ChainCatcher news, according to Cointelegraph, since breaking through $90,000 for the first time on November 19, 2024, Bitcoin's price has consolidated in the range of $91,000 to $108,268. Multiple analysts believe that the current price consolidation is nearing its end.Analyst Rekt Capital pointed out that the current 4-week adjustment, with a decline of 15%, is close to its conclusion, significantly lower than the historical 30-35% retracement levels. Technically, the Bollinger Bands indicator shows that volatility is at an oversold level. Additionally, the market widely expects that after Trump takes office on January 20, he will issue an executive order favorable to cryptocurrencies, with bullish options trading on the Deribit options platform reaching as high as $12,000.Analyst Trader Tardigrade anticipates that the market may experience a strong rebound after completing the final round of corrections.

ChainCatcher news, Matrixport released today's chart report. The 7-day minting data of stablecoins shows that the pace of fiat currency inflow into the crypto market has significantly slowed down before the Christmas holiday, which may be related to the Federal Reserve's shift to a hawkish policy in mid-December.Due to the continued low activity of fiat deposits flowing into stablecoins, Bitcoin and other cryptocurrencies may continue to consolidate. Although the quiet period of the holidays has ended, there has not yet been a significant rebound in the inflow of funds into stablecoins. This indicator remains an important signal of changes in market demand, as an increase in stablecoin minting typically indicates a rise in demand for the cryptocurrency market.Currently, while there has been a slight rebound in stablecoin minting activity, its sustainability remains unclear. Only when this trend continues steadily is it possible to push Bitcoin out of the consolidation phase and back into a bull market.

ChainCatcher news, the Matrixport weekly report points out that macroeconomic headwinds and changes in global liquidity may lead Bitcoin into a consolidation phase. Although ETF inflows remain stable, the Federal Reserve's hawkish stance may limit further gains.The report suggests that Bitcoin's upward momentum is more influenced by Federal Reserve policies rather than the launch of ETFs. Technical analysis shows that the "shooting star" candlestick pattern indicates that the mid-term upward trend may be nearing its end.In a context of low implied volatility, options are seen as effective risk management tools. Traders can capture upward opportunities through call options or protect profits with put options.

ChainCatcher news, Real Vision CEO Raoul Pal predicts that the crypto market is entering the "Banana Singularity" phase. He divides the current market into three stages: the breakout in November 2024, the current consolidation period, and the upcoming altcoin season.Pal stated that as Bitcoin's dominance (currently at 58%) declines, the market will experience a comprehensive bullish trend, with core winners creating higher peaks. He also noted that the current market trend is similar to the 2016/2017 cycle, and the consolidation period is expected to end soon.

ChainCatcher news, QCP Capital's latest analysis indicates that Bitcoin rebounded to $95,200 last night after successfully testing the key support level of $92,500. However, following the news that the U.S. government plans to sell seized Silk Road Bitcoins, the outlook for Bitcoin turned bearish in the Asian early session today.Cryptocurrency prices continue to be affected by macroeconomic headwinds, with last night's release of the Federal Reserve's meeting minutes showing a more hawkish stance. The Fed stated that it would slow the pace of interest rate cuts due to rising inflation risks. The ADP employment report released yesterday also added to macro uncertainty, showing a slowdown in private sector hiring and wage growth. This stands in stark contrast to the stronger job market depicted by Tuesday's JOLTS job openings data.In the options market, the curves for all maturities steepened, with the 3-6 month spread widening by 1.5 volatility points, and the 6-12 month spread rising above 1 volatility point. Trading desks continue to observe that near-term volatility is under pressure, with at-the-money options expiring on January 17 dropping by 3 volatility points compared to last night.QCP expects that during today's U.S. market holiday, Bitcoin will consolidate in the $92,000-$95,000 range. If it breaks below $92,000, it may further test the $90,000 round number.

