As the year 2025 nears its end, the Altcoin Season Index has slid to a reading of 17 while Bitcoin trades well below its $126,000 high. Major altcoins are now down between 30% and 80% from their peak values, signaling that only a small fraction of the top 100 coins have outperformed Bitcoin over the last 90 days. This low index level points to altcoins remaining in a bear phase, with even Ethereum lagging behind Bitcoin’s recent performance.

Bitcoin has been confined to a tight $87,500–$89,000 band after a dip toward $85,000 last week. According to analyst DrBullZeus, a decisive move above resistance just below $90,000 could open a run to $92,000, while a loss of $87,000 support may revisit $85,000. At press time, BTC trades at $89,690, up 1.1% in 24 hours.

Crypto analyst HAMED_AZ says Bitcoin remains in a corrective phase after a $126,000 all‑time high and is currently trading below $90,000. He highlights a tight $84,000–$94,000 range; a confirmed break above $94,000 could target $108,000, while losing $84,000 may open downside toward $72,000.

XRP has faced sustained selling even as Spot XRP ETFs attracted $82.04 million of inflows over the recent week. On-chain data from CryptoQuant shows repeated large deposits in the 100,000 to over 1 million XRP range moving from whale wallets to Binance, adding supply that spot buyers have struggled to absorb. Price action has formed lower highs and lower lows, with resistance near $1.95 and potential downside toward $1.50 if heavy inflows to exchanges continue.

According to market commentator Crypto Waterman, Bitcoin’s final bull leg is likely to unfold gradually, with the parabolic phase lasting about one to two months and potentially occurring in the first quarter of 2026. He cautions that shakeouts and volatility may precede the move, and suggests accumulating on dips over the next two to three weeks while scaling out profits as gains compound.

Ethereum's Estimated Leverage Ratio on Binance reached 0.611, a new all-time high, while the taker buy/sell ratio climbed to 1.13, signaling firmer demand. ETH fell to $2,781 on December 18 and remains below $3,000 as traders position for a potential breakout. One analyst highlights $3,100–$3,200 if the $2,700–$2,800 support area holds.

Veteran chartist Peter Brandt shared on X a technical read of XRP's weekly chart that he says points to a potential double top and a bearish tilt. His chart indicates a breakdown below a flag, with support around $1.80 to $2.00 versus resistance near $3.5, and the $2 level was lost in December. A sustained move above $2, then $2.2, $2.5, $2.7 and $3 would invalidate the setup.

In a new analysis, CryptoQuant's Arab Chain reports Ethereum's all-exchange supply ratio has fallen to about 0.137, marking one of the lowest readings since 2016. On Binance, the Exchange Supply Ratio slid to 0.0325, reflecting sustained outflows and thinner spot liquidity—conditions often associated with firmer price support.

Crypto analyst Doctor Profit plans to accumulate Bitcoin around $86,000 as part of a short-term relief rally strategy, while keeping a broadly bearish outlook. He expects the BTC price could revisit the $97,000 to $107,000 area before another major downturn and continues to hold short positions aimed at lower levels such as $70,000. At the same time, another analyst warns that losing support near $87,000 might open the door for a deeper drop.