CryptoQuant CEO Ki Young Ju just made an important observation that will be important for Bitcoin price trends as 2025 comes to an end.
In a tweet, Ki Yong-joo pointed out that CNBC Mad Money host Jim Cramer is 100% bearish on Bitcoin. Mr. Ju shared a chart that reflects Mr. Cramer’s sentiment, which is now completely bearish.
BREAKING: Jim Cramer is 100% bearish on Bitcoin.
Merry Christmas 🎄 pic.twitter.com/qDr2Yx2U8X
— Young Judge December 24, 2025 December 24
This remains important as Jim Cramer has built a reputation in the investment world, particularly in the crypto market, with many taking his statements as indicators of contrarianism.
For example, in late September, Kramer tweeted, “Buy crypto.” Bitcoin hit a record of over $126,000 in early October, but crashed to nearly $80,000 in the following weeks.
Bitcoin is headed for the fourth annual decline in its history, and the first to not coincide with a major scandal or industry meltdown.
At the time of writing, Bitcoin was trading at $87,327, up slightly by 0.34% over the past 24 hours. Bitcoin is currently down about 7% for the year.
The market is still struggling to regain its footing after the October crash, as trading volumes remain thin and retail speculation has declined. The U.S. Spot Bitcoin ETF turned net short in the fourth quarter, losing a major source of demand that had supported its rally.
Investors have raised more than $5.2 billion from U.S.-listed spot Bitcoin ETFs since October 10.
Is Santa Rally coming?
Despite the current stagnation in the cryptocurrency market, investors are still hopeful about the Santa Claus Rally. Santa Claus rallies typically include the last five business days of the year and the first two days of a new business day.
Elsewhere, markets are sending very different signals. U.S. stocks entered a classic Santa rally as stocks hit record highs in relatively quiet pre-Christmas trading on Wall Street and there were increasing signs that the job market is not deteriorating quickly, reinforcing the view that the economy is on the verge of a soft landing.
Cryptocurrency traders continue to pay close attention to signals about where the market is headed next. More than $23 billion in options expirations have been in the spotlight, although thin liquidity during the holidays has affected market activity.
