glassnode: Option Market Reinforces Bitcoin's Range-Bound Pattern, with a Range of $81,000 to $95,000
On December 18, Glassnode released its weekly market analysis, noting that the market continues to oscillate within a fragile, time-sensitive structure—driven by heavy supply, ongoing realized losses, and steadily weakening demand.
Bitcoin’s price was rejected around $93,000 before pulling back to $85,600, reflecting dense supply accumulation in the $93,000–$120,000 range. Previous strong buyers have consistently capped rebound attempts. As long as price stays below the 0.75 percentile (roughly $95,000) and fails to reclaim the short-term holding cost benchmark of $101,500, upside potential will remain limited.
Despite downward pressure, patient demand has so far kept realized market value near $81,300, halting further declines. Spot demand remains selective, corporate fund flows are intermittent, and futures positions continue to reduce risk rather than rebuild confidence.
The options market has reinforced this range-bound pattern: near-month contract volatility has narrowed,
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Opinion: Bitcoin Short-Term Downside Target Price is $70,000
On December 18, cryptocurrency analyst @alicharts shared a market note, noting Bitcoin is breaking out of a flag consolidation pattern and targeting $70,000.
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Bitunix Analyst: CPI Credibility Constrained, Bank of England May Cut Rates, ECB Shifts to Wait-and-See Mode, Increasing Global Policy Divergence, Crypto Market Focused on Liquidity Expectations
**December 18: U.S. November CPI is set to be released tonight.**
Data collection for this inflation print is significantly shortened and highly concentrated due to the prior government shutdown and holiday factors, making it hard to fully reflect underlying inflation trends. The market expects year-over-year November CPI to come in around 3.1% and core CPI around 3.0%. However, multiple institutions have flagged data reliability risks—tariff factors still pose potential upward pressure on commodity prices, so cautious interpretation is advised.
**Also tonight, the Bank of England (BoE) is highly likely to deliver a 25bps rate cut, lowering its benchmark rate to 3.75%.**
Recent rapid inflation declines, weakening economic activity, and softening employment conditions have sharply increased the odds of Governor Bailey shifting to a dovish stance. The market has priced in over 90% probability of this cut, but consensus is growing that the UK’s rate-cut cycle is nearing its end,
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Announcement: The latest US CPI and unemployment numbers and other labor market data will be released tonight at 21:30
December 18th
The U.S. Department of Labor will release three key economic indicators at 21:30 Beijing time:
- November non-seasonally adjusted CPI year-over-year rate (forecast: 3.1%)
- Initial jobless claims for the week ending December 13th (in thousands)
- November non-seasonally adjusted core CPI year-over-year rate
Federal Reserve Chair Jerome Powell said in a December 11th speech that the labor market is gradually cooling, while inflation remains somewhat elevated with upside risks. He added labor demand has slowed significantly, vitality has weakened, and the sector shows noticeable softness.
Goldman Sachs analyst Kay Haigh noted the Fed has reached the end of its "insurance rate cuts." "Next, labor market data must weaken further to justify additional recent easing policies," she stated.
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Analysis: If the Crypto Treasury company is removed from MSCI, it could trigger a outflow of $10 to $15 billion
On December 18, BitcoinForCorporations released a report noting that if the MSCI Capital International Index excludes cryptocurrency treasury companies, those firms could be forced to sell up to $15 billion in crypto assets.
The group opposing MSCI’s proposal—BitcoinForCorporations—based its prediction on a preliminary verified list of 39 companies with a combined market capitalization of $113 billion, forecasting a potential outflow of $10 billion to $15 billion.
Additionally, JPMorgan analysis finds that Michael Saylor’s MicroStrategy (which accounts for 74.5% of the total market cap of affected firms) could face a $2.8 billion outflow if removed from the MSCI index. Analysts estimate the total potential outflow across all affected companies could reach $11.6 billion. Such a large outflow would add significant selling pressure to the crypto market, which has trended downward for nearly three months.
As of press time, BitcoinForCorporations’ petition has collected 1,268 signa
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Solana has released its annual key theme "Capital Markets," while its founder Toly's annual key theme is "Cook."
Recently, on December 18th, social tokenization platform Trends.Fun launched a tweet campaign on X (formerly Twitter): **summarize your 2025-Solana story in two words**.
Solana’s official X account replied with “Capital Markets” — **signaling 2025 will be the year Solana breaks into traditional finance**.
Trends.Fun founder Toly used the Chinese term for “cooking” (translated as “Cooking”); in Web3 slang, “Cook” refers to building a product or operating a token.
Multicoin partner Kyle Samani’s keyword was “Outperforming Cefi” (outperforming centralized finance).
The campaign is still ongoing: all participants are eligible to enter a raffle for a $12,000 SOLARLAMA token prize pool.
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