Bitcoin Nears Red Yearly Close: Galaxy Digital Explains The Setup
Bitcoin is heading into New Year’s Eve on the verge of printing a red yearly candle, an awkward setup after a year packed with pro-crypto policy and institutional headlines. Galaxy Digital head of research Alex Thorn said BTC is down 6.3% year-to-date and 8.25% year-over-year, and would need a daily close above $93,389 on New Year’s Eve to finish 2025 positive.One of Thorn’s key observations was the divergence between bitcoin’s drawdown and US bitcoin ETF behavior.
Featured image created with DALL.E, chart from TradingView.com
About Author
