News

On Dec 14, 2025, 11:45 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 89,000 USDT and is now trading at 88,798.453125 USDT, with a narrowed 1.71% decrease in 24 hours.

According to PANews, monitoring by Lookonchain reveals that the entity known as 'pension-usdt.eth' has shifted its strategy from bullish to bearish. The entity has opened a leveraged short position on 1,000 BTC, valued at $89.6 million. This move follows a series of seven consecutive profitable trades, with total earnings exceeding $22 million.

According to BlockBeats, Markus Thielen, Head of Research at 10x Research, has indicated that while Bitcoin's four-year cycle persists, its primary drivers have shifted from halving events to political factors, liquidity conditions, and election cycles. Bitcoin reached historical peaks in 2013, 2017, and 2021. However, this year, despite the Federal Reserve's recent interest rate cuts, Bitcoin has not regained its strong upward momentum. This is attributed to institutional investors becoming the dominant force in the crypto market, exercising more caution in their decision-making. With the Federal Reserve's policy signals remaining uncertain and overall liquidity tightening, the pace of capital entering the market has noticeably slowed, weakening the momentum needed for sustained price breakthroughs. Until there is a significant improvement in liquidity, Bitcoin is more likely to experience range-bound fluctuations and sideways consolidation rather than quickly entering a new parabolic upward trend.

On Dec 14, 2025, 10:11 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 90,000 USDT and is now trading at 89,969.140625 USDT, with a narrowed 0.51% decrease in 24 hours.

According to BlockBeats, Glassnode co-founder Negentropic stated that the market is not fearful of tightening measures such as interest rate hikes, but rather the uncertainty surrounding them. The normalization of the Bank of Japan's policies provides a clear expectation for the global financing environment, despite short-term leverage pressures. Negentropic noted that yen arbitrage trading has significantly contracted, suggesting that volatility presents opportunities. Bitcoin often strengthens after policy pressures are released, rather than beforehand. The reduction in chaos and enhancement of signals appear to be preparing for asymmetric upside risks.

According to BlockBeats, predictions on Polymarket indicate a 25% probability of Bitcoin reaching $100,000 again this year. Additionally, there is a 4% chance of it climbing to $110,000, while the likelihood of it falling below $80,000 stands at 22%.

According to ChainCatcher, on-chain data analyst Murphy has reported that Bitcoin options with a nominal value of approximately $23.8 billion are set to expire on December 26. This includes quarterly options, annual options, and a significant number of structured products. The expiration is expected to lead to a 'concentrated clearing and repricing of risk exposure' in the BTC derivatives market at the end of the year. While prices may be structurally constrained before expiration, uncertainty is likely to increase afterward.Data indicates that there is a substantial accumulation of open interest (OI) near the current BTC spot price at two key positions: a put option at $85,000 with 14,674 BTC and a call option at $100,000 with 18,116 BTC. This activity is not typical of retail investors but rather large-scale, long-term funds, likely including ETF hedging positions, BTC treasury companies, and large family offices that hold significant amounts of BTC.The put option at the $85,000 strike price reflects a strong demand for downside risk hedging at this level, with buyers taking the initiative. Similarly, the large accumulation of call OI at the $100,000 strike price does not necessarily indicate market optimism but rather shows that long-term funds are willing to forgo potential upside beyond this level in exchange for current cash flow and controlled risk.By purchasing lower puts and selling higher calls, BTC's return distribution is compressed into a manageable range. With OI already highly developed, this options corridor between $85,000 and $100,000 is expected to exert a structural influence on BTC prices, creating 'implicit suppression above, passive buffering below, and fluctuating within the middle range' before December 26.

According to ChainCatcher, Brazil's largest asset management firm, Itaú Asset Management, has advised investors to allocate 3% of their funds into Bitcoin. This recommendation is aimed at hedging against foreign exchange and market shock risks, as Bitcoin's low correlation with traditional local assets makes it a valuable diversification tool.Itaú emphasizes that timing the market is unnecessary and advocates for a disciplined, long-term investment strategy. This suggestion aligns with the Bitcoin allocation percentages recommended by other major asset management companies. Earlier this month, Bank of America approved wealth advisors to recommend a maximum Bitcoin allocation of 4%, while BlackRock suggested a 2% allocation.

According to ChainCatcher, market analyst Jeff Park has highlighted that long-term Bitcoin investors, often referred to as 'whales' or 'OGs,' are exerting downward pressure on Bitcoin's spot price by selling covered call options. This strategy introduces significant selling pressure.Market makers, in response, are compelled to sell spot Bitcoin to hedge their exposure from purchasing call options, which leads to a decrease in market prices. This occurs despite strong demand from traditional ETF investors.Selling call options grants the buyer the right, but not the obligation, to purchase an asset at a predetermined price in the future, while the seller earns a premium for the option.

According to ChainCatcher, data from Coinglass indicates that if Bitcoin surpasses $94,229, the cumulative liquidation intensity of short positions on major centralized exchanges will reach $828 million. Conversely, if Bitcoin falls below $86,317, the cumulative liquidation intensity of long positions on these exchanges will also reach $828 million.

On Dec 13, 2025, 14:30 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 90,000 USDT and is now trading at 89,983.5625 USDT, with a narrowed 2.24% decrease in 24 hours.

According to PANews, Strategy, a Bitcoin treasury company, will continue to be part of the Nasdaq 100 Index for another year. Market observers suggest that Strategy's business model of buying and holding Bitcoin, which has inspired numerous imitators, resembles that of an investment fund.

According to Cointelegraph public and private companies have significantly increased their Bitcoin holdings since January 2023. The number of BTC held by these entities has risen from 197,000 to 1.08 million.

