Bitcoin Experiences Volatile Trading as it Dips Below $86,000

By: crypto insight|2025/12/18 18:00:15

Key Takeaways

Bitcoin is currently trading around $86,600 but has fluctuated from a recent high near $90,000.
Analysts suggest that macroeconomic uncertainties are impacting Bitcoin’s volatility, with increased global risk aversion and slowed ETF inflows.
President Trump’s comments on potential future rate cuts by the Federal Reserve are generating significant interest in the market.
Experts claim the market is witnessing typical year-end asset reallocation effects, affecting Bitcoin’s price stability.
Despite the downturn, analysts believe if Bitcoin holds above $81,000, the market structure remains healthy.

WEEX Crypto News, 18 December 2025

Bitcoin has descended back to the vicinity of $86,000, sparking concerns as it hovers near year-end lows after experiencing significant volatility last Wednesday. This turbulence saw the value of Bitcoin briefly surpass $90,000 only to retract as selling pressure mounted, reflecting broader market apprehensions. Despite recent gains inching the price to approximately $86,670, the cautious sentiment among traders persists.

Trading Dynamics and Market Sentiment

Bitcoin’s price fluctuations are being closely watched by investors, who are grappling with the cryptocurrency’s recent trading tendencies. Analysts point to a blend of spot market activations and derivatives positioning as the main drivers of this volatility, diverging from past sell-offs which were often attributed to forced liquidations. As noted by Chris Newhouse from Ergonia, the strategic maneuvering in these markets is playing a crucial role in Bitcoin’s current price movements.

Additionally, Bitcoin’s recent price adjustments are seen as part of a broader pattern involving the de-risking of investment portfolios as the year concludes. Despite reaching a high in early October, Bitcoin’s price has since pulled back significantly, reflecting over a 30% decline. This correction has been compounded by the cautious approach investors have adopted as year-end approaches, revealing a market in search of stability amid an uncertain economic environment.

Impact of Macroeconomic Factors

Macroeconomic conditions have also exerted a notable influence on Bitcoin’s price trajectory. Market professionals highlight the interplay between Bitcoin’s fluctuations and larger economic indicators, including elevated global risk aversion and slower inflows into Bitcoin ETFs. This scenario points to a market that is increasingly factoring in potential changes in macroeconomic policy, particularly in relation to interest rates and monetary policy adjustments.

A striking focus of these macroeconomic discussions involves the U.S. Federal Reserve’s potential rate decisions. Recent statements from President Donald Trump have added another layer of complexity, as he has indicated the next Federal Reserve chair would be supportive of significant rate cuts. This assertion comes in the wake of several consecutive rate reductions, heightening market speculation about future monetary policy directions and their implications for Bitcoin and other cryptocurrencies.

Year-End and Beyond: Price Stabilization or Further Decline?

The near-term outlook for Bitcoin involves a mix of cautious optimism paired with apprehensive speculation. LVRG Research’s Nick Ruck suggests that Bitcoin’s tethering near the $85,700 mark reflects typical asset reallocation seen towards the year’s end, rather than an impending ‘crypto winter.’ This sentiment is echoed by Kronos Research’s Vincent Liu, who perceives the recent price corrections as a standard realignment process post-rally.

However, Liu cautions that only sustained trading above the $81,000 threshold would maintain Bitcoin’s market structure’s health. Should this floor be breached, a deeper corrective phase might ensue, necessitating heightened vigilance by market participants.

Future Prospects and Market Response

Looking ahead, Bitcoin’s trajectory may depend significantly on external economic triggers and liquidity injections. Market experts are evaluating potential catalysts that could usher in a new wave of market activity. Even though holiday-related trading slows down, investors remain keenly observant of upcoming developments that may spur renewed market interest or lead to increased volatility.

For WEEX users, this period of market fluctuation presents an opportunity to exercise strategic trading by staying informed and adapting to evolving market conditions. New users can sign up at WEEX to remain at the forefront of these developments and potentially capitalize on emerging market patterns.

FAQs

Will Bitcoin’s Price Stabilize Above $86,000 in the Near Term?

