QCP: Bitcoin hits $100000 resistance, market focus shifts to Ethereum and other altcoins

On November 25th, according to the latest report released by QCP, the cryptocurrency market fell yesterday, with over $100 million worth of BTC and ETH holdings cleared on major exchanges. However, both remain stable above key support levels of $95000 and $3200, respectively. Although there was a pullback over the weekend, the forward volatility remains high. The market expects BTC to maintain range bound volatility before December, while the focus shifts to ETH in the short term. The ETH risk reversal indicator shows a high demand for short-term call options, while the demand for BTC call options is concentrated after December 27, 2024, or may be related to the potential impact of Trump's policies supporting cryptocurrency, which are expected to take effect next year. Recently, the market value of BTC has decreased from 62% to 59%, reflecting a trend where funds may gradually shift from BTC to ETH and other altcoins. In addition, Michael Saylor hinted today that he may increase his holdings of BTC. The market is paying attention to whether MicroStrategy's new round of purchases will push BTC to break through the 100K mark. If it does, BTC may further rise, while altcoins may be affected in the short term.