Bitcoin reclaimed the $88,000 level this Friday following a slight cryptocurrency market recovery after recent price dips during the week. Aave founder Stani Kulechov witnessed the community vote largely against a controversial proposal regarding intellectual property ownership rights. This rebound occurs amidst thin holiday liquidity and consistent outflows recorded in spot Bitcoin exchange-traded funds over five consecutive days.
Bitcoin’s price showed signs of strength by bouncing back from its weekly low of $86,561 recorded last Tuesday. Furthermore, analysts suggest that the asset seeks to stabilize above critical levels before the current month of December finally ends. However, spot Bitcoin exchange-traded funds (ETFs) extended their losing streak to five consecutive sessions. Therefore, investors maintain an extreme caution stance today due to the typical lack of liquidity during this holiday season.
On the other hand, the decentralized lending protocol Aave has captured the sector’s attention due to intense internal governance drama. The proposal seeking to transfer control of brand assets to a DAO-controlled entity ultimately failed this week. Likewise, the majority of voters rejected the initiative during Friday’s session after days of intense community debates. In this way, intellectual property control will remain outside the direct hands of the decentralized autonomous organization for now.
Internal tensions set the pace for current financial decentralization
It is also relevant to mention that influential figures such as Evgeny Gaevoy, CEO of Wintermute, expressed disagreement with the plan’s structure. Gaevoy urged developers to seek a truly effective long-term alignment of interests for all parties involved. Therefore, the rejection reflects a growing governance maturity within modern and digital financial ecosystems today. For which the dialogue between the involved parties will continue during the first weeks of the upcoming new year 2026.
However, data from Farside Investors revealed net outflows of $175 million in Bitcoin ETFs last Wednesday afternoon. These figures represent a disinvestment trend that worries market specialists regarding the behavior of institutional markets recently. Additionally, the underlying technology of these protocols continues to demonstrate its resilience against corporate conflicts of interest. Thus, trader activity has significantly decreased recently due to the holiday period experienced by global financial centers worldwide.
Is the 88,000 dollar level a solid base for the year end?
Nevertheless, Bitcoin’s rebound above $88,600 this Friday offers a momentary sigh of relief for the optimistic bulls. Experts consider that this sideways movement is typical of year-end while waiting for the entry of fresh institutional capital. And although selling pressures persist, the price technical structure suggests a recovery that is gradual if current psychological supports are held. In this manner, the market closes a high-volatility week with signals of internal consolidation and stability.
To conclude, the outcome of the Aave drama highlights the challenges of balancing decentralization with traditional company interests. Discussions regarding token value capture are expected to resume with greater force during the month of January. Likewise, institutional fund behavior will be vital to define Bitcoin’s price direction in the first quarter. Consequently, ecosystem participants will closely watch every regulatory and corporate movement emerging in the coming final days of the year.
