The Christmas holiday is approaching, and liquidity in the crypto market is clearly shrinking. Yesterday, the BTC spot ETF experienced a large outflow again, with over 3,000 Bitcoins leaving the market in a single day, including nearly 1,800 Bitcoins from large asset management institutions. From this perspective, traditional funds' enthusiasm for participating in crypto assets is indeed cooling down.



However, from the price perspective, although BTC has not been able to break through the $90,000 mark, there has been no significant plunge. This indicates that market participants' sentiment remains relatively stable — which is quite valuable during periods of low liquidity. After all, both turnover rate and trading volume are declining, which is not surprising during the holiday season.

**Regarding Bitcoin**, the trend remains a typical sideways consolidation. On the daily chart, it continues to move to the right; as long as it does not break the previous key support at 84,700, there is still a chance for a rebound. The market will be closed on Christmas and New Year’s days, making liquidity even thinner, so the next two days are likely to continue oscillating — within the range of 84,700 to 90,000. More detailed support levels are at 86,700-84,700, with resistance at 90,000-91,900.

**Regarding Ethereum**, it is also working within a relatively narrow consolidation range, with volatility gradually shrinking. This situation often indicates that a trend reversal may not be far off, expected to be released around New Year’s. In the short term, it will mainly oscillate within the range, with support levels at 2,915-2,815, and resistance at 2,980-3,048.
BTC0.9%
ETH0.18%
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WenMoonvip
· 3h ago
Institutions are running, retail investors are holding on, this is the Christmas market... Well, it’s already stable as long as it doesn’t fall, just waiting for the holiday to pass and see who continues to escape If the 84700 level doesn’t break, I still dare to go all in Ethereum’s recent compression has been quite intense, it seems like a big move is coming on New Year’s Day With liquidity during the holiday being so poor, who dares to place heavy bets? I’m convinced It’s just sideways trading for a couple of days, anyway we’re not making money from this Asset management firms have run away, I’m not confident, need to see if retail investors can still hold up
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QuorumVotervip
· 4h ago
Liquidity contraction this wave, institutions are fleeing, retail investors are still stubbornly holding at 84700, really impressive Traditional funds start to bearish when they cool down, but the price hasn't collapsed, indicating that someone is still picking up the slack Holiday market just like this, if it can't be pushed up, it will just oscillate, wait until after New Year's Day to see a change in trend
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AirdropAutomatonvip
· 4h ago
The liquidity dried up around Christmas, big players have probably gone skiing, and we're left here guarding 84,700 without daring to sleep. Traditional money cooling down? Nonsense, who watches the market during holidays? Sideways oscillation is just waiting for the New Year's Day move. Selling so many ETFs and still holding below 90,000 shows the foundation is actually quite solid. The range between 2815-2915 is waiting for a breakout; there should be some action before the New Year. I bet 91,900 won't break, and I'll just hold within this range until the New Year.
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DaoDevelopervip
· 4h ago
ngl the 3000 BTC exodus from spot ETFs is lowkey the market stress-testing itself... institutional redemptions hitting 1800 in a single day though? that's the gametheory kicking in when liquidity dries up during holidays.
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