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$BTC

🔵 Deep Dive into Commitments of Traders

1. Total Positions (All):

Both long and short positions increased significantly,long positions grew slightly more than short positions in absolute numbers, but short positions remain dominant.

2. Commercial Positions:

Commercial traders increased their short positions significantly (+718), while long positions remained unchanged, showing a clear bearish outlook.

3. Large Speculators:

Large speculators increased both their long and short positions, with a greater focus on long positions. 

This suggests mixed sentiment but a slight bullish lean.

4. Small Traders:

Small traders marginally increased both their long and short positions, with a stronger focus on short positions, reflecting caution or bearish sentiment.

5. Open Interest:

A significant increase in open interest indicates greater participation and higher market activity, potentially leading to more volatility.

In short:

Commercial Traders: Bearish sentiment strengthened due to the rise in short positions and stagnant long positions.

Large Speculators: Show a mixed sentiment with a slight bullish bias due to the higher increase in long positions.

Small Traders: Leaning bearish due to the focus on short positions.

🔥 COT Trend: The market remains neutral to bearish, with growing short positions outpacing long positions slightly.

🔵 What Did Traders Do Between Reports?

Commercial Traders:

◾Increased short positions significantly (+718 contracts).

◾Long positions remained stagnant.

Action: Strengthened their bearish position.

Large Speculators:

◾Increased both long (+1,905) and short positions (+1,014), with a stronger focus on longs.

Action: Became more active, but leaned toward bullish positions.

Small Traders:

◾Slightly increased both long and short positions, with a greater focus on shorts (+184).

Action: Displayed cautious behavior, leaning bearish.

The commercial traders have shown a clear bearish sentiment, which, as you know, often signals that they are hedging in anticipation of the market's next move.

The key level of the whales can be pinpointed to November 13th, 14th, and 15th.

As a trader, I typically position myself to bet on the upside, but only within the whale zone.

But with this report I'm neutral this week, I will look at the next report next Friday.

See previous posts for Bitcoin analysis.

#fomc meeting from few days ago made a lot of Messi în the market. The roll down of the $BTC liquidate în cascade many longs. Bilions of $ were liquidated.
Also the #dominance got a leg up to 59.9% area and #alts made a deep correction.

But looks like the market is already in recovery system. The bull run is not finished yet and the alts didn't said their last Word.

IMO we still have maybe 60-90 days în front from this bull run. But we saw already that the MM's cab surprise us în different ways. So, let's se what they have prepared for us.

Enjoy!
And of course Merry Christmass everyone!!

Crypto Snapshot: Latest News & Trends

By SYGNAL   

📈 Market News:  

• Bitcoin ($BTC) saw a significant drop of 9%, falling below $93,000 after hitting an all-time high above $108,000 earlier this week. This reflects intensified market sell-offs and heightened volatility. (CNBC)   
• Ethereum ($ETH) and other altcoins like Solana ($SOL) and Dogecoin ($DOGE) dropped between 15%-25%, contributing to a broader $500 billion market cap decline. Experts anticipate heightened volatility but a potential recovery in 2025. (Forbes)   
• Increased volatility is expected in the crypto market, particularly around the settlement of the December 27, 2025 expiry. However, recovery is anticipated throughout 2025. (Forbes)   

💸 Money Flow:  

• Spot Bitcoin ETFs in the U.S. have surpassed $100 billion in assets, with BlackRock’s iShares Bitcoin Trust managing $60 billion, marking record growth. (Forbes)   

🌐 Adoption and Usage:  

• In the Eurozone, cryptocurrency ownership rose to 9% in 2024, up from 4% in 2022, showcasing growing interest and adoption in the region. (Barron’s)   

💼 Important Business Deals:  

• Experts predict a wave of acquisitions by mainstream financial institutions in 2025, aiming to modernize and integrate blockchain technologies. (Forbes)   

🗣️ Crypto Influencers:  

• Michael Saylor proposed allowing U.S. banks and corporations to issue tokens backed by the U.S. dollar, emphasizing its potential for adoption. (CNBC)

Why is the Crypto Market Down Today? 

The cryptocurrency market has taken a sharp hit, dropping by 3% to $3.3 trillion in market cap. Bitcoin’s rejection from its all-time high of $108K triggered panic selling, with $BTC now trading at $96,192. $ETH followed, slipping 10.5% in 24 hours to $3,383, alongside other top coins like $SOL and $ADA, which saw similar losses. Over $419 million was liquidated in the derivatives market, indicating significant volatility. US equities mirrored this decline, with the S&P 500 and Nasdaq posting losses ahead of the Fed’s crucial interest rate decision. The looming 0.25% rate cut could reshape market sentiment in the coming days. Crypto’s volatility serves as a reminder of its high-risk, high-reward nature. Stay vigilant as the market finds its footing amidst macroeconomic uncertainty.

Bitcoin Leads the Market Slump 

$BTC 6.4% drop to $96,192 set off a chain reaction across the crypto market, with altcoins following suit. This correction comes just days after BTC reached an all-time high of $108,364, only to fall sharply as profit-taking intensified. Long positions worth $53 million were liquidated, adding pressure to BTC's price. Despite this, the 50-day SMA at $90,839 remains a critical support level, with potential upside if the price rebounds strongly. Investors are keeping a close eye on BTC's next moves, as a break above $113K could reignite bullish momentum. However, failure to hold support might push prices to $90,839 or lower. Bitcoin’s behavior often sets the tone for the broader market, so this correction has far-reaching implications.