Market feels heavy today but lets look at whats actually happening.
Bitcoin came back to 93k after touching below 86k earlier this week. Spot volume still above 70B daily while futures open interest dropped 10 percent since November. That means big players are buying, not dumping. Strategy still holds 650k BTC so no forced selling coming. Fear and Greed index at 23 right now, extreme fear, but December historically gives BTC +9.7 percent on average. Fed cut odds still 85 percent for the 15th. If it happens we see 105k to 110k easy by year end.
Ethereum is the one moving. Fusaka upgrade went live yesterday, node costs down 80 to 85 percent and L2s ready for 100k TPS soon. Fees should drop 40 to 60 percent and ETH burn stays strong. Price touched 3215 today with 190k new wallets created in 24h. Mid size holders added hard. Up 6 percent this week while BTC sits quiet. Real rotation starting.
XRP stuck around 2.20 for now, no big ETF news yet. Total market cap lost 1T since October but weekly ETF inflows still 312M. Leverage got wiped clean, weak hands gone.
December catalysts still there: Fed cut, ETF money, holiday pump. Fear this low usually prints money.
I’m watching 88k on BTC and 2850 on ETH for any dip to add.
What do you think, Fusaka changes the game or BTC takes over again?
#Crypto #Ethereum #Bitcoin
