Bitcoin Price News Summary

Date: December 16, 2025

Author: Alejandro Arrieche

Market Overview

The cryptocurrency market is currently facing significant volatility, with Bitcoin (BTC) experiencing a 2% drop, bringing it back to a crucial horizontal support level. This decline has led to a spike in long liquidations, amounting to approximately $600 million. The market is bracing for a series of job reports that could influence future price movements.

Key Metrics and Analysis

• Open interest in Bitcoin futures has fallen to its lowest level since April, a period that marked a market bottom.
• The percentage of Bitcoin investors currently at a loss has reached a 24-month high.
• Bitcoin must maintain a price above $85,000 to prevent a potential drop to $76,000.

Job Reports Impact

The upcoming non-farm payrolls report for October is particularly significant, with expectations of 55,000 new jobs created. A repeat of the previous month's surprise, which saw 119,000 jobs added, could provide a boost to the crypto market, suggesting that the Federal Reserve's dovish policies are positively impacting economic growth.

Open Interest Insights

According to Glassnode, the open interest for BTC futures has dipped below its lower band, indicating that traders are hesitant to re-enter the market following the October 10 flash crash. Historically, similar low open interest levels have preceded market recoveries, as seen in April and August 2024, when BTC prices rebounded significantly after hitting local lows.

Investor Sentiment

The current market sentiment is characterized by a significant number of investors sitting on losses, with only about 67% of investors currently in profit. This situation is attributed to a wave of buying during the market's peak at $126,000, leading to increased selling pressure as those who bought at higher prices capitulate.

Price Outlook

Bitcoin has found temporary support at $85,000, having tested this level multiple times in the past month. The cryptocurrency is on the verge of breaking out of a descending price channel, which could signal a recovery phase. However, unless Bitcoin breaks above $100,000, it may remain range-bound between $85,000 and $100,000. A bearish breakout below $85,000 could lead to a deeper correction towards $76,000, while a bullish breakout above $100,000 could trigger a rally towards new all-time highs.

Conclusion

In summary, Bitcoin's current price action is heavily influenced by market sentiment, open interest metrics, and upcoming economic data. Traders should remain vigilant as the market navigates through this period of uncertainty, with potential for both recovery and further declines.