The Flows on the Square | 2025.12.15

Yesterday's market scene was tense, with Bitcoin quickly dropping below 88,000, and Ethereum also dipped near 3,020 before both were strongly pulled back. This deep dip and rebound seem more like a concentrated risk release and testing at a critical level. The upcoming week's trend will revolve around the results of this test.

The key question is whether this dip truly marks a bottom. For Bitcoin, the $86,000 level has been emphasized by analysts as a crucial support that must hold, and yesterday's rebound temporarily defended this line. Ethereum's $3,050–3,080 zone has repeatedly proven to be a strong support, with prices seeing significant buying from "smart money," including whales. Data shows that a single whale recently established a long position worth nearly $392 million, and spot Ethereum ETF funds have continued to flow in this week. This explains why Ethereum's rebound above the $3,000 mark has been so strong.

As the Christmas holiday approaches, market liquidity will gradually dry up, and volatility is likely to be amplified. Therefore, in the remaining days of this week, the market will probably continue to oscillate and gather strength for the post-holiday direction. Both bulls and bears will fiercely contest the key support levels mentioned above.

Core view: This week, the market will enter a phase of "consolidation with reduced volume and support reinforcement." In terms of trading, it is not advisable to chase highs. Focus on two key defensive levels: Bitcoin's $86,000 and Ethereum's $3,080. As long as these two levels are not broken with increased volume, the market structure remains healthy, and the support from this rebound is valid. On the upside, attention should be on whether Bitcoin can return above $90,000 and stabilize, and whether Ethereum can challenge the $3,200 resistance. During the holiday mode, patience is more important than frequent trading. $BTC ‌$ETH ‌#广场发帖领$50 #加密市场反弹