TechFlow news, on November 25, according to the latest report from QCP, yesterday's crypto market downturn triggered over $100 million in BTC and ETH positions liquidated across major exchanges. However, both assets continue to hold steadily above key support levels of $95,000 for BTC and $3,200 for ETH.
Despite a pullback over the weekend, forward volatility remains elevated. The market expects BTC may trade sideways before December, while near-term focus shifts to ETH. ETH risk reversal indicators show strong demand for short-term call options, whereas demand for BTC calls is concentrated after December 27, 2024—potentially linked to anticipated pro-crypto policies under Trump, which are expected to take effect next year.
Recently, BTC’s market capitalization share has declined from 62% to 59%, reflecting a trend of capital gradually rotating from BTC into ETH and other altcoins.
In addition, Michael Saylor hinted today at potentially increasing BTC holdings. Markets are watching whether MicroStrategy’s next round of purchases could push BTC past the $100K threshold. If achieved, BTC may surge further, while altcoins could face short-term pressure.
