Wintermute: Liquidity is calming down towards the end of the year, and bitcoin prices may continue to fluctuate within a range.

PANews reported on December 23 that, according to Wintermute's latest market update, as of December 23, the crypto market remains volatile. BTC briefly fell below $85,000 last Monday before gradually rebounding to $90,000, while ETH dropped below $3,000. The total liquidation in the market last week exceeded $2 billion, with leveraged funds being quickly squeezed out. Bitcoin's dominance continues to rise, with mainstream coins BTC and ETH receiving more buying support, while altcoins have underperformed due to supply pressure and unlocking schedules.

Data shows that institutional funds have continued to flow in since the summer, and retail funds are gradually shifting from altcoins to mainstream coins. Despite sharp short-term fluctuations, overall market liquidity is stabilizing. With the year-end holidays approaching, market activity is expected to decrease and prices may continue to fluctuate within a range. In the medium to long term, the continued entry of traditional financial institutions may provide stronger support for the market.