Asia Morning Post: Bitcoin liquidity is drying up, interest rate cut expectations have been reflected, stabilizing around $90,000! Year-end liquidity is scarce, Bitcoin maintains fluctuations around $90,000, and volatility is increasing. Reports show that the open interest of BTC and ETH perpetual contracts has decreased by nearly half since October, weakening the absorption capacity for directional trading. The prediction market shows that traders have factored in a 25bp rate cut this week and are inclined to pause in January, expecting a gradual easing of monetary policy. Volatility is more likely to stem from policy guidance rather than interest rate changes. Analysts state that recent leverage cleaning has improved market structure; after clearing crowded trades, BTC has opened up the space to rebound to $91,000. However, the divergence among global central banks may exacerbate economic friction in Asia. Market overview: BTC dropped to $90,000, erasing weekend gains in early trading, fluctuating within a range; Ethereum is relatively strong, once reaching a monthly high compared to Bitcoin; gold slightly declined, cautiously awaiting inflation data; Nikkei 225 fell following Wall Street, with investors remaining cautious. Other updates:
The Canada Revenue Agency disclosed that 40% of crypto users are flagged as tax evasion risks.
Ondo Finance stated that the investigation has been closed without charges. December could be a turning point; before liquidity returns, risk management is paramount! What do you think?
