#数字资产动态追踪 Last Trading Day of 2025 | Market Wrap-up

Market Overview

The curtain call for 2025, the crypto market didn't offer any surprises. BTC moved back and forth within the $87,000-$88,000 range, essentially trading sideways between $85,000 and $90,000 throughout December. There were no Christmas gifts or New Year fireworks at year-end. ETH fared even worse, oscillating narrowly between $2,900 and $3,000, with risk capital still somewhat hesitant, and mainstream altcoins' enthusiasm hasn't picked up. The total crypto market cap hovers around $3 trillion, a significant drop from the early-year highs, and overall sentiment has shifted from eager anticipation to caution.

Quick Data Scan

BTC's year-end price is about $87,600, down over 30% from its peak earlier this year, but the technical outlook remains healthy. ETH hit multiple lows in December, indicating that large funds are still wary of high-risk assets. The derivatives market has been quite active in the past two weeks, with frequent liquidations becoming common. Daily liquidations once approached $1.9 billion, clearly showing the degree of leverage buildup. In terms of capital flows, many funds are moving into traditional safe havens like gold, naturally diluting the buying power in the crypto market. However, institutions haven't slowed their actions in compliance and infrastructure, which is worth paying attention to.

Market Outlook

Honestly, I believe this stage is a structural bull market correction rather than a prelude to a bear market. Macroeconomic uncertainties and deleveraging pressures are the main short-term drag on prices, but conversely, the market's underlying strength has become more solid. Liquidity has been average during the New Year period, and price volatility can be amplified, but there is solid support around 87k. Any rebound is likely to be a corrective move, so don't get too excited. Looking ahead, once leverage risks are truly cleared, and institutions start entering sectors like stablecoins and RWA, that will be the real turning point. The most prudent approach now is to control positions, trade with less emotion, and wait patiently for the market to take the lead again.

Disclaimer: This reflects personal opinions only and does not constitute investment advice. Risk is your own. Remember to DYOR.