Onchain metrics from CryptoQuant indicate that reports of large Bitcoin holders aggressively accumulating are exaggerated, as exchange wallet consolidation has distorted whale balance data and major addresses remain net distributors. At the same time, VanEck research shows long-term Bitcoin holders have turned back to net accumulation over the past 30 days after their largest sell-off since 2019, while BTC trades slightly above $90,000 and avoids a drop below its November low near $80,000.

Bitcoin opened 2025 near $93,000, dropped to $74,500 in April, and later rallied to $126,199 in October, setting the stage for a pivotal 2026. Key thresholds include the 20‑month EMA at $88,049 and support at $74,508; a breakdown could point to $50,000, while strength above $100,000 puts $126,199 back in view.

In Q4 2025, Tether acquired 8,888 Bitcoin, pushing its BTC reserves to more than 96,000 BTC under a policy that allocates 15% of quarterly profits into Bitcoin. Earlier, a Sept. 30, 2025 assurance reported $181.223 billion in reserves, $174.445 billion in liabilities, and $6.778 billion in excess reserves, with Bitcoin valued at $9.856 billion. This structure channels yield from U.S. Treasuries and other reserve assets into recurring BTC purchases while increasing mark-to-market volatility and drawing ratings and regulatory scrutiny.

On January 2, Bitcoin advanced 1.70% day over day and was quoted at $89,616 at press time. The hourly chart showed a false breakout near $89,816; a close around that area could set up a test of $90,000–$91,000, while a higher timeframe break above $90,492 may target $94,000. CoinStats noted the top 10 coins turned green.

Michael Saylor's company Strategy is preparing to post a multibillion‑dollar fourth‑quarter loss after Bitcoin dropped about 24% during the period, reversing a $2.8 billion profit from the previous quarter. The loss stems from unrealized markdowns on roughly $60 billion in Bitcoin holdings under a fair‑value accounting method adopted in Q1 2024. Strategy's shares fell sharply in 2025 amid worries over cash flow, debt servicing and a shrinking valuation premium, even as the stock and Bitcoin both rebounded on the first trading day of 2026.

Bitcoin trades around $89,462 with a 0.93% weekly gain, while price action remains choppy in a tight range. On‑chain signals show moderated exchange outflows, a mostly negative Coinbase Premium, and SOPR hovering just below 1.0. Analysts outline 2026 scenarios between $50,000 and $170,000 as markets await U.S. labor data that could sway rate expectations.

Bitcoin pushed back above $90,000 on Friday, trading near $90,742 (+3.2%) during New York hours after persistent Q4 2025 selling. Buying accelerated around 09:30 ET, and U.S. spot proxies also firmed. The shift follows year-end tax-loss dynamics that pressured BTC through Q4.

In a Friday press release, Bitfarms agreed to sell its 70-megawatt Paso Pe facility in Paraguay to Sympatheia Power Fund for up to $30 million. The company said it will redirect proceeds to U.S. AI and high-performance computing infrastructure starting in 2026, and its energy assets and development pipeline are now concentrated in North America.