CoinMeta data: The current price of Bitcoin is around $82,949, which is still below its starting level in 2026, and it faces a simple question: can Bitcoin reverse the losses from the beginning of this year by the end of December? Analyst Frederik Theissen pointed out that spot buyers are pushing Bitcoin back towards $86,000, while futures leverage and options positions are also increasing. CoinMeta data shows that the flow into exchanges has shifted from net selling to net buying, and spot trading volume has increased, indicating improved momentum. Bitcoin ETF attracted nearly $1 billion in capital inflows from September 21 to 24, showing that institutional demand remains strong. To achieve positive returns in 2026, Bitcoin needs to regain and maintain a level of around $87,500.