#数字资产生态回暖 The 2025 Bitcoin market is filled with roller coaster stories. From the beginning of the year to October, this wave of行情 was smooth sailing, with the highest reaching 126,000 USD, setting a new all-time high. Many people were envious at that moment. Turning to November, the market suddenly changed direction, with a monthly decline of over 16%, marking one of the most brutal monthly performances in recent years. The cause? Spot BTC ETF experienced a record-breaking outflow of funds (over 3.5 billion USD outflow in November), uncertain Federal Reserve policies, coupled with a pullback in tech stocks, especially the AI sector, casting a shadow over the entire market in a risk-averse atmosphere.



In December, the situation worsened even more, with prices briefly falling below 90,000 USD and even approaching the key support at 86,000 USD. However, the decline was followed by a rebound. Currently, the price fluctuates between 83,000 and 95,000 USD, with short-term resistance at 93,000-95,000 USD and support at 86,000-88,000 USD.

From a positive perspective, the halving effect in 2024 is still fermenting. Bitcoin's scarcity attribute remains, institutional holdings are stable, and improved policy expectations have given the market some room for imagination. But right now, market sentiment is indeed tense, with the Fear & Greed index lingering in the fear zone, and technical signals also indicating many bear market signs. However, in a longer-term view, the upward trend still exists, and this correction may just be another phase of accumulation before the next rally.
BTC-0.71%
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GasFeeNightmarevip
· 1h ago
Really, back then at 126,000 I almost bought a car, now I regret it so much my intestines are turning green haha --- $3.5 billion in outflows, are all these institutions just cutting leeks? --- Will 86,000 break this support? I can't sleep anymore --- Is the halving effect still happening? Sounds like self-comfort... --- Churning is just a trap, been trapped for a whole month --- Fear index is off the charts, feels like it's bottoming out again --- Are institutional holdings stable? They've probably been secretly selling off already --- This correction is just a shakeout, the next wave will take off, I bet --- Is 93,000 the ceiling? If it doesn't break through, it's dangerous --- Blaming the AI sector's drag is a bit far-fetched, it's mainly a liquidity shortage --- Accumulating? More like dumping to clear out positions --- Feels like another "desperate rebound" show is about to unfold
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MEVHunter_9000vip
· 12-13 07:00
126,000, that wave really didn't get on board. Now watching it fluctuate around 86,000 again... just sigh.
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AirdropHarvestervip
· 12-13 07:00
When it was 126k, I didn't get in. Now this drop really hurts. Institutions are holding steadily, right? Then why am I still cutting losses? Will 86k be the bottom? It feels like it could drop another wave. The Fear index is so high, but I actually feel a bit more confident. On the day of the 3.5 billion outflow, I just went all in, just to see who can catch the bottom right. Is the halving effect still happening? Then why am I getting poorer the more it drops? How long will this round of accumulation last? My kidneys are about to give out. Support levels have been broken again. Is anyone still holding above 90,000? Even if institutions don't move, I will persist. Anyway, from a long-term perspective, it's still an upward trend. Really, sometimes I feel like Bitcoin is just an emotional killer.
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ChainSpyvip
· 12-13 06:58
126000 hasn't been bottomed out yet, now at 86000 and hesitating again, I really need to reflect. Eating noodles, extending the cycle, sounds good, just want to ask how many people can hold on until that moment without selling. So now the question is, can the 86000 support level hold, or do we continue to look for new lows. Institutional holdings stable? They’re not stable at all, retail investors have sold off the most, what can the big institutions hold on to? This round of accumulation sounds nice, but honestly, it just means the price has bottomed out and is ready to rise. We need to trust the market's wisdom. Rebound, rebound, daily rebounds, and when it hits 95000 again, it becomes a pressure point. Feels like this routine is getting a bit boring. The halving effect is still fermenting, so when can we expect it to "mature"? It’s driving me crazy. The hardest part now isn’t the decline, but not knowing where the bottom is. This kind of uncertainty is the most heartbreaking.
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MerkleMaidvip
· 12-13 06:57
126000 smashed to 86000, is this called a roller coaster? I call it bungee jumping haha --- Institutions are still bottom fishing, which shows they are not afraid at all --- $3.5 billion outflow, those entering now are true warriors --- Basically, it’s a shakeout, just wait and see next year’s story --- The fear index is at its maximum, which is often a signal to get on board --- Is the halving effect still happening? Then I’m reassured and will keep sleeping --- Support at 86000, I bet it won’t break here --- The AI sector dragging down Bitcoin, I really can’t understand this logic --- People entering now will laugh at others three years later --- Policy expectations are improving? Let’s see what the Federal Reserve says first --- The 83000-95000 range has been bouncing back and forth in the short term --- Institutional attitude is not steady at all, they are also dumping --- Technical bear market signals? Technical indicators often deceive --- This round of adjustment is indeed painful, but as long as the cycle framework isn’t broken, it’s okay --- Let the accumulation happen, I can’t do anything anyway
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