“As bitcoin remains in a downtrend, several technical and onchain levels stand out as critical areas of support.”, — write: www.coindesk.com
This initial drop created a pricing gap extending as high as $89,265. A CME gap forms when bitcoin’s spot price moves while CME futures are closed. Historically, bitcoin has shown a tendency to revisit these gaps.
Bitcoin last made an all time high on Oct. 6, 111 days ago, and is now down roughly 30% from that peak, reinforcing the bearish momentum.
A break below $80,000 would probably introduce a revisit of April 2025 levels, when bitcoin traded as low as $76,000 during the selloff linked to President Donald Trump’s tariff drive.
For now, the key level holding the market together is the 100-week moving average, which represents the average closing price over that period and is often viewed as a long-term structural support. Since the local bottom on Nov. 21 at $80,000, the price has consistently held this level, which is currently near $87,145.
Bitcoin has already dropped below the 50-day moving average of just over $90,000. This indicator is commonly used to gauge short-term trend direction.
Below current levels, several notable support zones emerge. The Difficulty Regression Model, an estimate of bitcoin’s average production cost based on mining difficulty, sits near $89,300. Historically, commodities tend to gravitate toward or trade below their production cost during bear markets.
Further down, the aggregate cost base of US spot bitcoin exchange-traded fund buyers is $84,099, a level that has acted as support for several months. Onchain data shows the 2024 average exchange withdrawal price, effectively the cost basis of 2024 buyers, at $82,713.
Finally, the True Market Mean Price, calculated using Investor Cap divided by Active Supply, sits just above $80,000, aligning closely with the November low and reinforcing its importance as a potential mean-reversion level.
KuCoin captured a record share of centralized exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the broader crypto market.
- KuCoin recorded over $1.25 trillion in total trading volume in 2025equivalent to an average of roughly $114 billion per monthmarking its strongest year on record.
- This performance translated into an all-time high share of centralized exchange volumeas KuCoin’s activity expanded faster than aggregate CEX volumeswhich slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly spliteach exceeding $500 billion for the year, signaling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activityreinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activityindicating structurally higher user engagement rather than short-lived volume spikes.
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The purchases of Coinbase, Circle Internet and Bullish were Ark’s first purchases of the three stocks since mid-December.
- Ark Invest bought a total of $21.5 million worth of shares in Coinbase (COIN), Circle (CRCL) and Bullish (BLSH) on Friday.
- They were Ark’s first purchases of the three stocks since mid-December.
- The crypto market reverted to bearishness last week, with bitcoin nearly 6% lower on Friday from a week earlier.
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