Bitcoin is holding steady near $85,000, aligning with the average cost of U.S. spot ETFs, which has brought ETF trading into a breakeven zone. Despite a promising outlook for cryptocurrency adoption in 2025, Bitcoin is underperforming compared to altcoins like Solana, which attracted $741 million in inflows in December, while Bitcoin ETFs experienced outflows of $300 million. On-chain data indicates continued selling pressure from both long- and short-term holders, with weak U.S. demand making the $85,000 level susceptible to further declines. The potential for ETF holders to sell off assets if prices drop further could lead to a more significant market correction.