Bitcoin (BTC) Set for December as Market Turbulence Clears, Coinbase Institutional Says

COINOTAG News notes that Coinbase Institutional indicated in a social post that November’s turbulence may foreshadow December’s trajectory. Open interest across BTC, ETH, and SOL perpetual contracts declined by 16% month over month, while U.S. spot ETFs recorded outflows of $3.5 billion for BTC and $1.4 billion for ETH. The BTC perpetual funding rate briefly dipped beyond the 2-standard-deviation band of the 90-day moving average before rebounding.

Coinbase Institutional links the cautious optimism to the unwind of speculative excess, noting the systemic leverage ratio has fallen from roughly 10% of total market value in the summer to about 4%–5%, a sign of a healthier market structure and a reduced risk of a sharp pullback before year-end.

With liquidity and risk controls improving, Bitcoin and Ethereum traders may find December trading conditions more balanced, as the recent data points align with a steadier baseline rather than volatile surges.