Bitcoin Surges Above $90K Before Falling Below $87K as Traders Open $250M in Bearish Positions
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 29 2025- Price Volatility: Bitcoin briefly surged above $90,000 after Christmas before dropping below $87,000, indicating rapid price changes due to lower liquidity during the holiday period, reflecting traders' cautious approach to risk exposure.
- Trader Behavior: On December 29, a large trader opened over $250 million in bearish positions, including $119 million in Bitcoin shorts and $149 million in combined shorts for Ethereum and Solana, signaling a shift in market sentiment towards pessimism that may limit recovery attempts.
- Sentiment Shifts: While Ethereum saw improved sentiment during its price rise, it later turned slightly bearish, highlighting market uncertainty about future trends, especially during low liquidity periods.
- Macro Signal Impact: Recent cautious comments from Federal Reserve officials regarding interest rates led to decreased expectations for January easing, further increasing pressure on risk assets and keeping Bitcoin prices within a narrow range after the drop.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
