We are in the last month of the year. Let’s be honest: 2025 will go down in financial history as the “Great Altcoin Massacre.” At the end of 2024, while everyone was expecting a “Mega Bull,” all we’re left with this year is Bitcoin dominance and an altcoin market that’s turned into a graveyard. So, what happens now? My Sunday night notes and mid-term targets are below.

CRYPTO (BTC & ETH)

Throughout 2025, we saw that liquidity flowed not to “utility” (functional) projects but only to BTC and periodic hypes. $BTC We are at a real decision zone right now. As long as $88,500 support (which became the year’s most critical “fortress” level) holds, the direction is up to $98,000 and the psychological 100K wall. But if there’s a daily close below 88K, we’ll say “winter isn’t over” and there will be a fast elevator down to the 74K range.
•$ETH The year’s biggest disappointment. The ETH/BTC pair kept melting. For ETH, the $3,200 level is the “to be or not to be” boundary. Unless it moves above and stays there, it’s impossible for altcoins to get a lifeline.

ALTCOIN MARKET

Summary of 2025: “Unlocks (unlocks) and VC sales.” Every new project seemed to have launched just to dump tokens on investors.

· Except for the old guard (Major Alts), the remaining 90% turned into trash.

• If you’re still down more than 50% in your portfolio and the project team hasn’t pushed code to GitHub since mid-2025, it’s time to say goodbye. Only projects that “have a story” and a “live community” (Meme or RWA/AI focused) can catch a breath at the start of 2026.

NASDAQ

With interest rate cuts, Nasdaq is testing 21,000 points. Despite the bubble fears in tech stocks, the trend is “Long.” The year-end rally (Santa Rally) is still on the table. Correlation with crypto has broken; while they soared, we stood still—this stemmed from crypto’s own internal issues (regulation and trust).

GOLD & SILVER

While digital gold (BTC) stumbled, physical gold said, “I’m here.”

• Gold Ounce: As long as it stays above $2,850, the target is $3,000 and beyond. As war drums beat, the safe haven works.
• Silver: $34 is a critical resistance. If it breaks this, a much sharper (aggressive) run to $40 begins than gold. Patience is key.

BIST 100

The index couldn’t break out of the 11,500 - 12,000 range to the upside. The appeal of deposit rates will continue to weigh on the stock market throughout 2025.

• Expectation: Without a weekly close above 12,200, a “new peak” is a dream. Until that happens, venturing outside BIST 30 is like walking in a minefield. By sector; Energy and Retail remain defensive.

2025 exhausted us and drained our wallets. Those dreams of “0” in altcoins have been replaced by “I just hope I can recover my money.”
If you’re in cash right now, you’re king; don’t rush—markets will choose their direction in the first quarter of 2026.

If you’re stuck; stick to your stop-losses, don’t make the mistake of averaging down on “dead projects.”
The night is long, we’re watching. Have a good week, everyone.
#Bitcoin #Altcoin #Bist100 #Nasdaq