As per TechFlow, on December 9, Wintermute's latest market report indicated that the crypto market has entered a consolidation phase, showing stronger resilience. Bitcoin (BTC) price has recovered to around $92,000, and the total crypto market cap has rebounded to $3.25 trillion. Current market activity is mainly focused on BTC and ETH, with positive inflows from both retail and institutional investors, though leverage levels remain low. A BTC intraday drop of about $4,000 occurred last Friday, but the market quickly absorbed the shock. Wintermute analysts noted that the Federal Reserve's decision this week and the Bank of Japan's policy next week will be key factors in determining the market's direction at year-end. The report expects the crypto market to continue range-bound consolidation in the absence of clear macro signals.
Wintermute Report: Crypto Market Enters Consolidation Phase with Stronger Resilience
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