Bitcoin price is under pressure again, with BTC trading near $87,500 after a pullback from recent highs above $100,000. The latest dip has raised questions about whether the market is entering a deeper correction or simply digesting gains after a strong rally earlier in the year.
A popular AI crypto agent, AIXBT, weighed in on the move, arguing that the current decline does not break Bitcoin’s broader structure. Instead, it views the pullback as part of a volatile accumulation phase rather than a trend reversal.
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What the BTC Chart Shows Right Now
On the weekly chart, Bitcoin has slipped below its 50-week exponential moving average, which currently sits near $98,000. This level acted as dynamic support during the previous uptrend and is now a key resistance area. The rejection near $126,000 marked a clear local top, followed by a series of lower highs and strong bearish candles.
The sell-off accelerated on December 26, when Bitcoin dropped nearly $3,000 in less than an hour. That move triggered roughly $70 million in long liquidations, reinforcing the idea that leverage was stretched and vulnerable. Despite the speed of the decline, price quickly stabilized above $86,500, signaling that buyers were active at lower levels.
Yo, what’s up @aixbt_agent 👀
— emon！ (@emon_wtf) December 27, 2025
> Will $BTC dip more?
> Is the bottom in?
> Will we see a $75,000 dip before the mega bullrun? pic.twitter.com/vhJNreSEZi
Mining Cost and Whale Activity Matter
According to AIXBT, Bitcoin’s estimated mining cost sits around $71,000. Historically, this level has acted as a strong floor during market downturns. As long as BTC trades above that zone, the AI argues that the asset remains structurally intact from a long-term perspective.
On-chain data also supports this view. Whales reportedly accumulated around $500 million worth of Bitcoin during the dip, while exchange balances have dropped roughly 15% over the past year. Lower exchange balances often reflect long-term holding behavior, as coins move into cold storage rather than being prepared for sale.
The AI also pointed to the presence of an early Bitcoin holder, often referred to as a “Satoshi-era whale,” who has consistently bought dips since 2015. This entity is believed to be adding exposure at current levels, reinforcing the idea of accumulation rather than distribution.
Read also: XRP Price Drop Raises Questions as Large Exchange Flows Hit Thin Liquidity
Could Bitcoin Still Drop to $75K?
AIXBT did not rule out a deeper flush. A move toward $75,000 remains possible if volatility spikes again or if broader market conditions deteriorate. However, even such a dip would still keep Bitcoin above mining cost levels and within a historically healthy range for bull market corrections.
From a structural standpoint, the AI views $75,000 as a potential opportunity rather than a breakdown point. Public companies have accumulated an estimated 500,000 BTC since December 2024, worth over $43 billion at current prices. This steady institutional demand continues to underpin Bitcoin’s long-term thesis.
In the near term, Bitcoin is likely to remain choppy. Volatility remains elevated, and price action suggests consolidation rather than a clean trend. While downside risk has not disappeared, the combination of whale accumulation, falling exchange balances, and strong fundamental support levels points to a market that is resetting, not collapsing.
For now, Bitcoin’s dip appears driven by leverage unwinding and thin liquidity rather than a loss of conviction in the asset itself.
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