Bitcoin is trading around $87,500, down roughly 0.3% from the prior session as intraday volatility remains subdued and there is no clear uptrend. Ethereum is firmer, hovering near $4,200 after a modest gain of about 0.1%.
Altcoins broadly weakened, with XRP around 2,600 won and SOL near 178,000 won, each down roughly 0.5% to 1%. The market has diverged from equities and commodities that show year-end strength, suggesting the crypto space may remain range-bound as investors stay cautious. Open interest in Bitcoin futures has slipped to an eight-month low, amplifying leverage liquidations while overall trading volume shrinks. Retail participation has also waned, limiting near-term rebound momentum.
With October’s high around $126,000 and the 1-year moving average near $102,000 under pressure, analysts warn that any bounce could be muted. A weekend options expiry exceeding $23 billion could introduce heightened near-term volatility.
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