COINOTAG News reported on December 8 that QCP’s daily market observation shows Bitcoin volatility within the $88,000–$92,000 range, while ETH surged from $2,910 to $3,150. As year-end liquidity tightens, the market remains sensitive to modest fund flows. Despite oscillations, liquidation activity is subdued, suggesting thinner participation this quarter. Open interest on major perpetual contracts has fallen about 40–50% from the October peak, with retail sentiment retreating toward bear levels.

Supply dynamics show tightening: BTC has been withdrawn from exchanges in two weeks, while ETF and corporate holdings now exceed exchange balances for the first time. ETH reserves on exchanges sit near a decade low, signaling quiet institutional accumulation as retail exits persist. Markets await Wednesday’s FOMC meeting; a 25bp cut is largely priced in, but balance sheet guidance will steer risk assets. BTC trades between $84,000 and $100,000 with thin depth, and a breakout could drive the next trend.