The crypto market is going through a phase of "stagnation under high tension" this Saturday, December 20, 2025. While trading volumes collapse by more than 50% this year-end weekend, open interest remains abnormally high. Decoding a financial powder keg.

📉 1. Bitcoin: The struggle for $81,300
Bitcoin is currently trading around $86,500. Despite an apparent stability, Glassnode's on-chain data reveals a fragile structure: