On December 28, 2025, economist Peter Schiff warned Bitcoin may face a rapid downside as silver surged, signaling a potential rotation toward hard assets. The BTC–silver ratio has swung decisively, with silver up roughly 190% relative to BTC in four months. Silver also pushed beyond $79 per ounce in a near-vertical move of about ninety minutes.

On 28 December 2025, Michael Saylor posted a "Back to Orange" message that many observers read as a possible hint of renewed Bitcoin accumulation by Strategy. The brief update did not include any confirmation of new purchases or transaction details but revived debate over the firm's long-term approach. With Bitcoin consolidating in the high-$80,000 range and key indicators such as RSI and MACD showing cooling momentum, some traders see the current setup as consistent with Strategy's historically conviction-driven buying phases.

On December 28, Bitcoin advanced 0.5% over the last 24 hours and was quoted at $87,924 at press time. Short‑term structure leans bullish, with a potential move toward the $88,500 area if momentum holds, while higher time frames still point to range‑bound trading and low volume. Early 2026 is not expected to bring sharp swings.

Since 2015, Bitcoin has surged 27,701%, versus silver's 405% and gold's 283%, according to analyst Adam Livingston. The debate intensified as Peter Schiff urged a four-year lens, Matt Golliher cited production-cost convergence, and TradingView reported 2025 all-time highs for gold (~$4,533) and silver (~$80) amid a near 10% DXY slide cited by Ethan Ralph.

On December 28, 2025, Glassnode's CryptoVizArt reported Bitcoin's realized loss volume has risen to about $300 million per day. Data show short-term holders' cost basis is $99,900, the true market mean is $81,100 with spot around $87,800, while CryptoQuant's SOPR at 0.99 signals investors are selling at a slight loss.

Samson Mow, Bitcoin maximalist and CEO of JAN3, described 2025 as a bearish year for BTC after it ended below $90,000 despite having set a new all-time high of $126,000 earlier. He now expects a decade-long bull market to begin as Bitcoin closes the year around $87,500, slightly under its starting level above $93,000. While some analysts foresee scenarios ranging from a bullish reversal to a drop toward $60,000 in 2026, bulls and bears are both positioning for control of the market in the coming year.

In 2025, major U.S. stock indices posted double-digit gains while gold and silver hit multiple record highs, yet many cryptocurrencies are set to finish the year negative. According to analysts at the Kobeissi Letter, 2026 could be even stronger for investors amid further Fed rate cuts, mass deregulation and an AI investment boom, with Trump advocating 1% interest rates and stimulus checks. If these macro trends persist and borrowing costs fall, risk-on assets such as bitcoin and altcoins could see renewed interest after their mixed performance in 2025.

Bitcoin is trading around $87,810, more than 30% below its roughly $126,000 peak from early October 2025, when a sharp downturn began after the October 10 market drop. On-chain data from CryptoQuant, highlighted by analyst Axel Adler Jr. on December 27, shows BTC has gone 1,079 days without strong selling pressure, approaching the prior record of about 1,125 days. This extended period of limited distribution suggests structural resilience, although it does not guarantee further price gains.