BlockBeats news, on December 23, Bitcoin recently rebounded to nearly $90,000, bringing a short-term boost to the crypto market. However, analysts generally believe that this trend is still insufficient to constitute a trend reversal. CoinGlass data shows that Bitcoin's cumulative decline in the fourth quarter of this year has exceeded 22%, potentially making it one of the worst-performing fourth quarters since 2018, second only to major bear market years.
Despite the total market capitalization of cryptocurrencies regaining the key psychological level of $3 trillion, market sentiment remains cautious. Analysis indicates that this round of rebound is more due to technical recovery after a prolonged decline, rather than new capital entering the market. FxPro Chief Market Analyst Alex Kuptsikevich stated that the current trend "is not a real recovery," and market sentiment has only seen limited improvement.
As of the Asian session, Bitcoin is hovering around $88,000, still about 30% lower than the 2025 peak and below the beginning of the year level. Major tokens overall maintain a range, with XRP, ETH, SOL, ADA, and DOGE slightly up, while AAVE continues to weaken due to governance disputes, with a 24-hour decline of about 7%.
Seasonal factors have also reinforced cautious expectations. Historical data shows that although the fourth quarter is typically a strong period for Bitcoin, years with tightening liquidity and increased macro uncertainty can also see significant pullbacks at the end of the year. The current market frequently shows retracement trends during U.S. trading hours, and short-term price volatility risks remain high.
