Bitcoin Price Analysis: BTC Closing 2025 In Consolidation Mode. Can Things Change In 2026?
Bitcoin (BTC) and the broader cryptocurrency market are set to end 2025 on a relatively quiet note. The flagship cryptocurrency registered a notable increase on Tuesday to reclaim $88,000 and move to $88,397.
Markets are expected to remain in consolidation mode rather than witnessing staggering rallies or dramatic declines. BTC is up over 1% in the past 24 hours, trading around $88,471.
Price action has remained in a well-defined range, while investor sentiment has been cautious despite Michael Saylor’s Strategy announcing its latest Bitcoin purchase.
Bitcoin Holders Selling At A Loss
Bitcoin (BTC) has shown limited strength in recent sessions as markets end 2025 on a quiet note. Seasonal holidays have led to limited participation from traders, resulting in a decline in trading volumes across major exchanges. As a result, Bitcoin and the broader cryptocurrency market are experiencing the quietest week since Christmas last year. The price action indicates that investors are managing expectations and not taking up any aggressive positions amid near-term uncertainty.
However, on-chain data shows persistent selling pressure around $90,000. The realized loss volume, adjusted to exclude internal transfers, sits at $300 million per day, indicating ongoing capitulation among market participants.
Bitcoin (BTC) Was Calmer In 2025
The Bitcoin market was significantly calmer in 2025 as institutions turned to derivatives tied to the flagship cryptocurrency to generate extra cash from their holdings. BTC’s calmer avatar can be gauged by the consistent decline in its annualized 30-day implied volatility, measured by Volmex’s BVIV and Deribit’s DVOL indexes. The indices began the year around 70% and are ending the year at 45% after hitting a low of 35% in September. The downward trend is largely due to institutions selling call options on top of their spot market holdings to generate yield.
Imran Lakha, founder of Options Insights, stated in a post on X,
We [definitely] saw a structural decline in BTC implied vol as more institutional money came in and was happy to harvest yield by selling upside calls.
Institutions have been cashing in by selling out-of-the-money calls, which are higher-striking bullish bets that require BTC to post a substantial rally and pocketing the premium received upfront as an easy yield. This has created a steady supply of options, driving implied volatility lower. Jake Ostrovskis, head of the over-the-counter desk at Wintermute, stated in a note,
More than 12.5% of all mined Bitcoin now sits in ETFs + treasuries. Since these holdings generate no native yield, [call] overwriting emerged as the dominant flow throughout 2025, driving steady pressure on IV from the supply side.
Metaplanet Makes Significant Bitcoin Buy
Metaplanet has completed the acquisition of 4,279 BTC at a total cost of $451 million, taking its total Bitcoin holdings to 35,102 BTC. The latest acquisition brings the total value of its Bitcoin holdings to over $3 billion. The latest purchase was made at an average price of ¥16.33 million per Bitcoin, bringing the company’s cumulative cost basis to ¥559.73 billion, or an average of ¥15.95 million per coin.
The acquisition completes a quarter in which Metaplanet accumulated Bitcoin through a series of direct market purchases and Bitcoin option-related activities. The company stated that the strategy aligns with its plan to treat Bitcoin as a core treasury asset rather than a short-term trade.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) is currently trading around the $88,300 mark, trading between $86,000 and $90,000. Market sentiment remains cautious, with the crypto Fear & Greed Index still in “fear” territory. Analysts believe the current market sentiment indicates caution, not capitulation. However, corporate accumulation reinforces long-term conviction in Bitcoin. Metaplanet recently announced a 4,279 BTC purchase worth $451 million, taking its total stash past 35,000 BTC.
According to BTC’s four-hour chart, the flagship cryptocurrency is stuck in a triangle that began forming in early December. Prices have bounced off the top and bottom of the triangle, remaining between $86,000 and $90,000. Short-term momentum is flat, while the RSI is sitting in the middle, indicating market indecision. If BTC can break above $90,000, it could retest the $94,600 mark. A move beyond this level could see the price push towards $100,000. However, if the $86,000 support is breached, BTC could tumble towards $80,000.
BTC has remained between $86,000 and $90,000 over the past two weeks. It ended the previous weekend at $88,639, registering a marginal increase. The price reached an intraday high of $90,541 on Monday but lost momentum and settled at $88,556. Selling pressure intensified on Tuesday as BTC fell 1.27% to $87,429. Despite the selling pressure, the price recovered on Wednesday, rising 0.21% to $87,609. However, selling pressure returned on Thursday as BTC fell 0.50% to $87,171.
Source: TradingView
BTC reached an intraday high of $89,496 on Friday but failed to sustain momentum and settled at $87,296. Price action remained positive over the weekend, with BTC rising 0.59% on Saturday and 0.08% on Sunday to $87,877. The price reached an intraday high of $90,325 on Monday. However, selling pressure forced BTC to retreat below $90,000 and settle at $87,110. The price recovered on Tuesday, rising 1.48% to $88,397. BTC is marginally up during the ongoing session, trading around $88,594.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.