The economist spoke about the "tense waiting" phase in the bitcoin market

Bitcoin is currently in a state of "tense expectation" — like a spring squeezed between two opposing forces: on the one hand, fatigue accumulated over the year from trade wars, outflows from ETFs and liquidations, on the other hand, deep structural support in the $80,000–84,000 zone, where the on-chain activity of large holders and historical levels of recovery after crises. Vasily Girya, the owner and CEO of GIS Mining, told Izvestia about this on December 23.

"From the point of view of technical analysis, today there is not a classic bullish or bearish trend, but a regrouping phase: trading volumes have decreased, open interest in futures is stable, and the distribution of coins among "strong hands" (addresses with a balance of > 1,000 BTC) has reached its maximum in two years," he said..

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This, according to the expert, does not indicate market weakness, but that the previous cycle has exhausted itself, and the new one has not yet received a "trigger" — and this trigger, apparently, will come not from industry news, but from a turning point in US macroeconomic policy: either from the final confirmation of a "soft landing" the US economy in the first quarter of 2026, or from a sudden acceleration of QE expectations with deteriorating labor market data. Up to this point, the bitcoin price level of $84,000 will act as a "stabilizer magnet", and $89,000 - $91,000 will act as a mirror zone from which each rebound will test the strength of bullish intentions.

If BTC holds above $87,500 in the next two weeks and manages to close the week above $90,000, this will open a short—term target of $94,500, but more importantly, it will trigger a domino effect in the options markets: a cluster of call interest is already accumulating in derivatives at $95,000 and $100,000 at the end of January. A break above the $95500 mark with volume and support from stock indexes may trigger an increased momentum in the price of the first cryptocurrency.

The global and Russian segments of the industrial mining industry continue to develop steadily. The new branch of the Russian economy is strategically important for strengthening the country's economic and financial sovereignty. Russia still holds the second place in the world in bitcoin mining.

On December 15, Girya, in an interview with Izvestia, stated that during the second week of December, the bitcoin exchange rate showed sideways dynamics in a narrow range from $87.5 thousand to $94.5 thousand. According to the expert, the fundamental factors for bitcoin remain mixed.

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