BITCOIN LOGS LONGEST LOSING STREAK SINCE 2024

Summary from the TLDR Crypto newsletter

Bitcoin tracked its fourth consecutive weekly loss, marking the longest downtrend since June 2024. Q4 2025 looked like its worst quarterly performance since 2018 at -24% despite bouncing 6% from the November 21 low of $82,100 to $87,400. The aggregate spot bid-ask delta at 10% depth spiked to 2025's second-highest level, indicating dip-buying activity, while Federal Reserve rate cut odds surged from 40% to 70% last week. There is a potential bull trap with options traders loading puts in the $80,000-$85,000 range, meaning Bitcoin could briefly slip to mid-to-high $70,000s before recovering to $90,000 by year-end if the Fed avoids hawkish tone. Recovery to $100,000 is expected by Q1 2026.