ChainCatcher Message: Wintermute released a market report indicating that the crypto market experienced significant volatility last week, with BTC briefly dropping below $85,000 and ETH falling below $3,000, triggering approximately $1.4 billion in liquidations.

Market structure is further narrowing, Bitcoin's dominance continues to rise, while altcoins are underperforming due to supply pressures. Data shows that institutional funds have been consistently buying mainstream cryptocurrencies since the summer, and retail investors are also starting to shift from altcoins to BTC and ETH. Despite noticeable short-term fluctuations, the trend of traditional financial institutions steadily entering the crypto space is expected to provide support for mid-term prices. Analysts predict that as the year-end holidays approach, market activity will calm down, prices will remain within a range, and investors will continue to prefer assets with higher liquidity.