Bitcoin may be able to build a base around $65,000, an analysis said, as much of the selling pressure has been absorbed after short-term speculative funds left the market. Fidelity Investments\' Jurrien Timmer called the current price action technically interesting and pointed to $65,000 as strong support. He said markets are pricing in a possible resolution to tensions involving Iran, while warning that a worst-case hit to Gulf energy infrastructure could amplify shocks.

Bitcoin is declining even as global liquidity expands quickly, blockchain outlet BeInCrypto reported. Global money supply reached a record $144 trillion in December 2025, up $13.6 trillion, or 10.4 percent, from a year earlier. Gold is rising, and Fidelity\'s Jurrien Timmer said buyers return quickly after short-term pullbacks. He said bitcoin has stronger speculative characteristics and does not rise on liquidity growth alone, and that speculative demand remains weak.