#Bitcoin BTC Price News Today 23-12-2025 - Elliott Wave and technical analysis of Bitcoin (BTC), focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of approximately 09:30 AM UTC on December 23, 2025, the Bitcoin (BTC) price is trading around $87,434 USD, a decline of approximately 2.4% over the last 24 hours. Bitcoin also briefly touched nearly $89,000 earlier today before falling back to the $88,000 mark.
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Recent News & Market Drivers
Institutional Outflows: The recent price decline follows significant institutional withdrawals from crypto funds, including $460 million from Bitcoin alone, the first net outflow in four weeks. This included $142 million leaving Bitcoin spot ETFs on December 22.
Bearish Sentiment: Regulatory concerns and a large, multi-million dollar leveraged short position from a major investor are adding to the selling pressure and contributing to a "fear" sentiment in the market.
Key Levels: The market is watching the $87.5K level as a critical support point. A sustained break below this could signal further declines, while holding it might indicate a potential rebound.
Broader Market: The overall cryptocurrency market capitalization has declined by 2.4% in the last 24 hours, with most major assets in the red. However, U.S. spot Ethereum ETFs experienced net inflows, suggesting some capital rotation within the crypto market.
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