This week, the Americans are celebrating Christmas, the US stock market is closed, and major institutions will generally not be trading. This situation is likely to continue until after New Year's Day, and the trading volume will basically be nonexistent. However, this Friday is a key point, as it is the year-end settlement date, and a significant portion of options will expire. In fact, for institutions with large positions, they have probably already processed their orders or even rolled them over into next year.
From last week, everyone has probably noticed that Bitcoin tends to drop to around 80,000 after hitting 90,000, having experienced this 2-3 times, including last night. Simply put, the Americans are on holiday coupled with year-end rebalancing actions. For the past month, Bitcoin and Ethereum have been relatively quiet, not making significant moves, which aligns with most people's predictions. December is a challenging month, and it is expected that the following time will be similar, likely remaining in a state of stagnation. $BTC
BTCUSDT
Perp
87,407
-2.36%
ETHUSDT
Perp
2,926.48
-3.60%
BNBUSDT
Perp
844.22
-2.49%