Bitcoin Falls 20% Over 3 Months as Year-Over-Year Loss Hits 10%, says Analysts

• Bitcoin trades near $87,700 as weak RSI and slowing momentum raise downside risk.
• ETF outflows hit $175M as institutions reduce exposure and market confidence fades.
• On-chain data shows weak support below $80K while gold and silver attract capital.

Bitcoin (BTC) is trading close to $88,382 as of press time and is up by 1.66% over the past day. Although the price has been stable so far, increasing technical pressure and the diminishing institutional demand are still defining the near-term sentiment.

BTC is still far from the $94,600 it reached in December. The decline has not resulted in panic selling, although buyers have had little conviction at higher levels. It was unclear whether the new trend would emerge at some point. Market participants see the current phase as consolidation rather than fresh-appearing strength.

Bitcoin RSI Drops as Price Consolidates

CryptoQuant analyst Axel Adler Jr. highlighted that Bitcoin’s Relative Strength Index is currently at 43.67. This reading is well below the 12-month average of 67.3 and also under the four-year average of 58.7.

Recent performance points to a more widespread slowing down. Bitcoin has dropped about 20% over the last 3 months. It’s down about 10% from a year earlier, an indication that the earlier rally has stalled.

Adler notes that when the monthly RSI declines to a level below its long-term moving average, short-term corrections transform into extended bearish periods. This recent reading of Bitcoin puts it near that risk zone.

The price action this week indicates market indecision. Earlier this week, it tested the psychological $90,000 level before settling back below that level. The price fell a bit on Tuesday before settling near $87,000 on Wednesday.

Analysts say that if the selling pressure returns, the next key support is around $85,569. A consistent move below that level may gain further downside.

Also Read: Bitcoin’s 4-Year Cycle Is Dead: How $88K Signals the $619K Supercycle

According to SoSoValue data, spot Bitcoin exchange-traded funds registered a net outflow of $175.29 million on Wednesday. It was the fifth straight day of outflows since December 18.

Source: SoSoValue

ETF Outflows and On-Chain Gaps Add Pressure on Bitcoin

Sustained outflows at ETFs can often signal waning confidence from the market’s biggest players. It looks like institutions are de-risking rather than positioning for a bounce. Further withdrawals could put pressure on price stability in the weeks ahead.

Glassnode highlighted the UTXO Realized Price Distribution Track, where the current Bitcoin supply was last moved. Data indicates that there is very little supply concentration between the $70,000 to $80,000 level.

Source: Glassnode

Throughout the year 2025, investors have increasingly shifted their focus to conventional hard assets. Gold and Silver have recorded good rallies, and capital has been diverted out of risk assets.

Silver has skyrocketed to about $72 per ounce, a gain of about 148%, raising its market capitalization to more than $4 trillion. Gold has risen by almost 70% and is on track for one of its best years in history, overshadowing Bitcoin as investor sentiments change.

Also Read: Zcash Price Analysis: ZEC Eyes $662 Retest After Major Whale Withdrawal