According to ChainCatcher, an analysis by Glassnode reveals the distribution of Bitcoin holdings among major institutional types. Public companies hold approximately 1.07 million Bitcoins, government agencies possess around 620,000 Bitcoins, U.S. spot ETFs have about 1.31 million Bitcoins, and exchanges account for roughly 2.94 million Bitcoins. Collectively, these entities hold approximately 5.94 million Bitcoins, representing about 29.8% of the circulating supply. This data underscores the growing trend of liquidity concentration among institutions and custodians.

According to PANews, Vanguard's Global Head of Quantitative Equity, John Ameriks, has described Bitcoin as a purely speculative asset, likening it to collectible toys. Despite his criticism, Ameriks acknowledged that Bitcoin could find practical applications beyond market speculation, particularly in scenarios of high inflation or political instability involving fiat currencies.

According to Odaily, Brazil's largest private bank, Itaú, is advising investors to allocate up to 3% of their assets in Bitcoin. This recommendation reflects a growing trend among financial institutions to recognize the potential of cryptocurrencies as part of a diversified investment portfolio.

According to ChainCatcher, Pakistan's cryptocurrency regulatory body has announced plans to incorporate Bitcoin into the country's economic infrastructure. The initiative aims to utilize the nation's 20 GW energy surplus for Bitcoin mining and artificial intelligence-related ventures. The regulatory body also anticipates that emerging markets will spearhead the next wave of cryptocurrency adoption. Previously, there were reports that a Pakistani Minister of State proposed the idea of adopting Bitcoin as a national reserve.

According to Cointelegraph, Bitcoin mining companies are increasingly turning to renewable energy sources to mitigate costs as they face a record-low hash price. This critical metric for miner profitability has fallen below the $40 threshold, which is considered the breakeven point for mining operators. Currently, the hash price stands at approximately $39.4 per petahash second per day (PH/s/day), as reported by mining data provider Hashrate Index. Sangha Renewables, a company involved in both Bitcoin mining and renewable energy, recently activated a 20-megawatt solar-powered mining facility in Ector County, Texas. Meanwhile, The Phoenix Group, a mining and digital infrastructure firm, launched a 30-megawatt mining operation utilizing hydroelectric power in Ethiopia last November. Additionally, Canaan, a hardware manufacturer and Bitcoin miner, has partnered with Soluna, a digital infrastructure company, to establish a mining facility at a wind-powered site in Briscoe County, Texas. Canaan is also working on developing an adaptive mining rig designed to optimize energy efficiency by balancing electrical loads and employing AI to adjust energy usage. The Bitcoin mining industry is grappling with several economic challenges, including reduced mining rewards, which have created one of the most challenging profit margin environments in the sector's history. The increasing expense of mining Bitcoin is further compounded by the network's rising hashrate, which serves as a proxy for the total computing power securing the protocol. Despite short-term fluctuations, the long-term trend shows an upward trajectory, with the network hashrate surpassing the 1 zetahash milestone in April. This increase means miners must invest more computing resources to remain competitive and successfully mine blocks. In November, stablecoin issuer Tether announced the closure of its Bitcoin mining operation in Uruguay, citing escalating energy costs. The ongoing rise in hashrate, equivalent to 1,000 petahashes, underscores the growing challenge for miners as they strive to maintain profitability in an increasingly competitive environment.

According to Cointelegraph, Bitcoin's short-term holders (STHs) have demonstrated resilience despite the cryptocurrency's negative year-to-date (YTD) performance and its struggle to surpass the $100,000 mark. Throughout 2025, STHs have managed to log profits for 66% of the year, even as Bitcoin traded below its yearly opening price. The STH realized price at $81,000 has served as a pivotal sentiment marker, delineating phases of panic and recovery. Unrealized losses have narrowed from -28% to -12%, indicating a reduction in capitulation. Bitcoin's price volatility in 2025 can be attributed to the behavior of the 1–3 month STH cohort. The cryptocurrency's price has frequently interacted with its realized price, resulting in alternating periods of net-unrealized profit/loss (NUPL) profitability and losses. Early in the year, Bitcoin remained above this cost basis for nearly two months, providing STHs with sustained profits. However, a shift in February and March saw prices dip below the cohort's realized price, leading to one of the year's longest stretches of losses. Momentum shifted dramatically from late April through mid-October, with Bitcoin experiencing a 172-day period of predominantly profitable STH activity. Despite a softening broader trend, these recoveries elevated STH profitability beyond market expectations. In late October, the market fell below the realized price once more, initiating a 45-day period of STH losses coinciding with an expanding red NUPL region. The profitability of STHs in 2025 has been influenced more by Bitcoin's ability to reclaim its cost basis than by its directional trend. These repeated rebounds, even within a negative YTD environment, have allowed short-term holders to achieve a two-thirds profit ratio. As Bitcoin rebounded toward $92,500, STH unrealized losses compressed from -28% to -12%, suggesting a decrease in forced selling and emotional exhaustion. The STH realized price at $81,000 remains a psychological fulcrum, marking transitions from capitulation to stability. New investors entering the market within days to weeks are hovering near breakeven, reinforcing this stabilizing structure. If Bitcoin continues to improve STH profitability while maintaining its position above the $81,000 foundation, the late-year correction may be nearing completion, potentially setting the stage for the next expansion phase. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article.

According to Odaily, BitMine Chairman Tom Lee has analyzed Strategy's recent establishment of a $1.4 billion cash reserve. Despite a more than 50% drop in Strategy's stock price over the past six months, this reserve will enable the company to continue paying dividends to shareholders without selling its $61 billion Bitcoin holdings. Lee noted that during the previous Bitcoin downturn, Strategy's stock traded below its net asset value (NAV), and the cash reserve is a preparation for similar circumstances.