ChainCatcher message, according to the latest report published by QCP, the cryptocurrency market fell yesterday, with over $100 million in BTC and ETH positions liquidated on major exchanges, but both still robustly operate above the critical support levels of $95,000 and $3,200 respectively.
Despite some corrections over the weekend, the forward volatility remains high. The market anticipates that BTC may maintain a range-bound fluctuation before December, while short-term attention shifts to ETH. The ETH risk reversal indicator shows high demand for short-term call options, while the demand for BTC call options is focused on after December 27, 2024, possibly related to the potential impact of Trump's supportive policies on cryptocurrency, which are expected to take effect next year.
Recently, BTC's market capitalization share dropped from 62% to 59%, reflecting a trend where funds may gradually shift from BTC to ETH and other altcoins. Additionally, today Michael Saylor hinted at possibly increasing his BTC holdings. The market is watching whether MicroStrategy's new round of purchases will push BTC to break the $100K barrier; if achieved, BTC may further rise, while altcoins could be impacted in the short term.
