Bitcoin Rally Fizzles, Analysts See Sideways Range
Update: 2025-12-22
Description
Bitcoins recent surge to $90,353 may not last, as on-chain data suggests its driven by speculative futures trading rather than real investor demand. Open interest and cumulative volume delta for perpetual futures have risen since December 18th, while spot cumulative volume delta has dropped. U.S. spot Bitcoin ETFs have seen net outflows, and the Coinbase premium turned negative, indicating weak U.S. investor interest. However, corporate balance sheets saw a 72% jump in digital asset trusts last week, with buys of Bitcoin, XRP, and Ethereum. Analysts predict a consolidation in a sideways range between $85,000 and $95,000, with Ethereum expected to stay between $2,800 and $3,200 through the holidays.
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