Bitcoin surpasses $90,000, has the Santa Rally begun?
Today, on October 29, Bitcoin has crossed $90,000 with an increase of more than 2.5%. Is this rise seen on the first day of the last week of 2025 a sign of the start of the Santa Rally 2025? Or is it just indicating a short-term increase?
Source: CMC
Volume increased by over 70%
The increase seen in Bitcoin does not seem to be the result of any whale activity. Because along with the price increase, there has been a significant surge of 70% in trading volume, indicating increased interest from large traders. While gold and silver continue to set new all-time highs, many experts consider $BTC to be undervalued. The increase in investor interest in this largest cryptocurrency could be in search of better return possibilities.
Improvement in Investor Sentiment
Source: CMC
The CMC Crypto Fear and Greed Index is a key indicator showing investor sentiment in the market. It has now improved to 30, indicating that the market has come out of the extreme fear condition. This positive change in market sentiment signals the return of retail investors.
Institutional investors are giving mixed signals
Although there are signals of retail investors returning to the crypto market, institutional investors are still giving mixed signals. On one hand, the CEO of the largest Bitcoin holder company, Strategy's Michael Saylor, has once again indicated buying $BTC through an X Post.
Source: X Post
On the other hand, according to the data received from Sosovalue, there has been a net outflow of $275.88 Million in the $BTC Spot ETF. It is clear that large institutional investors still have faith in Bitcoin, but the outflow of traditional capital is still ongoing, with over 1 Billion already outflowed as of December 2025.
However, due to the holidays in the last week of the year, the impact of institutional investors is less observed. This is why experts believe that the increase in Bitcoin seen today could be the start of the Santa Rally in 2025.
Is this the start of the Santa Rally in 2025?
In the last week of the year, Santa Rally is often seen due to annual bonus investments, positive sentiment, and a lack of liquidity, influenced by retail investors. Today, on December 29, with Bitcoin Price going above $90,000, discussions about Santa Rally 2025 among investors have intensified.
However, at the beginning of last week, the bulls had also attempted a breakout at $90,000, but then the price fell back into the range of $86,000 to $88,000. In such a scenario, confirming the start of a Santa Rally in 2025 would be a bit premature.
Bitcoin Price Prediction, what is the next target for $BTC
If this rally seen in the largest cryptocurrency today holds and the Santa Rally 2025 comes to the crypto market, then $BTC could break out from the $90,000 resistance level. In such a case, the next resistance will be at $92,000 and $94,000, from where it could rapidly rise to $98,000.
However, if it fails to break $90,000, it could put a halt to the prospects of a Santa Rally in 2025. If this happens, it is likely to trade between $86,000 and $88,000 in the last week of 2025.
Disclaimer: This article is written for educational purposes. The crypto market is volatile; be sure to do your research before any investment.
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