🎉 Share Your 2025 Year-End Summary & Win $10,000 Sharing Rewards!
Reflect on your year with Gate and share your report on Square for a chance to win $10,000!
👇 How to Join:
1️⃣ Click to check your Year-End Summary: https://www.gate.com/competition/your-year-in-review-2025
2️⃣ After viewing, share it on social media or Gate Square using the "Share" button
3️⃣ Invite friends to like, comment, and share. More interactions, higher chances of winning!
🎁 Generous Prizes:
1️⃣ Daily Lucky Winner: 1 winner per day gets $30 GT, a branded hoodie, and a Gate × Red Bull tumbler
2️⃣ Lucky Share Draw: 10
QCP: During the holiday period, thin liquidity led to BTC price distortion, and directional choices need to wait for liquidity to return
QCP Capital analysis indicates that BTC rose about 2.6% in the early trading session, with holiday liquidity shortages causing price distortion. Bitcoin is primarily driven by spot and perpetual buy orders rather than liquidation-driven movements.
On Deribit, the BTC perpetual funding rate has risen above 30%, indicating that traders are in a short gamma position on the upside. If the price stabilizes above $94,000, it could amplify hedge buying.
On the downside, the December $85,000 put options were not rolled over, and the open interest after expiration decreased by about 50%, reflecting market funds are on the sidelines. The directional choice may need to wait for liquidity to return.