Bitcoin Loses Momentum, Heads for a Negative 2025

Data from crypto analytics firm SoSoValue showed that U.S. spot Bitcoin ETFs recorded net outflows of nearly $500 million.

Bitcoin swung down fast after a quick climb to $90K.

Quick overview

  • Risk aversion continues in the crypto market as investors await a Federal Reserve rate cut.
  • Bitcoin is down 1% to $86,703.67, marking a 6% decline year-to-date.
  • ETF outflows are impacting Bitcoin's price, with nearly $500 million withdrawn last week.
  • Market sentiment remains subdued due to thin trading conditions ahead of the holidays.

Risk aversion persists across the crypto market, as investors await a Federal Reserve rate cut to revive interest.

Bitcoin may have hit bottom and could be preparing to climb,
Bitcoin may have hit bottom and could be preparing to climb,

The cryptocurrency market is trading in the red once again, with losses led by the largest-capitalization tokens.

Bitcoin (BTC) is down 1% to $86,703.67, according to Binance, and is now posting a 6% decline year-to-date. Ethereum (ETH) follows the same trend, slipping 1.4% to $2,896.34.

BTC/USD

Altcoins are also broadly lower: Solana falls 1.4%, BNB drops 1.3%, and Ripple (XRP) declines 1.1%.

Bitcoin pressured by ETF outflows

Bitcoin retreated toward the $87,000 level on Wednesday after another failed attempt to regain ground above $90,000, as thin year-end trading conditions and continued outflows from U.S.-listed spot ETFs weighed on market sentiment.

The leading cryptocurrency struggled to gain momentum during early Asian trading, extending a pattern of subdued price action seen in recent sessions.

This lack of follow-through reflects reduced liquidity ahead of the Christmas holidays, with many market participants stepping aside after Bitcoin was repeatedly rejected near the $90,000 resistance level.

Adding further pressure were sustained ETF outflows. Data from crypto analytics firm SoSoValue showed that U.S. spot Bitcoin ETFs recorded net outflows of nearly $500 million last week, signaling waning institutional demand following strong inflows earlier in the year.

ABOUT THE AUTHOR See More
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.

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