Bitcoin ends 2025 in extreme fear as CZ highlights past reward from similar selloffs
Bitcoin has closed 2025 in an "extreme fear" zone, after dropping 23% in Q4, its second-worst fourth quarter on record. Changpeng Zhao has pointed to previous fear phases in 2024 and early 2025, when BTC later rallied from around $54K and $77K to over $100K and $126K. Miners' positioning and production-cost levels near $80K currently show limited selling pressure, suggesting room for recovery if demand returns, though analysts remain split on Bitcoin's path into 2026.