Bitcoin Enters a 'Sideways Trend'. What About Other Cryptocurrencies

RBK-cryptoPublished on 2025-12-08Last updated on 2025-12-08

Abstract

Bitcoin (BTC) has been trading sideways within the $80,000–$100,000 range for three weeks, currently trading around $91,500. The overall crypto market cap rose 1.9% to $3.11 trillion, with Ethereum (ETH) up 3% to approximately $3,130. Most top-10 cryptocurrencies saw gains of up to 3%, while Hyperliquid (HYPE) fell 2%. ZCash (ZEC) led the top-100 with a 9% surge, whereas Monero (XMR) dropped 2.8%. Analysts describe the market "disappointment phase" and expect Bitcoin's sideways movement to continue. Exchanges liquidated $451 million in leveraged trades from 130,000 traders. The Crypto Fear & Greed Index fell to 20, indicating "extreme fear" and potential selling pressure. U.S. spot Bitcoin ETFs saw a net outflow of $87.7 million in early December, while Ethereum ETFs lost $65.6 million. Traders on Deribit are betting on Bitcoin staying in its current range, with high open interest in short-term options suggesting profit-taking and low volatility expectations. For the first time in over a decade, the S&P 500 has outperformed Bitcoin annually, as traders prepare for a "crypto winter" amid unmet policy expectations.

The price of Bitcoin (BTC) has been fluctuating in the $80,000 to $100,000 range for three weeks. As of 11:00 Moscow time on December 8, BTC is trading around $91,500, with a 2.4% increase over the past 24 hours.

The total market capitalization of the cryptocurrency market increased by 1.9% in 24 hours, reaching $3.11 trillion. The price of Ethereum (ETH) rose by 3% during this time. The leading altcoin is trading around $3,130.

Other coins in the top 10 showed gains within 3%. Hyperliquid (HYPE), ranked 11th, fell by 2%. The top gainer among the top 100 over the past 24 hours was ZCash (ZEC), which increased by 9%. The biggest loser was Monero (XMR), down 2.8%.

The market has entered a "disappointment phase," according to analysts interviewed by RBC-Crypto. For this week, experts predict that Bitcoin's price will continue its sideways movement.

Cryptocurrency exchanges liquidated leveraged trades for 130,000 traders over 24 hours, amounting to approximately $451 million. Those betting on cryptocurrency growth lost $293 million, while those betting on a decline lost $157 million.

The Crypto Fear & Greed Index has once again fallen into the "extreme fear" zone, indicating a reading of 20 out of 100. The indicator's downward shift from the "fear" zone suggests that market participants are inclined towards active cryptocurrency sell-offs.

In the first week of December, spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded a net capital outflow of $87.7 million, according to SoSoValue. Ethereum funds saw an outflow of $65.6 million during this time.

Bitcoin options on the largest derivatives trading platform, Deribit, show that traders are betting on BTC remaining within its current trading range, Bloomberg noted. Open interest for contracts expiring at the end of December significantly exceeds long-term bets—traders are selling contracts to lock in profits as they expect low volatility ahead.

For the first time in over a decade, the annual return of the S&P 500 index has surpassed that of Bitcoin. The publication notes that expectations of market growth amid the pro-cryptocurrency policy in the U.S. are not materializing, and traders are preparing for a "crypto winter."

"BTC Will Not Fall Below $70,000". A Selection of Hot Topics from the RBC Crypto Forum

Record on Prediction Platforms. Which Companies Are in the Crypto Market

SpaceX's Bitcoin Holdings Decreased by $500 Million in Two Months

Related Questions

QWhat is the current trading range of Bitcoin (BTC) as mentioned in the article?

ABitcoin is fluctuating in the range of $80,000 to $100,000.

QWhich cryptocurrency was the leader of growth among the top-100 in the last 24 hours and by how much?

AZCash (ZEC) was the leader of growth, increasing in price by 9%.

QWhat does the shift of the Fear and Greed Index into the 'extreme fear' zone indicate about market participants?

AIt indicates that market participants are inclined towards active selling of cryptocurrencies.

QWhat was the net capital outflow from US spot Bitcoin ETFs in the first week of December?

AThe net capital outflow from US spot Bitcoin ETFs was $87.7 million.

QAccording to the article, what is the significance of S&P 500's yield exceeding Bitcoin's for the first time in over a decade?

AIt signifies that expectations of market growth based on US pro-crypto policy are not being met, and traders are preparing for a 'crypto winter'.

Related Reads

Polymarket Revival: The Mainstreaming of Crypto Prediction Markets and Future Prospects

Polymarket, a crypto-based prediction market platform, has made a significant comeback in 2025 by re-entering the U.S. market through regulatory-compliant means, including the acquisition of regulated trading and清算 entities. This resurgence is further supported by institutional capital investment and integration with mainstream platforms like the MetaMask wallet, allowing users to trade directly without leaving their wallets. Mainstream financial data platforms have also begun displaying prediction market data, increasing market visibility. Once viewed primarily as a gambling or speculative platform, Polymarket is increasingly recognized as a mechanism for information pricing in financial markets. Widespread participation from both retail and institutional users has made its probability assessments of future events more representative and liquid. Prediction market data is now being incorporated by traditional financial media and data platforms, highlighting its growing potential. However, challenges remain. Prediction markets are not always accurate, with studies showing limited predictive reliability in certain contexts. Questions about platform neutrality and business models have emerged, such as the employment of internal market makers, which could undermine trust. Information asymmetry and insider risks are inherent, potentially disadvantaging ordinary users when some participants access information early. Regulatory, tax, and disclosure requirements also present ongoing uncertainties. The revival and transformation of Polymarket signify a broader shift of prediction markets from niche experiments toward mainstream financial infrastructure. By converting public expectations into tradable probabilities, these markets may complement traditional analysis and polling, providing real-time, decentralized signals in areas like macroeconomics, policy, technology, and geopolitics. As traditional financial institutions invest in compliance and structured products, DeFi is evolving beyond an alternative asset pool to resemble traditional financial infrastructure. Prediction market applications are expanding beyond crypto to potentially include stocks, macroeconomic indicators, sports events, and tech product launches, tightening the link between crypto and the real world. If platforms like Polymarket continue on a path of compliance, stable operation, and integration with mainstream financial services, they could become next-generation market infrastructures—event-driven financial tools alongside stocks, bonds, and options. Key factors for development include platform neutrality, prediction accuracy, regulatory environment, participant diversity, and the maturity of related financial products. In summary, Polymarket’s comeback represents a move of prediction markets from the fringe into the core of financial systems, reflecting deeper changes in how information is priced and how financial infrastructure is rebuilt. This shift brings not only new trading methods but also potential changes in how investors perceive and engage with future events and asset valuation.

cointelegraph_中文Hace 15 min(s)

Polymarket Revival: The Mainstreaming of Crypto Prediction Markets and Future Prospects

cointelegraph_中文Hace 15 min(s)

Trading

Spot
Futures
活动图片