The market opened the week visually green, yet when examining liquidity flows and order book depth, itโs clear that risk appetite remains extremely weak. Without a strong macro catalyst, any upside moves are likely to be fragile and short-lived. From my perspective, the real price discovery phase will begin after Binance Blockchain Week (BBW). Weโre entering a 10-day volatility window, and institutional positioning will be the key determinant of direction.
Bitcoin Technical Outlook
Bitcoin continues to struggle with the 86,500 โ 88,000$ resistance zone, and unless we see a sustained breakout above this level, any rally will remain a short-squeeze driven structure rather than a trend reversal. On the downside, the 84,200$ โ 82,600$ region is acting as a major support, and losing this zone would put 78,000$ back on the table. The daily chart shows RSI bearish divergence continuing, while OBV confirms lack of real volume expansion. This combination signals that a real trend reversal requires fresh liquidity injection.
In the short term, BTC dominance will dictate altcoin behavior. Smart money appears to be leaning towards defensive positioning inside the Binance ecosystem and select L2 assets, rather than broad altcoin risk exposure.
BBW Week Expectations
Binance Blockchain Week historically brings heightened volatility both before and after the event. This year should be no different, and we may see upside attempts on pairs such as BNB and ASTR, especially driven by narrative and speculative flows. However, for ASTR specifically, keep a close eye on token unlock schedules. Unlock events typically create:
increased circulating supply
short-term selling pressure
a cautious investor sentiment shift
Therefore, even in bullish pushes, profit-taking strategies remain logical.
Bitcoin and Ethereum ETF net flows turned positive on Friday, with BTC EFTs seeing $238.4 million in net inflows and ETH ETFs seeing $55.7 million โ reversing an 8-day red streak for the Ethereum products.
$ETH DATs are under pressure as Ether crashes under $3K, leaving treasuries deep in unrealized losses and price fractals hinting at a potential test of $2,500
Early Bitcoin adopter Owen Gunden has reportedly sold his entire $1.3 billion Bitcoin stack after transferring his final 2,499 BTC to Kraken, selling 11,000 BTC since October.
Ethereum treasury firm FG Nexus sold 10,922 ETH, worth approximately $33 million, to fund a share buyback program, purchasing 3.4 million shares at an average price of $3.45.
Metaplanet is set to raise $150M through perpetual preferred equity to buy more #Bitcoin, as total holdings across all public companies reach 1,064,385
A massive move shook the market today. An OG Bitcoin whale has reportedly transferred 11,000 BTC to exchanges over the past few weeks, according to Arkham Intelligence. Thatโs roughly $1.3 billion worth of Bitcoin being positioned for potential liquidation โ and itโs happening right as the market is already bleeding. Not surprisingly, Bitcoin briefly dipped below $86,000 today, breaking key psychological support levels and triggering panic across the board.
From my perspective, this isnโt just a random transfer. Big players are offloading risk while retail is left holding the bag. For months, liquidity has been weak, confidence is shaky, altcoins are suffocating, and thereโs no strong narrative powering a reversal. Moves of this size rarely happen without intent. Whales donโt accumulate at tops โ they distribute. And right now, the message is loud and clear: theyโre selling into strength while the market is vulnerable.
it doesnโt look bullish. Fear is rising, selling pressure is intensifying, and no one wants to step in as the hero buyer. Iโm staying cautious โ numbers speak louder than hopium, and right now the numbers are screaming downtrend.
Bitcoin fell below $87,000 for the first time since April as expectations for a Federal Reserve rate cut collapsed to just 37.6%, triggering nearly $1 billion in crypto liquidations across the market.
Trump announced that he would reveal the new Fed chairman before Christmas. This message seems like an open threat to the market: โThe interest rate policy will change, be prepared.โ Additionally, Trump's remarks about Powell were quite harsh: He clearly stated that interest rates are excessively high, that he wants to remove Powell from office, and that he finds him extremely inadequate. These statements signal that the Fed side will soon experience a serious break.
Economist Peter Schiff is back on stage and, as we are used to, continues to criticize Bitcoin, saying, โBitcoin has no future.โ Whenever he talks like this, we see contrary movements in the market, but today things are different: In the last 60 minutes, over 103 million dollars in LONG positions were liquidated in the crypto sector. Such a large reset indicates that investors have hit the panic button out of fear.
Bitcoin is crawling around 89.300$, and nobody wants to say it out loud, so I will: this market is on the edge of a brutal collapse. Thereโs no volume, no confidence, no real direction. People keep selling themselves fairy tales, pretending everything is fine, but the truth is painfully clear: this structure is rotten from the inside. The levels Iโve been pointing out for months are no longer predictions, theyโre practically destiny. Iโm writing it again, loud and clear: 85.000$, 82.000$, and even 78.000$ are not just targets โ they look inevitable.
The market is suffocating under overloaded leverage, insane funding rates, trapped long positions, and one of the most artificial FOMO phases we have seen in years. Expecting a miracle rally from this kind of setup is pure delusion. The silence right now is terrifying, because silence happens right before the knife drops.
People keep talking about โthe dip is in,โ but the real bottom forms when nobody can psychologically survive anymore, and we are nowhere near that point yet. More pain is coming. More blood is coming. Anyone trusting this market right now is going to burn, and those who are unprepared will be torn apart. I wrote it in my notebook once more: this is the calm before the storm, and nobody is ready.
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