Bitcoin Faces Selling Pressure Amid ETF Outflows While BCH Surges 5.70%

Market Overview

The crypto market is currently experiencing a downturn as Bitcoin and Ethereum face significant selling pressure due to ETF outflows, failing to see a typical 'Santa rally'. Bitcoin is trading around $88,184, reflecting a modest increase of 0.96%, while Ethereum is facing bearish sentiment.

Top Performers

• Bitcoin Cash (BCH): $597.55 (+5.70%)
BCH continues to show strength amidst market turbulence, rising significantly today.
• Solana (SOL): $123.74 (+1.24%)
SOL remains resilient with a slight gain, indicating some investor confidence.
• Wrapped Bitcoin (WBTC): $87,984 (+1.01%)
WBTC is also seeing a positive trend, closely tracking Bitcoin's movements.

Key News

1. Selling Pressure on Bitcoin and Ethereum: The prices for Bitcoin and Ethereum are declining as BlackRock offloads significant amounts of these assets into Coinbase. This has led to notable ETF outflows, with Bitcoin ETFs experiencing $330 million in outflows just this week. 2. Crypto Liquidations Exceed $150 Billion in 2025: A CoinGlass report highlights that the crypto derivatives market saw more than $150 billion in liquidations this year, with a significant spike during an October event that resulted in a $19 billion liquidation. 3. Bear Market Risk Heightens: Current analyses suggest that the Bitcoin market may be entering a bear phase, as indicators show a transition rather than a simple pullback.

Market Sentiment

Overall sentiment remains bullish despite recent challenges, with an average change across the market of 1.55%.

What to Watch

• Monitor the impact of ETF outflows on Bitcoin and Ethereum prices.
• Keep an eye on institutional trading activity, particularly from major asset managers like BlackRock.
• Watch for any changes in macroeconomic conditions that may influence Federal Reserve interest rate decisions.