ChainCatcher news, QCP Capital's latest analysis points out that due to better-than-expected U.S. employment data, Bitcoin has pulled back to the support level of $95,000. JOLTS job openings surged to 8.1 million, exceeding the expected value of 7.74 million. The unexpected strength in the labor market has triggered risk-off sentiment, leading to a sell-off in risk assets as long-term bond yields rise.Bitcoin ETF inflows plummeted from $987 million to $52.9 million, a decrease of 94%. Among them, BlackRock's IBIT recorded a significant inflow of $596 million, while ARK and 21Shares' ARKB saw an outflow of $213 million.QCP Capital believes that this week's FOMC meeting and non-farm payroll data will further influence Bitcoin's trend. The market expects that Trump's inauguration will boost optimism, and the current pullback may serve as a buildup for a bullish rebound.

ChainCatcher news, Matrixport released today's chart report, indicating that fluctuations in global liquidity may put some pressure on Bitcoin. Historical data shows that changes in liquidity typically lead Bitcoin price movements by about 13 weeks. With the strengthening of the dollar following Trump's re-election, global liquidity measured in yuan is beginning to tighten, suggesting that Bitcoin may enter a consolidation phase in the near term.However, this consolidation is expected to be a temporary phenomenon. Overall, risk assets (especially Bitcoin) still demonstrate positive long-term potential. Nevertheless, in a weaker liquidity environment, traders should exercise greater caution, as these indicators have historically proven to be reliable market barometers.

ChainCatcher news, 10x Research stated in its latest report that the cryptocurrency trading environment remains complex and volatile during the U.S. Federal Open Market Committee (FOMC) meeting in December 2024 and the subsequent holiday season. However, there are still profit opportunities in specific areas. Bitcoin is in a consolidation phase during this period, showing no signs of a sustained upward trend, but fluctuating within a tactical trading range, which provides opportunities for strategic positioning rather than a simple bullish trend. While some initial enthusiasm is expected at the beginning of the new year, it is not the time to recreate the bullish sentiment seen from late January to March or from late September to mid-December 2024. A positive performance is anticipated at the start of the year, followed by a slight pullback before the release of the Consumer Price Index (CPI) data on January 15. If the inflation data is favorable, it may reignite optimism and drive the market up before Trump's inauguration on January 20. However, this momentum may weaken, and the market could slightly retreat before the FOMC meeting on January 29.From January to mid-November 2024, Bitcoin's dominance surged from 50% to 60%, creating significant resistance for altcoin performance. Although the dominance metric briefly plummeted to 53% within three weeks, igniting hopes for an altcoin season, it quickly rebounded to nearly 58% and then consolidated around 55%. This consolidation highlights Bitcoin's enduring dominance as the main driving force in the cryptocurrency market while also indicating that altcoins may face potential challenges—unless Bitcoin's dominance metric declines again.

ChainCatcher news, according to the People's Bank of China official account, the People's Bank of China work conference will be held from January 3 to 4, 2025. The conference pointed out that in 2024, the financial management and service capabilities will continue to improve, and the research and application of the digital renminbi will be steadily advanced.In 2025, further optimization of the central bank's financial management and services will be carried out, strengthening the legal protection of the central bank's duties. A multi-level and diversified payment service system will be improved. The integration of information technology systems will be promoted in an orderly manner. The multi-level credit reporting market will be vigorously developed. The central bank's financial services in rural areas will be continuously optimized. Solid work will be done in economic and financial research, comprehensive statistics of the financial industry, currency issuance, digital renminbi research and development, treasury management, and international assessments of anti-money laundering, among other tasks.

ChainCatcher news, Matrixport released a daily chart stating that currently, Bitcoin is digesting the surge of the past few weeks. During this period, the open interest in futures skyrocketed from $18 billion in October to $29 billion, an increase of 50%. Meanwhile, the funding rate in the Bitcoin market surged from over 10% to a peak of over 80%. Historical data shows that after such rapid positioning, there is usually a brief consolidation period, after which the bull market may continue.This pattern may occur again, especially during the quieter trading volume of the Christmas holiday. Traders are now looking towards the new year, anticipating whether new capital inflows will drive prices up and reignite the upward momentum.

