The "Santa Rally" might be on ice, but the underlying data tells a deeper story. We are currently seeing Bitcoin hover around the $87,500 mark, exactly where the "Active Investor" cost basis sits. While retail interest (Google searches) has hit a yearly low, this "boring" price action is actually a massive stress test for the market.

We’re seeing a significant volume shift away from high-leverage memecoins back toward "Dino" coins and established L1s like BNB and SOL. With nearly $1B in ETF outflows this week, the market is shedding "tourist" capital. This thinning liquidity usually precedes a sharp volatility expansion in early January as institutional desks re-open.

Takeaway: Horizontal support at $87k is the current line in the sand; stability here despite low volume is a hidden bullish signal for Q1 2026.

What’s your move for the final week of the year: Accumulating or staying in stables? 👇

$BTC

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