The results of BTC and ETH in the first week of December may be influenced primarily by several key factors. The first is the inflow of funds into BTC and ETH ETF funds. In November, BTC ETFs saw net inflows of $5.6 billion, while ETH ETFs hit a single-day record high with an increase of $300 million. ETH ETFs recorded (significant) net inflows in November, signaling growing interest in the Ethereum ecosystem from traditional capital.
Secondly, the dynamics of sector assets is significant. The rotation of market funds between different sectors has accelerated, and assets in the Ethereum ecosystem are registering strong gains. The ETH/BTC exchange rate continues to increase, a trend that often maintains its momentum over time.
Third, the continued net inflow of stablecoins is noteworthy. According to data from DeFiLlama, the value of stablecoins across the market increased by USD 20 billion in November, bringing a lot of liquidity to the cryptocurrency market. This trend of stablecoin inflows is unlikely to reverse in the short term, suggesting that market enthusiasm will remain high.
Based on these factors, BTC is expected to trade between $92,000 and $110,000 in the first week of December, while the rate is expected to trade between $3,300 and $4,000. From an options market perspective, the probability of BTC breaking through $100,000 this week is 38%, while the probability of ETH breaking $4,000 in December is 35.3%.
