The recent correction in the crypto market, with Bitcoin hovering around $90.000, has stirred up old fears of volatility, but experts warn that the rules of the game have changed radically.
The cryptocurrency market is experiencing a mixed December, marked by a correction that, after a brief price surge, has taken many retail investors by surprise. With Bitcoin showing a decline of nearly 12% in the last month and trading again above $90.000The general sentiment oscillates between caution and uncertainty.
However, behind the red charts and bearish candlesticks that also affect major assets like Ethereum, Solana, and BNB, lies a much deeper narrative suggesting that we are not facing a collapse, but rather a reconfiguration of the very structure of digital capital.
Carlos Molinillo, an engineer and key figure in blockchain education through Learning Heroes, has been emphatic in his recent statements These findings have been reported by specialized media outlets such as El Español. Molinillo has stated that the current Bitcoin decline should not be interpreted using past interpretations. According to his analysis, the massive inflow of institutional capital During the last year it has acted as a firewall preventing history from repeating itself with the same virulence as previous cycles.
Trade BTC now, as experts point outThe influx of institutional capital redefines the price of Bitcoin
The major difference between 2025 and previous crypto winters lies in who owns the assets. According to Molinillo, a key factor that completely changes the current risk equation is that between 15% and 16% of the total Bitcoin supply is no longer held by scattered speculators or anonymous crypto whales. Instead, these bitcoins are in the portfolios of giant investment funds, corporations, and financial institutions that entered the market after the historic US approval of spot ETFs.
According to the expert, this change of hands This has direct implications for the price action of the cryptocurrency, considering that financial institutions do not operate with the impulsiveness of the retail investor; since their positions are strategic, calculated and, above all, defended.
Molinillo pointed to the average entry price of these institutional players into the crypto market as the critical range, which is between $70.000 and $80.000. For him, this range is not just a number on a chart, but a vital defense zone.
From an institutional risk management perspective, allowing Bitcoin to fall significantly below its cost price would mean reporting massive losses in quarterly balance sheets, something these managers will actively avoid through new purchases or portfolio rebalancing, the expert indicated.
Source: CoinGecko
Historically, crypto whales liquidated positions to drive out new entrants and buy back assets at lower prices. Today, the volume handled by institutions is so colossal that this "sweeping" strategy becomes ineffective against them. Molinillo asserted that these institutional investors are not tourists in the market, but rather They are the new owners of the land and that its capacity to withstand stress is infinitely superior to that of the individual investor.
Cryptocurrencies are not keeping pace with the economic recovery this year
As the year draws to a close, experts highlight a rather peculiar situation, due to the disconnect between global economic indicators and the evolution of digital prices. While US economic figures reflect solid job growth and a clear trend toward lower interest rates—conditions that typically boost risk assets—cryptocurrencies are exhibiting the opposite behavior. This contrast has been defined by Molinillo as a “very interesting divergence”.
Although the economy seems to favor an environment of greater liquidity and optimism in traditional markets, cryptocurrencies are going through a broad correction that does not seem to respect these external impulses.
The recent drop in Bitcoin, which had recovered to around $94.000 last week, is also affecting other established cryptocurrencies such as Ethereum, Solana, and XRP, and even tokens like BNB, HYPE, and DOGE. However, Molinillo and other experts interpret this dip as temporary within the current positive economic outlook. In other words, the recent drop experienced by Bitcoin and other cryptocurrencies is considered a "passing anomaly" that should soon reverse.
In a context of more accessible money and sustained economic growth, experts expect that digital assets will resume their upward trend at some point soon.
Enter the new crypto market cycle: click hereA different cycle: greater maturity, less panic, and new opportunities
The consensus among crypto specialists, including Molinillo, indicates that a drastic and prolonged market crash is unlikely, despite the pessimism of some analysts and investors. The significant influx of Institutional capital functions as a stabilizer, indicating that the market is going through a process of consolidation and maturation rather than a deep crisis.
Therefore, experts believe that a severe collapse in cryptocurrency prices is unlikely, especially since large investors entered the market at a time when many consider the price to be high or mature. This implies that current movements are more closely linked to tactical adjustments and the adoption of new strategies within the market.
Molinillo concluded that this cycle is distinguished by the need to adopt a new perspective and that attention should now be directed to the activity and motivations of the main investment firms that have joined the crypto ecosystem, since their role is crucial to understanding where the market is headed.
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