Bitcoin Trapped Until 2026 as Holiday Trading Drains Market Liquidity: QCP

Bitcoin remains range-bound heading into Christmas as thinning liquidity and year-end de-risking push traders to the sidelines, with perpetual open interest dropping $3 billion for BTC and $2 billion for ETH overnight, leaving markets vulnerable to sharp moves in either direction despite reduced leverage, according to QCP Capital. While gold surged to fresh all-time highs, gaining 67% year to date, Bitcoin has failed to break free from consolidation between $85,000 support and $93,000 resistance, closing ...