on-chain data paints a more nuanced picture. The Fear and Greed Index remains in Extreme Fear at 24.
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