Bitcoin Must Close Above $93,389 by Year-End 2025 for Positive Returns, Galaxy Research Warns

COINOTAG News, December 27th, discusses in-depth commentary by Galaxy Research Head Alex Thorn via X. Thorn notes that for Bitcoin to generate positive returns in 2025, the price must close above $93,389 on the year-end close. With sentiment muted, an initial reappraisal by some portfolio managers could unfold in early 2026, though this remains subject to macro signals and technicals.

Despite a tepid year-end, the US Bitcoin ETP has shown greater stability, with inflows peaking at around $62 billion in October and then retreating only 9%, underscoring asset-class maturation. Galaxy adds that a gold-like depreciation hedge narrative for Bitcoin may be plausible as allocations shift among large asset allocators and central banks.