📉 📉 📉 Bitcoin peaked near $126,200 in October 2025, then plunged ~$12,000, triggering over $19B in liquidations. It finished the year near $87,000, leaving most $150k–$250k forecasts unmet.

Despite the pullback, analysts note that institutional demand remained strong, with long-term holders shifting from selling to net accumulation, and Bitcoin ETFs continuing to see inflows, signaling that the market may be setting up for the next bullish cycle in 2026.