After the turbulent shocks in October and November 2025, Bitcoin has been consolidating in the $85,000 to $90,000 range for several weeks. Analysts point out that the market still lacks clear bullish catalysts, and Bitcoin’s sideways movement may continue.
Gerry O’Shea, Head of Global Market Insights at Hashdex, stated: “Although in the coming weeks, shifts in U.S. monetary policy or progress on Congress’s cryptocurrency legislation could bring some positives, at this stage, Bitcoin remains in a range-bound pattern.”
Jim Ferraioli, Director of Cryptocurrency Research and Strategy at the Center for Financial Research under Charles Schwab, also holds a relatively conservative view. He noted that Schwab does not set specific Bitcoin price targets, but overall, 2026 still has the potential to be an active year. However, from the perspective of the cryptocurrency market, this year might be relatively “boring.”
Jim Ferraioli further analyzed that this correction is not only significant but also an essential step toward asset maturity: “Looking back at the November 2022 lows, Bitcoin surged to the all-time high of $126,000 last October, increasing 8-fold in three years. The market is now in a digestion phase, requiring time to absorb this huge rally.”
ETF Spotlight: Institutional Giants Still on the Sidelines
It is worth noting that the market structure has quietly changed. In the months following the all-time high, on-chain activity significantly cooled down, replaced by ETF capital flows becoming the dominant force influencing prices.
Jim Ferraioli pointed out: “With trading fees low, long-term holders taking profits, and Bitcoin balances on exchanges dropping to lows, the current market trend is entirely driven by ETF capital flows.”
While this structural shift makes investing in Bitcoin more accessible, it may also distort short-term market signals. Jim Ferraioli added:
The truly large institutional players have not yet fully entered the market. Once relevant legislation is enacted, it could push Bitcoin prices higher.
“Crypto Winter” Incoming?
Hyunsu Jung, CEO of Hyperion DeFi, noted that Bitcoin’s narrative logic is changing. As the ETF capital influx recedes since the beginning of the year, digital assets appear less attractive compared to other asset classes. Without a new wave of institutional funds or a shift in the overall economy (such as rate cuts), he expects Bitcoin to remain in a “sideways consolidation.”
Will Reeves, CEO of fintech company Fold, expressed a more straightforward view, believing this is purely a matter of “supply and demand cycle”:
Bitcoin is currently severely undervalued, and the market is waiting for selling pressure to subside and for a new wave of buying to come in.
As for whether the market has entered a new “crypto winter,” opinions still vary. Jim Ferraioli said: “According to traditional definitions, Bitcoin is undoubtedly in a bear market. But considering Bitcoin’s high volatility, a 30% correction is not uncommon.”
Although Bitcoin and the US stock market are always somewhat correlated, Bitcoin still has its own drivers: money supply, a deflationary supply growth mechanism, and most importantly, adoption rate. Whether the adoption rate can break through remains the biggest question this year.
MICA Daily｜Market bets on worsening Middle East tensions, beware of weekend market turbulence
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Cardano Price Near Key Pivot as Macro Liquidity Signals Shift
Key Insights
Analyst Dan Gambardello links Cardano’s monthly RSI reset and macro liquidity cycles to conditions that previously preceded ADA’s explosive 2020–2021 rally.
ADA trades near $0.26 while the $0.288 moving average forms resistance, and the $0.24 to $0.25 zone continues acting as
CryptoFrontNews3m ago
The United States releases 172 million barrels of strategic oil! Iran warns oil prices could rise to $200
The U.S. Secretary of Energy announced plans to coordinate the release of 400 million barrels of oil to counter Iran's threats, with the release of 172 million barrels being the largest in history. Market reactions to this move are uncertain, and oil prices remain affected by the security situation in the Strait of Hormuz. At the same time, oil price fluctuations will impact the Bitcoin market, potentially increasing inflationary pressures and limiting liquidity. The United States plans to replenish the released oil within a year, which should not have a long-term impact on energy security.
MarketWhisper12m ago
Crude oil and gold volatility indices hit new highs in 2021, with bullish sentiment dominating the crypto options market.
On March 12th, Gate Research Institute noted that the volatility of traditional assets such as gold and crude oil reached new highs, at 33% and 108% respectively. In the crypto assets sector, the implied volatility of BTC and ETH is also high. Recently, the market has been dominated by put options, but the demand for hedging has weakened, and short-term price fluctuations may be influenced by Gamma effects. Gate has also launched gold and crude oil options, marking the first introduction of traditional assets.
GateNews15m ago
21Shares Analyst: BTC May Fluctuate Between $68,000 and $74,000 in the Short Term
21Shares strategist Matt Mena pointed out that March CPI data has been absorbed by the market. In the short term, BTC is expected to fluctuate between $68,000 and $74,000. After breaking above $75,000, it may enter the $75,000 to $80,000 range. Historically, BTC often rebounds more than 15% after geopolitical shocks, and a restart of rate cuts could accelerate the recovery.
GateNews58m ago
10x Research: Model triggered the most altcoin buy signals since October last year
Gate News Report, March 12 — Market analysis firm 10x Research stated on the X platform that its model has triggered the most altcoin buy signals since October of last year. Although the overall sentiment in the crypto market remains weak and trading volume is near lows, the technical momentum of some altcoins is improving and aligns with fundamental catalysts.
GateNews1h ago
Analyst: Bitcoin's current support level is $62,791, and resistance level is $71,840.
Gate News Report, March 12, According to analyst @alicharts, Bitcoin's current support level is at $62,791, and resistance is at $71,840. The analyst stated that only a clear breakout in either direction can determine the next trend.
GateNews1h ago
