TechFlow news, December 8: QCP released a report stating that Bitcoin experienced sharp price fluctuations on Sunday, oscillating between $88,000 and $92,000 during periods of low liquidity, while Ethereum swung widely between $2,910 and $3,150. This indicates that market volatility may intensify during the year-end holiday season. Despite significant price movements, liquidation volumes reached only about $440 million, relatively low, reflecting declining overall market interest.
Institutional investors are quietly accumulating, with approximately 25,000 Bitcoins moving out of centralized exchanges over the past two weeks. Bitcoin ETFs and corporate holdings have now surpassed exchange reserves, indicating a shift of supply toward long-term holders.
Wednesday's Federal Reserve meeting is the focus, with a 25 basis point rate cut expected. Markets are awaiting a decisive break below $84,000 or above $100,000 in Bitcoin to determine the next trend direction, while the options market has begun preparing for potential large-scale volatility.
