The $BTC /USDT pair is navigating a high-stakes Christmas Day showdown, currently hovering at $87,478.67 after a sharp 15-minute plunge from its intraday peak. While the King of Crypto is still holding a slight +0.73% gain for the day, the chart reveals a dramatic rejection at the $87,967.50 level, followed by a rapid descent that nearly touched a low of $87,351.96. This late-year volatility comes amidst a backdrop of significant institutional outflows, as investors weigh a disappointing 6.33% year-to-date decline against the memory of October's $126,272 all-time high. As the market fights to hold support in this "holiday lull," all eyes are on whether bulls can reclaim the $88,000 mark or if the current weakness will lead to further drawdowns heading into 2026.
Would you like me to keep an eye on the volume indicators to see if a bounce-back is forming?
