ChainCatcher's latest report reveals that the crypto market experienced turbulence yesterday, with over $100 million in BTC and ETH positions being liquidated. However, BTC and ETH continue to operate robustly above key support levels of $95,000 and $3,200, respectively. Despite a market pullback over the weekend, forward volatility remains high, with expectations that BTC may maintain a range-bound movement before December.

In the short term, market focus has shifted to ETH, as the ETH risk reversal indicator shows an increase in demand for call options. Meanwhile, demand for BTC call options is concentrated towards the end of 2024, potentially related to the impact of Trump's support for crypto policies. BTC's market capitalization share has dropped to 59%, with funds possibly gradually flowing into ETH and other altcoins. Michael Saylor hinted at potentially increasing his BTC holdings, and the market is watching whether he can push BTC to break the $100K mark.