Yesterday, the cryptocurrency market experienced a minor fluctuation, with over 100 million dollars of BTC and ETH positions being liquidated on major exchanges. However, BTC and ETH still firmly stand above key support levels, which are 95,000 dollars and 3,200 dollars, respectively. 🌐
Despite this, the market's forward volatility remains high. In the short term, ETH has become the focal point, as its risk reversal indicators show strong demand for short-term call options. Meanwhile, the demand for BTC call options is concentrated towards the end of 2024, possibly related to Trump’s supportive policies for cryptocurrency. 📈
Additionally, BTC's market capitalization share has slightly decreased, and funds seem to be shifting towards ETH and other altcoins. Michael Saylor hinted at potentially increasing his BTC holdings, and the market is closely watching whether this will drive BTC to break the 100K dollar mark. 💰