According to Coinglass, the Coinbase Bitcoin premium stayed negative for seven consecutive days and was around -0.04% on December 21, 2025, after remaining negative for much of November. Analysts say this typically signals U.S. spot demand lagging Asia, with institutions in the U.S. less aggressive while Asian sessions show stronger dip-buying.

Crypto markets briefly pushed total capitalization back above $3 trillion as the week opened with low volatility amid the Christmas holiday period. October’s US PCE inflation figures on Monday and the third-quarter GDP report on Tuesday are among the main macro updates traders are watching, alongside housing and durable goods data. Bitcoin is trading around $88,500 after briefly touching $89,000, while Ether is struggling to build momentum above the $3,000 level.

On Friday, Dec. 19, about 31,000 Bitcoin options with roughly $2.7 billion notional value are due to expire, a smaller-than-average batch. Coinglass cites max pain near $88,000 and total BTC options OI at $52.5 billion, while Deribit shows $2.3 billion OI at the $100,000 strike. Spot markets have weakened throughout the week.

On Wednesday, PlanB said selling from long‑time holders and technical traders is offsetting demand, leaving Bitcoin range‑bound. Joe Consorti added on December 16, 2025 that further declines are possible, citing past drawdowns of 44% and 54%. BTC briefly rebounded from $85,000 to near $88,000 before slipping back to $87,500.

Total crypto market capitalization fell by $140 billion to $3.02 trillion in late Monday trading, with Bitcoin dropping to $85,200 after losing $90,000 support. BTC hovered just below $86,000 during Tuesday’s Asian session amid heightened volatility. The decline marked the lowest level since the December 2 leverage flush.

A dense slate of U.S. economic releases from Dec. 15 to 19 has traders bracing for turbulence, while Bitcoin briefly dipped below $88,000 in a late Sunday slide. Tuesday features October retail sales and the November jobs report; Thursday brings CPI and the Philly Fed index; Friday includes Core PCE, housing, expectations, and sentiment.

Bitcoin stayed pinned near the $90,000 support over the weekend, briefly slipping below it late Saturday. On December 13, 2025, Alphractal's Joao Wedson called the zone "critical on-chain support," while other analysts pointed to a bearish consolidation and stress metrics with Relative Unrealized Loss nearing ~10% of market cap. BTC was around $90,300 at the time of writing.

On Friday, Dec. 12, around 39,000 BTC options worth about $3.6 billion expire, alongside 247,000 ETH contracts totaling $768 million, for roughly $4.3 billion in notional. BTC's put/call stands near 1.1 with max pain around $90,000, while ETH's is 1.24 with max pain at $3,100; spot prices remain range-bound.

Santiment said Monday that a net 403,200 BTC—about 2.1% of total supply—has left centralized exchanges over the past year, even as Bitcoin trades below $90,000. Glassnode data show that only 14.7% of Bitcoin’s supply now sits on exchanges. Analysts point to mixed technical signals and a possible price floor between $74,000 and $77,000.