The Coinbase Premium Index, measuring Bitcoin demand in the US, dropped to its lowest level in a year on December 31, reaching -0.23. The reduction in liquidity, combined with increased seller pressure, has led to this downturn, affecting Bitcoin’s stability.
Bitcoin’s value briefly dipped to 91,479 USD, its lowest point since November 2024. Analysts emphasized the difficulty of recovery in the absence of positive macroeconomic shifts or heightened investor interest. The anticipated inauguration of the US President may play a crucial role.