According to Wu, QCP Capital Analysis pointed out that the crypto market fell slightly due to the liquidation of more than $100 million in BTC and ETH positions, but both remained above key support levels.
The market expects BTC to consolidate before December, and funds will gradually flow to ETH and other alternative coins, causing BTC's market capitalization share to drop from 62% to 59%.
It is worth noting that MicroStrategy founder Michael Saylor hinted that he would further increase his holdings of BTC, and the market is generally concerned about whether it can help BTC break through the $100,000 mark.
