#数字资产市场动态 $BTC $ETH $BNB

The crypto market during Christmas week is completely silent—Bitcoin remains tightly range-bound between 86.5K and 89K, while Ethereum even dipped below $2900. The chart image couldn’t be more obvious: it’s a straight line, with volatility dropping to a level that’s almost sleep-inducing.

This is no coincidence. As the holiday approaches, Western traders and market makers are taking time off, leading to inevitable market liquidity drying up. Coupled with options contracts expiring and settling, trading volume hits a six-month low. Nobody wants to take risks at the end of the year, so the market just stalls.

But from another perspective, this is a normal correction within a bull market. A drop of about 30% from the high of $126,000 is actually a process of market self-purification—short-term speculators with leverage are being ruthlessly cleaned out. Funding rates have returned to neutral levels, indicating that the crazy over-leverage phase has ended, and spot buying can finally breathe.

The truly compelling signals come from the institutional level. Bitwise’s latest forecast shows that in 2026, the capital inflow into Bitcoin ETFs could surpass all new Bitcoin supply for that year. Grayscale is even more direct—they expect Bitcoin to reach a price target of $130,000 to $150,000 in 2026. This is no longer a retail frenzy; it’s Wall Street’s compliant funds entering in an orderly, large-scale manner. We are witnessing the historic moment when crypto assets are officially being included in institutional asset allocations.

On-chain data is also interesting. Although active addresses have decreased by 22%, long-term holders are quietly increasing their positions against the trend. On the surface, it’s dead silence, but underlying currents are surging.

This consolidation phase is likely the last discount before institutions take over. Bitcoin at $87,000 may seem uninspiring, but it could very well be your last golden opportunity to get in. When institutions push the price to $150,000 in 2026, you won’t want to miss this boring moment.