Bitcoin is trading around $87,299 and Ethereum about $2,926, while most altcoins such as BNB, XRP, and Solana have remained little changed. Market sentiment has been muted with no clear catalysts driving a sustained move. Net outflows have totaled about $716 million since December 8, and on December 26 roughly $23 billion of Bitcoin and Ethereum options expired, dampening activity. Analysts note that option expiry can cap upside momentum and restrain pre-expiry market moves.
The broader market has shown limited reaction. Bitcoin remains in a tight $87k-$88k range, with no decisive breakout evident. Ethereum has edged higher slightly, while Solana and Ripple have dipped modestly.
Mining difficulty has stabilized after a brief decline, with Forklog noting that miners are enduring without capitulation and the network remains resilient. The fear-and-greed index sits at 20, signaling Extreme Fear as investors grow cautious. Bloomberg cautions that a rebound in 2026 remains uncertain. Taken together, the market appears to be treading water as traders digest expiry pauses and fund outflows while miners and the network hold steady.
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