Bitcoin traded mostly flat around $87,000 heading into the final weekend of 2025, as investors remained cautious amid thin liquidity and tax-driven selling. Coinglass data shows 93,477 traders were liquidated in the past 24 hours for $244.46 million. SoSoValue data shows net outflows of $175.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $52.7 million.
Trader Notes: Michael van de Poppe said the key technical level to watch is Bitcoin’s 20-month moving average. A monthly close above it, particularly above $90,000, would likely confirm bullish momentum and set the stage for a stronger start to 2026, with upside targets in the $105,000–$110,000 range. With Bitcoin among the few major assets down on the year, investors who booked gains elsewhere are selling BTC to offset taxes.
That dynamic has increased downside pressure, with $85,200 flagged as a critical support level. Bitcoin’s monthly trend indicator has flipped bullish for the first time since March 2023, suggesting the broader trend may be improving despite near-term volatility.
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