TechFlow, Dec 10 — QCP released a report stating that Asian markets opened steadily today, with Bitcoin prices holding around $92,000 and selling pressure noticeably easing, though overall market sentiment remains cautious. ETF inflows slightly recovered to $56.5 million, after experiencing over $1.1 billion in weekly redemptions in November. Market focus has now shifted to tonight's Federal Reserve FOMC meeting; while the rate decision is already fully priced in, investors will closely watch Chair Powell's tone and remarks.
Next, the Bank of Japan's meeting on December 19 will become the next risk catalyst. Japanese government bond yields have risen to multi-year highs, which could impact USD/JPY carry trades. Bitcoin has shown significant volatility this year, pulling back from its mid-2025 peak of $123,000 and currently trading in the $90,000–$93,000 range, down approximately 3–7% year-to-date. Corporate treasury demand continues to provide key market support.
