CZ's Christmas Insight: Bitcoin Dips Below $90K Amid 'Perfect' Buys

On Christmas Day 2025, Bitcoin's price slipped below the $90,000 mark, prompting a revealing message from Binance founder Changpeng Zhao. The crypto market experienced a notable dip, with Bitcoin trading at $89,750, down 3.5% in the last 24 hours. Zhao's message highlighted the timing of these 'perfect' Bitcoin buys, suggesting that savvy investors often capitalize on such market movements.

Price Action Details

Bitcoin's current price stands at $89,750, reflecting a 24-hour drop of 3.5%, a 7-day decline of 5.2%, and a 30-day decrease of 8.1%. Key support levels are currently at $85,000 and $80,000, with resistance at $92,000 and $95,000. The trading volume for the past 24 hours was approximately $45 billion, surpassing the average daily volume of $38 billion by 18.5%. This price movement resulted in a market cap reduction of $65 billion, bringing Bitcoin's total market cap to $1.7 trillion.

Driving Factors

The recent dip in Bitcoin's price can be attributed to a combination of factors, including profit-taking after a prolonged bullish run and regulatory uncertainty in several key markets. On-chain data from CoinGecko shows a significant increase in the number of large transactions, with over 1,000 transactions exceeding $1 million in the last 24 hours, indicating potential whale activity. Additionally, the announcement of new regulatory measures in the European Union added to the market's volatility. Zhao's timely message underscores the strategic buying opportunities that arise during such downturns.

Broader Market Context

Compared to Bitcoin, Ethereum experienced a slightly milder dip, with its price at $3,200, down 2.8% over the same period. The DeFi sector, as tracked by DefiLlama, saw a total value locked (TVL) decrease of 4.5% to $102 billion, reflecting the broader market's sentiment. The NFT market, however, showed resilience with a trading volume of $250 million in the past week, according to OpenSea. The Fear & Greed Index currently stands at 45, indicating a market shift towards fear. Analyst Michael van de Poppe from Eight suggests that this dip could be a healthy correction before the next bullish phase.

Changpeng Zhao's Christmas message not only provided insight into the timing of 'perfect' Bitcoin buys but also highlighted the broader market dynamics at play. As investors navigate these fluctuations, Zhao's observations serve as a reminder of the strategic opportunities that market dips can present.