TechFlow, December 23 — Wintermute released a market report today indicating that the cryptocurrency market experienced significant volatility last week, with BTC briefly dropping below $85,000 and ETH falling beneath $3,000, triggering approximately $1.4 billion in liquidations. Market structure has further narrowed, with Bitcoin's dominance continuing to rise while altcoins underperformed due to supply pressure.
Data shows institutional capital has been consistently purchasing major cryptocurrencies since summer, and retail investors are also shifting from altcoins to BTC and ETH. Despite clear short-term fluctuations, the steady entry of traditional financial institutions into the crypto space is expected to support prices over the medium term.
Analysts anticipate that as the year-end holidays approach, market activity will calm down, prices will remain range-bound, and investors will continue favoring assets with higher liquidity.
