Market Overview - Bitcoin briefly reached a two-month high of $96,240, with significant trading activity in altcoins [1] - Over $500 million in futures positions were liquidated as Bitcoin broke the key level of $94,500 for the first time since November [1] Futures and Open Interest - Open interest for Bitcoin futures is currently at $30.6 billion, down from a high of $31.5 billion, indicating aggressive buying in spot markets and traders covering shorts [2] Altcoin Performance - Privacy coin DASH rose to its highest point since 2021, signaling confidence among traders and leading to widespread gains in altcoins [3] - Optimism (OP) increased by 18.5%, while TIA and PENGU rose by 14% over a 24-hour period, reflecting renewed trader optimism [3] Bitcoin Dominance and Index Performance - Bitcoin dominance decreased from 59.3% on December 24 to 58.6%, as several altcoins outperformed Bitcoin [4] - The CoinDesk 80 Index (CD80) is up by 8% day-to-date, while the CoinDesk 20 (CD20) is up by 6.35% [4] Market Sentiment and Trends - The market has rebounded despite a lack of bullish catalysts, as traders have shifted sentiment following a significant liquidation event in October [5] - Traders have moved away from crypto to precious metals and AI stocks, indicating a shift in investment focus [6] Short-term Outlook - In the short term, Bitcoin is expected to re-test the $94,500 level as a new floor, with a potential rise to $99,000 as the next key resistance level [7] - A failure to maintain the $94,500 level could lead to Bitcoin falling between $85,000 and $94,500 [7]

Market Overview - The cryptocurrency market capitalization increased by 0.6%, reaching approximately $3.1 trillion, with 80 of the top 100 coins recording price increases [4][5] - Bitcoin (BTC) is trading at $87,788, reflecting a 0.2% rise, while Ethereum (ETH) is at $2,938, up by 1.1% [4][11] Bitcoin Analysis - BTC has struggled to reclaim the $90,000 level for an extended period, with market participants expressing surprise at the duration of this struggle [4][6] - The seven-day trading range for BTC is between $82,175 and $92,570, with a weekly decline of 3.4% and a monthly drop of 30.3% from its all-time high of $126,080 [11][12] - Investors are closely monitoring whether BTC can break through the $88,000 level, which could lead to further gains towards $90,500 and $93,000 [11] Ethereum Insights - ETH is hovering just below the $3,000 mark, with a psychological barrier noted between $2,900 and $3,000 [9] - The coin has experienced a 30.1% decline from its all-time high of $4,946, with a recent trading range between $2,680 and $3,095 [12] - A firm hold above the $2,980 level could propel ETH towards $3,000 and higher [12] ETF Inflows - US BTC spot ETFs recorded inflows of $128.64 million, bringing total net inflows to $57.61 billion [13][15] - ETH ETFs also saw inflows of $78.58 million, increasing total net inflows to $12.81 billion [15][16] - Texas has invested $5 million in BlackRock's spot Bitcoin ETF, with plans for an additional $5 million purchase [16] Market Sentiment - The crypto market sentiment remains in the extreme fear zone, with a fear and greed index reading of 15 [12][13] - Analysts suggest that the upcoming December could see a lull in market activity, with historical data indicating low movement during this month [6][7]