ChainCatcher news, Matrixport updates its market analysis: Bitcoin's recent adjustment indicates a pullback after a 40% increase, which is consistent with previous cycle patterns. The current price has dropped about 3% compared to a month ago.In a bull market, a price pullback of 10% to 20% from recent highs often creates an ideal re-entry zone. Taking Bitcoin's peak of $108,000 as an example, if the price consolidates between $90,000 and $95,000, this could become an excellent pullback zone. As long as the price remains within a -20% pullback range and continues the current cycle's trend, it is expected to lay a solid foundation for a new round of increases in 2025.

ChainCatcher message, trader Eugene Ng Ah Sio shared his views on the altcoin market, "Altcoins (Alts) quickly fell back to these wick lows within 48 hours after forming the lower wicks, and investors are extremely anxious about holding spot assets, eager to sell and exit. The market may enter a prolonged decline or consolidation phase, or experience a sharp sell-off and bottom out in a short period."

ChainCatcher news, Matrixport released today's chart stating that with the successful attraction of new investors by Bitcoin ETFs, Bitcoin performed strongly in 2024, with an annual increase of 150%, perfectly concluding the year with extraordinary performance. From a risk management perspective, Bitcoin showed a significant upward trend throughout the year, with a peak increase of 44% in February, marking the best performance of the year, while the decline in April was only 15%, with only 5 months recording negative returns for the entire year.It is worth noting that Bitcoin's volatility mainly leans towards the upside, aligning with investor expectations and laying the foundation for a strong start in 2025.

ChainCatcher news, according to Bloomberg, Aya Kantorovich, co-founder of the institutional crypto platform August, stated that many people "are basing their expectations on a more favorable U.S. government (regulatory environment) for crypto." She added that this optimism is reflected in the demand for exchange-traded funds investing in digital assets.As of last Sunday, Bitcoin has consolidated a seven-week winning streak, the longest since 2021. However, the recent momentum has slowed, which may indicate that "a pullback could be imminent," wrote IG Australia Pty market analyst Tony Sycamore in a report.Since Trump won the presidential election on November 5, U.S. ETFs directly investing in Bitcoin have attracted a net inflow of $12.2 billion. During the same period, similar products for Ethereum saw a net inflow of $2.8 billion.

ChainCatcher news, according to Jinshi reports, The Wall Street Journal reveals that Trump's team is seeking to consolidate or eliminate banking regulatory agencies.

ChainCatcher message, Matrixport posted on X that the recent greed and fear index has surpassed 90%, indicating that Bitcoin may experience a period of consolidation before resuming its upward trend.

ChainCatcher message, Bitfinex post analysis, last week, Bitcoin reached an all-time high, breaking the $100,000 mark for the first time, hitting a historic high of $104,000. This marks a 111% increase from Bitcoin's low of below $50,000 during the summer. However, after the rebound, there was a significant 14.84% pullback, including a rapid 10% drop within just eight minutes, which is the largest pullback from the current all-time high since the sell-off before the U.S. elections. This pullback triggered over $1.1 billion in liquidations, with $419 million in Bitcoin long positions, highlighting the level of leverage in the market.Despite the market's extreme volatility, signs of stabilization are emerging. The realized profit metric had peaked at $10.5 billion daily but has now dropped to $2.5 billion, easing selling pressure. The futures funding rate has also normalized, indicating a decrease in speculative leverage. Although ETF inflows slightly slowed over the weekend, they remain a key source of support against the backdrop of long-term holders continuing to take profits. As Bitcoin consolidates above $100,000, the medium-term outlook remains bullish, and with the normalization of funding rates and easing selling pressure, there is potential for further upside as long as ETF inflows continue to increase.Additionally, the Federal Reserve is assessing potential policy shifts that the new government may undertake, while the economy remains supported by a resilient labor market and stable consumer demand. However, the uneven recovery across various sectors suggests a need for cautious optimism.