Year-end encryption asset整理行情 observation

In the past week, the total market capitalization of encryption has remained stable at around $3 trillion, showing a typical range consolidation trend. From the performance of Bitcoin, the price has repeatedly tested between $85,000 and $90,000, with solid support below, but the upward momentum is clearly lacking.

It is worth noting that both trading volume and liquidity have shrunk compared to the previous cycle. This phenomenon is quite common before the end of the year - on one hand, institutions are adjusting their positions, and on the other hand, retail participation is also declining. Although BTC has not broken below support, it also lacks the momentum to break through high levels.

From the market structure perspective, it is currently more about bottoming out rather than a rapid rise. In the short term, it is expected to continue to fluctuate within this range, and the specific breakout direction will need to wait for the trigger of incremental funds or significant events.