#数字资产市场动态 🚦 Bitcoin Year-End Dilemma: What’s Next After Losing the 94K Level

As the New Year approaches, Bitcoin still hasn't managed to break through the $94,000 mark — it has already fallen by 5.7%, and the entire 2025 could be heading this way. During the Christmas days, the market was sluggish, while the US stock market kept surging, causing traders (both newbies and veterans) to start holding onto their wallets.

From the actions in the options market, it’s clear that everyone is more defensive than aggressive. Institutional investors are clearly increasing their holdings of put options, and few seem willing to bet on a big rally. Even more concerning is the capital outflow — by the end of 2025, there has been a $5.5 billion net outflow. Although some long-term optimism remains, the short-term sentiment is very cautious.

The current situation is this: Bitcoin is fluctuating between 85,000 and 94,000, and the market is waiting for two things — when liquidity will return to normal, and whether any key events in mid-January will shake things up. If there’s a breakout to the upside, it might not be visible until 2026. The market is stuck like this, and caution is still the way to go.