End of 2025 Bitcoin Trend: A Magical Show of "Diving from the Highs + Spinning in Place"

Bitcoin's performance this year has been quite dramatic—reaching a historic high of $126,000 in early October, then immediately entering free fall, plummeting 33% in just two months. It now hovers around $88,000, vividly turning the "digital gold" into a "digital roller coaster."

Who should take the blame for this decline? Everyone is pointing fingers. The Fed's unpredictable rate cut expectations have poured cold water on Bitcoin; institutions take profits quickly, ETF fund outflows continue, abruptly halting the upward momentum; the psychological barrier of $100,000 has become a "profit-taking trigger," with whales collectively cashing out and retreating, leaving retail investors caught in the chaos. Ironically, the US stock market and gold hit new highs at year-end, while Bitcoin lagged behind, falling 6.5% this year. The so-called "safe-haven asset" has instead become a "reverse indicator."

The market now is even more interesting—liquidity at year-end is as thin as watered-down coffee, traders are on vacation, and even small amounts of capital can cause Bitcoin to swing by $400. This is the absurd reality of "small funds moving big markets." While institutions cautiously withdraw, MicroStrategy and other "longs" are adding positions against the trend. Both bulls and bears are engaged in a "silent tug-of-war," with no one able to break through the $87,000–$89,000 range.

In the long term, Bitcoin still has stories to tell—by 2026, when the 20 millionth Bitcoin is mined, the circulation growth rate will hit a historic low, and institutions are calling for a potential surge to $143,000 next year. But in the short term, it’s likely to "lie flat," waiting for funds to return after New Year’s Day, and only then will this "spinning in place" show come to an end.

To sum up: Bitcoin right now is like a young person who just finished partying—tired and exhausted in the short term, still holding onto party dreams in the long run. Be cautious when entering; whether it rebounds or dives is a mystery in the next moment.