Bitcoin reaches break-even level

Bitcoin BTC $90,513.79 Mezo Wrapped BTC -0.06% Market capitalization $51.36 million VOL. 24 hours $0.28 billion has lost 28% of its October high, dropping to a close to critical cost point for US spot ETFs. According to Glassnode, this level has repeatedly become a rebound point after major market corrections in 2024 and early 2025. Despite the price decline, analysts believe that the current zone between $ 83,000 and $ 90,000 may form new support for the market.

As of early December, US Bitcoin ETFs held assets worth $ 117.67 billion, which is about 6.55% of the total supply of cryptocurrency. The aggregate average purchase price of these funds is about $ 83,000, and it is this price that is currently acting as a key support level. The price of Bitcoin is currently around $ 89,900, having recovered from a short-term drop to $ 84,600 at the beginning of the month.

According to the SoSoValue platform, there were negative net inflows to Bitcoin-ETFs in December, which may indicate a short-term loss of institutional interest. However, Shivam Thakral, CEO of BuyUCoin, believes that «Bitcoin is in a zone of strong support from ETFs and on-demand data, where historically the risk-return ratio has tilted in favor of growth.» He added that further market movements will depend on the resumption of fund inflows and the stability of macroeconomic conditions.

Investors remain focused on the meeting of the US Federal Open Market Committee (FOMC) scheduled for Wednesday, where the rate is expected to be cut by 0.25%. The market is already pricing in the likelihood of this decision, but the future course of monetary policy remains uncertain. If the Fed hints at the possibility of another rate cut by June, it could support demand for risky assets, including Bitcoin.

According to Mark Pilipchuk, a representative of CF Benchmarks (a division of Kraken), «if the Fed shows a willingness to ease policy further, it will create room for growth.» Instead, any signs of a tougher tone in the regulator’s rhetoric may reduce the likelihood of a recovery in Bitcoin, which is currently balancing on the edge of technical support for the ETF.