Bitcoin’s price could stabilize if market conditions see a reduction in selling pressure and a shift in investor sentiment toward newer catalysts, with analysts closely monitoring the $81,000 level as a critical support.

How Do Macroeconomic Factors Affect Bitcoin’s Volatility?

Macroeconomic factors, such as global risk aversion and central banking policies, heavily impact Bitcoin, affecting investor sentiment and causing fluctuations in investment flows into the cryptocurrency.

What Is the Impact of Presidential Comments on Bitcoin Markets?

Statements by figures such as President Trump regarding monetary policy and interest rate expectations can sway markets by influencing investor expectations about future financial conditions, thereby impacting Bitcoin prices.

Can Bitcoin Recover to Its Previous High of $126,000?

While current market trends indicate challenges, analysts believe that key economic developments and renewed investor interest could potentially drive Bitcoin back towards previous highs if favorable conditions align.

Is a ‘Crypto Winter’ on the Horizon for Bitcoin?

Experts suggest that while the market remains volatile, maintaining Bitcoin’s price above critical levels should avert a full-blown ‘crypto winter.’ However, ongoing market monitoring is essential to navigate potential risks.

-- Price

On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.

2025 Full Year and Fourth Quarter Financial and Operational Highlights

• Financial Performance:

Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.

Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.

Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.

• Mining Operations and Costs:

A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.

The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;

The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.

As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.

• Strategic Progress:

The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.

CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."

"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."

The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."

Fourth Quarter 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.

Operating Costs and Expenses

The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.

This includes:

· Cost of Revenue (excluding depreciation): $1.553 billion

· Cost of Revenue (depreciation): $38.1 million

· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)

· Mining Machine Impairment Loss: $81.4 million

· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million

Profit Situation

The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.

The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.

The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.

Full Year 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.

Operating Costs and Expenses

The total annual operating costs and expenses amount to $1.1 billion.

Specifically, they include:

· Revenue Cost (excluding depreciation): $543.3 million

· Revenue Cost (depreciation): $116.6 million

· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)

· Miner Impairment Loss: $338.3 million

· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million

Profitability

The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.

The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.

Financial Position

As of December 31, 2025, the company's key assets and liabilities are as follows:

· Cash and Cash Equivalents: $41.2 million

· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million

· Miner Net Value: $248.7 million

· Long-Term Debt (related party): $557.6 million

In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.

Stock Repurchase

As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

The US AI Startup Is Loving China's Open Source Model

80% of US AI Startups Are Using Chinese Open Source Models

Three Weeks of the US-Iran War: Who's Making Money, Who's Paying the Bill?

Global Losing 10 Million Barrels of Oil Each Day, Russia Earns Over $800 Million in Just Over Two Weeks

Interpreting Polymarket's Major Update Last Night: Fee Expansion, Self-Regulation, and New Incentives

Although there is no information about a token airdrop, the overall community sentiment is optimistic. The real good news is to rhythmically control the positive promotion.

From Human Application to Intelligent Collaboration: How GOAT Network Builds the Next Generation Digital Economy

Embracing the Era of Super Individuals: GOAT Network launches Bitcoin-secured Layer 2 exclusive infrastructure, fully empowering AI entities to usher in a new era of fully automated digital economy.

CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States

CZ connects with the DC Blockchain Summit: The prison memoir is about to be published, harshly criticizing the inaccuracies of traditional media reports, and pointing out that if the U.S. wants to become the "global crypto capital," it urgently needs to introduce more sufficient market competition t...

Morning Report | Strategy increased its holdings by 1,031 bitcoins last week; Katana Blockchain acquires IDEX; NYSE completes rule change to eliminate trading limits on crypto ETF options

Overview of Important Market Events on March 23

WEEX P2P now supports JOD, USD & EUR—Merchant Recruitment Now Open

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Jordanian Dinar (JOD), United States Dollar (USD ) and Euro (EUR) are now available on WEEX P2P!

Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns

From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...

Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy

AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.

Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis

Zuckerberg is building an AI agent to help him as CEO

Zuckerberg is reported to be personally developing a "CEO proxy" to accelerate information acquisition and reduce management layers.