Ki Young Ju, the CEO of CryptoQuant, has recently highlighted an important factor that could influence Bitcoin’s price movements as we approach the end of 2025.
In a recent tweet, Ki Young Ju pointed out that Jim Cramer, host of CNBC’s Mad Money, is entirely pessimistic about Bitcoin. He shared a chart illustrating Cramer’s negative outlook on the cryptocurrency.
BREAKING: Jim Cramer is 100% bearish on Bitcoin.
Merry Christmas 🎄 pic.twitter.com/qDr2Yx2U8X
— Ki Young Ju (@ki_young_ju) December 24, 2025
This observation holds weight since Jim Cramer has gained notoriety in investment communities for his views on cryptocurrencies; many investors consider his opinions to be contrarian signals.
For example, back in late September, he advised followers to “Buy crypto.” Following this advice, Bitcoin soared to an all-time high exceeding $126,000 in early October but subsequently plummeted to around $80,000 within weeks.
This year marks Bitcoin’s fourth annual decline in its history and notably the first time it has occurred without being linked to a significant scandal or industry crisis.
As of now, Bitcoin is trading slightly higher by 0.34% over the past day at $87,327. However, it remains approximately 7% lower compared to its value at the beginning of this year.
The market continues to face challenges as it attempts to recover from October’s downturn; trading volumes are low and retail investor interest appears diminished. U.S.-listed spot Bitcoin exchange-traded funds have shifted into net selling territory during Q4—removing a crucial source of demand that previously fueled market rallies.
Since October 10th alone, investors have withdrawn over $5.2 billion from these U.S.-listed spot Bitcoin ETFs.
Is a Santa Rally Ahead?
Despite current stagnation within cryptocurrency markets, there remains optimism among investors for what is traditionally known as a “Santa Claus Rally,” which typically occurs during the last five trading days of one year and extends into the first two days of the next year.
In contrast with crypto markets’ performance lately stands U.S. stocks which have surged into what appears to be a classic Santa rally; Wall Street experienced relatively calm sessions leading up to Christmas with stocks reaching record highs amid indications that job market conditions are not deteriorating rapidly—bolstering expectations for an economic soft landing.
Crypto traders remain vigilant for any indicators regarding future market directions while monitoring an options expiry worth more than $23 billion; however thin liquidity due to holiday seasons continues impacting overall market activity.