Bitcoin misses Christmas frenzy with no signs of recovery, hovering around the $87,370 range

When traditional financial markets welcome a wave of seasonal optimism at the end of the year, the trading price of Bitcoin hovers around $87,370, fluctuating within the range of $85,000 to $90,000, with almost no signs of recovery.

Analysts believe that this asset, built on speculation, volatility, and disruptive factors, ends the year in stagnation. On-chain data shows that the supply of BTC held for at least two years has decreased by 1.6 million since the beginning of 2023, worth about $14 billion, indicating that early holders are cashing out at the fastest rate in recent years.