Bitcoin Whales Double Down on BTC Bull Market to end 2025
Despite Bitcoin hovering near $90,000 at year-end 2025, Bitfinex whales are increasing long positions, signaling confidence in a future bull run.Summary
As 2025 concludes with Bitcoin stuck around $90,000 while other risk assets rally, traders are anticipating increased volatility following a large options expiry. Key resistance levels are identified around $94,300 and $100,000, with potential downside targets near the mid-$80,000s based on liquidation clusters. Analysts are watching if BTC can sustain above the 20-day Simple Moving Average ($89,400) to confirm a change in scenery. Reclaiming the realized price of short-term holders ($99,785) is crucial for bull market support. Macro factors remain uncertain, with the Fed not expected to cut rates in January, causing crypto to underperform stocks and precious metals. However, large-volume traders on Bitfinex are showing strong bullish conviction, with BTC long positions reaching their highest levels in nearly two years, suggesting they anticipate a significant pump extending into 2026. Furthermore, on-chain data suggests stronger hands are absorbing supply, and the current drawdown depth is less severe than in previous cycles, indicating a more mature market structure.
(Source：Cointelegraph)