Bitcoin’s Perfect Storm: $80B Crash Meets 13-Year-Old Ghost Wallets & a $170K Prophecy

 

Hello! The Bitcoin market is having a day full of price fluctuations and institutional developments. The main themes: a price crash to the $88,000-$90,000 range, bullish forecasts from major banks, and movements from old wallets. Below is a summary of the most important news. Sources are compiled from current web searches.

 

1. Bitcoin Price Crashes to $88,000: Market Loses $80 Billion

Bitcoin fell over 4% in the last 24 hours, sliding to the $88,000 level. This is the weekly low and represents a 30% drop from the October peak of $125,000.

· Cause: Large outflows from ETFs (approximately $500 million liquidated), decreased risk appetite, and weakening expectations for a Fed rate cut. Market capitalization eroded by $80 billion.

· Ethereum also fell 4.6%, approaching $3,000.

2. **JPMorgan: Bitcoin Could Rise to $170,000 (Gold Model)**

JPMorgan forecasts that Bitcoin could reach $170,000 within the next 6-12 months based on a volatility model linked to gold. They maintain a bullish stance despite the price crash.

· Analysis: Bitcoin’s role as “digital gold” is strengthening, but short-term pressures may persist.

3. ChatGPT Prediction: Year-End Bitcoin at $85,000-$90,000

The AI model ChatGPT, based on technical indicators, calculated that Bitcoin will close the year between $85,000 and $90,000. Short-term pressure may continue, but an oversold condition signals a potential recovery.

4. Satoshi-Era Wallets Awaken: 2,000 BTC Moved

Two early Bitcoin wallets that had been dormant for 13-14 years (totaling 2,000 BTC, worth ~$178 million) were activated. The low-fee transfers sparked speculation about key recovery or inheritance.

· Market Impact: May create short-term supply pressure, but increased liquidity is positive in the long term.

5. Kevin O’Leary: Most Altcoins Are “Obsolete”

Shark Tank star Kevin O’Leary labeled most altcoins as “poopoo coins” and stated that only Bitcoin and Ethereum will survive. Regulatory pressure is finishing off altcoins.

6. Institutional Moves: Canadian Bank Buys MicroStrategy Shares

The National Bank of Canada purchased 1.47 million MicroStrategy shares (~$273 million), making an indirect investment in Bitcoin. Meanwhile, BlackRock’s Bitcoin ETF is approaching $100 billion in inflows.

7. **DeFi and TVL Decline: $55 Billion Loss**

The Total Value Locked (TVL) in DeFi decreased by $55 billion in Q4 2025, falling to $123 billion. Layer 2 networks (Arbitrum, Base) are growing with $39 billion in TVL, but overall market pressure continues.

 

• Market Overview

 

· Current Price: ~$89,500 (down 2-3% in 24h).

· Volume: $39 billion (moderate level, high volatility).

· Forecast: The Fed’s potential December rate cut (90% probability) could trigger a recovery, but BOJ rate hikes and liquidations pose risks. The long-term bullish scenario dominates ($170K target).

 

Leave a comment for more details! This news is based on current sources; the market can change rapidly. DYOR