The price of Bitcoin recently stabilized around $96,466 and is experiencing a slight recovery that is moving it away from the levels at the start of the year. Market traders are currently focusing on one basic chart, namely the continued increase in the average cost of purchasing Bitcoin Spot ETFs.
According to data highlighted by Jim Bianco of Bianco Research, the $59 billion in investments in the top 10 ETFs since January 2024 have an average cost of $90,146. With Bitcoin trading slightly above this level, the total unrealized gains fell to around $2.94 billion, or 4.7%.
Bianco analysts believe that this development is of crucial importance: if the net purchase of Bitcoin ETFs turns into a net sale, liquidity could quickly dry up. The vision of these analysts is very clear. Their argument was based on the fact that financial funds could have made greater gains over the 22-month period, which now raises doubts about Bitcoin’s performance compared to traditional assets.
Decline in performance in 2025 raises concerns
2025 has not been an easy year for the entire crypto sector. Bitcoin started the year at the $93,463 level, but surpassed it last week, now settling with gains of no more than 2.6% since its start. As for Ethereum-ETH, its situation was more difficult, since its price stabilized at a drop of 3.7% compared to the levels at the beginning of January when it opened the year at $3,331.
Investment moves linked to exchange-traded funds are adding to the pressure, as a single trading day saw the outflow of net investments worth $869.9 million, exacerbating the sell-off and pushing the cryptocurrency fear and greed index to one of its lowest levels recorded this year.
The chart shared by Bianco analysts clearly illustrates this change; Unrealized gains for ETF investors peaked on October 6, 2025, at nearly $23.9 billion, before falling to just $7.8 billion in November.
The voices of the optimists remained present
The wave of pessimism hasn’t dominated everyone, as Hunter Horsley, CEO of Bitwise, told CNBC that current levels represent a “reasonable entry point,” noting that Bitcoin will continue to strengthen its market share against gold.
For his part, Michael Saylor confirmed his company’s confidence, indicating that its performance will remain stable even if the price of Bitcoin falls by 80%, based on its average annual investment return of 50% every 5 years, which exceeds the gains of other major asset classes.
Bitcoin Price Forecast and Technical Outlook
Bitcoin price predictions lean towards slight optimism as the price attempts to stabilize after breaking the extended uptrend line, which is a structural change favorable to sellers. As the price continues to hold support in the $92,000-$94,500 range, attempts to regain its position above the 20-day exponential moving average (EMA-20) have shown the fragility of the recovery efforts.
The relative strength index (RSI) reading of 34 also reflects a decline in momentum with no signs of an upward reversal on the horizon, so a daily close below the $92,000 level could pave the way for a deeper correction towards $91,600 and perhaps $83,000, while reestablishing the $103,000 level with an engulfing candle bullish could shift momentum towards the possibility of hitting $106,700.
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It is worth noting that the project team paid great attention to reliability and scalability, and the smart contract for its currency was successfully audited by the Coinsult team, alongside growing investor interest and growing momentum. Subscription proceeds have surpassed the $0.827 million barrier, with a limited amount remaining to be sold at a price of $0.013265 before its planned increase in successive subscription stages.
With the growing activity on the Bitcoin blockchain and the growing demand for efficient applications based on it, Bitcoin Hyper is emerging as a bridge between two of the largest technical systems in the world of digital currencies. If the Bitcoin blockchain is the basis, Bitcoin Hyper can make it faster, more flexible and more fun again.
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The article Bitcoin Price Forecasts: Is a Liquidity Crisis Looming? Bianco links its performance in 2025 to this crucial technical indicator appeared first on Cryptonews Arabic.
