Trump has not made any significant announcements affecting cryptocurrencies in recent times. Currently, the market is left to its own devices while everyone focuses on Powell’s remarks in this Fed week. Today, QCP Capital analysts shared their latest forecasts for cryptocurrencies.
QCP’s Cryptocurrency Predictions
Bitcoin 
$78,680 and Ether are currently stuck at shallow levels. Bitcoin struggles to surpass $94,000 and altcoins have suffered in this process. While Bitcoin remains above $90,000, many altcoins have returned to key support levels.
QCP Capital analysts believe the price movements on Sunday could be an early indicator of continued volatility during the upcoming holiday season. In the last 24 hours, Bitcoin fluctuated between $87,700 and $92,287, while Ether sharply rebounded from $2,919 to $3,150.
“Despite the speed and magnitude of the movement, liquidations amounted to approximately $440 million, a relatively modest figure compared to typical levels seen this year. This suggests a continued decline in general interest in cryptocurrencies due to fatigue, caution, or simple disinterest as investors await clearer direction. There is a significant decrease in the urge to take positions.” – QCP Capital Analysts
The analysts highlighted that Google search data shows terms like crypto and BTC have fallen to bear market levels. Furthermore, open positions in futures are decreasing. BTC perpetual open positions have declined by 44% from the October peak, and for ETH, this figure exceeds 50%.
“The dynamics are clear: with declining participation and deteriorating liquidity, smaller flows are increasingly required to create significant moves.” – QCP Capital Analysts
Expectations for Cryptocurrencies
While individual and smaller investors calm down, institutions and whales continue to accumulate. Even though purchases from companies like Strategy and Metaplanet have slowed, approximately 25,000 BTC has exited exchanges in the last two weeks. Bitcoin ETFs and corporate treasury companies hold more Bitcoin than all cryptocurrency exchanges combined. The movement of a large portion of the BTC supply ready for sale from exchanges to long-term investor wallets is positive.
Not only Bitcoin but also ETH exchange reserves are moving in the same direction, with the lowest ETH supply in exchanges in the past decade. Considering the 10-year inflation and other details, this bottom is extremely intriguing.
“Sunday’s movements highlighted how shallow the market has remained with year-end liquidity reducing. Therefore, it’s not surprising that institutional accumulators continue to buy on dips rather than chase rises, especially since a sustainable break above $100,000 could rekindle large-scale treasury demand.”
Analysts wrote that the main focus for cryptocurrencies is the Fed.
“Although a 25 basis point cut is largely priced in, markets will focus on any guidance regarding the Fed’s balance sheet strategy. Any hint about future asset purchases could trigger additional rallies in risk assets, including stocks and crypto.
For now, BTC is moving within a range, and both bullish and bearish camps will find evidence supporting their views. Ultimately, a clear break below $84,000 or above the psychological $100,000 level will determine the next major trend. Options markets reflect this: Last Friday, there was significant demand for the 25SEP26 50k/175k straddle, suggesting some investors are positioning for a noticeable move once BTC breaks out of its current range.”
