TechFlow news, December 24 — QCP Capital's latest analysis shows that Bitcoin price retreated 14% from its all-time high set last week, dropping to $92,500 before rebounding to $95,000. Spot ETFs experienced outflows for three consecutive days, reflecting cautious market sentiment as year-end liquidity gradually dries up.
Previously, MicroStrategy added $561 million worth of Bitcoin at an average price of $106,662, marking its seventh consecutive week of purchases. However, the acquisition size was the smallest in recent weeks, raising market doubts about its willingness to buy at elevated levels. Despite the price decline, front-end volatility remains low, and there is no significant gamma hedging demand observed. With a large options expiry approaching on Friday, volatility butterfly spreads remain elevated at +2.0, indicating that the market has not yet stabilized.
QCP Capital warns that during periods when traditional markets shorten trading hours or close, Bitcoin’s 24/7 trading nature may become a critical channel for reacting to major events, advising investors to remain vigilant against potential gap moves.
