Phyrex
Phyrex|Jan 02, 2026 21:21
Today, I wrote about the on-chain data in my year-end summary. Although I remain optimistic about BTC and don’t believe Bitcoin has entered a bear market, I can’t confidently say the bull is back yet. Many friends saw BTC break through $90,000 and thought it was ready to soar, but the $90,000 curse doesn’t seem to have been fully lifted yet. By tonight’s close, the Nasdaq saw a slight dip, which caused Bitcoin to still struggle to hold above $90,000. Personally, I think even if BTC breaks $90,000 over the weekend, it doesn’t necessarily mean it will stabilize after the U.S. stock market opens on Monday. That said, if it can rise a bit over the weekend, it could still boost investor sentiment. Looking back at Bitcoin’s data, the turnover rate is still relatively high, and trading volume has picked up. This suggests that as investors return to work next week, liquidity might see some recovery. Also, Friday’s BTC price rebound was decent. Although it hasn’t yet stabilized above $90,000, I don’t think there will be any major surprises over the weekend. Starting next week, we need to pay closer attention to macro and political events. Support levels will also be adjusted again next week, and this adjustment should bring more stability. @bitget VIP, lower fees, bigger perks!
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