Bitwise Declares Bitcoin Enters Stable Market Phase

Bitwise said on Dec. 19, 2025 that Bitcoin has entered a new, less leverage-driven market phase as ETFs, institutions, and regulators dampen volatility. The firm noted ETFs have bought 710,777 BTC versus 363,047 BTC newly issued, and Bitcoin traded near $88,000 amid calmer corrections. Bitwise predicted ETFs could buy more than new crypto supply in 2026, reshaping liquidity dynamics.
Key Points
- 1Identifies Bitcoin's transition to a less leverage-driven, lower-volatility market phase
- 2Attributes reduced boom-bust cycles to ETFs, institutional access, and increased regulatory oversight
- 3Implies ETFs' purchasing power could exceed new crypto supply, altering liquidity dynamics
Scoring Rationale
Provides firm-backed market analysis and ETF supply projections, but relies on a single-source industry prediction.
Sources
Public references used for this report.
Practice with real FinTech & Trading data
90 SQL & Python problems · 15 industry datasets
250 free problems · No credit card
See all FinTech & Trading problems

