OneBullEx Crypto Weekly Recap: Crypto Markets Face Renewed Volatility as BTC and ETH Retreat

Volatility Returns as BTC and ETH Slide Amid Macro Pressure, Markets Seek Stability
 

Market Overview

This week, cryptocurrency markets faced renewed selling pressure, with Bitcoin (BTC) retreating toward the mid-$86,000s and Ethereum (ETH) dropping sharply. ETF outflows, leveraged liquidations, and heightened macroeconomic uncertainty drove volatility across both major coins and selected altcoins. Early in the week, BTC briefly rallied above $89,000, while altcoins including XRP and SUI showed temporary strength. However, these gains were short-lived, leaving the market cautious as December approached.
 

Catalysts Behind the Moves

The market’s volatility was largely driven by forced liquidations on major exchanges, which amplified downward pressure across BTC and ETH. Withdrawals from major Bitcoin ETFs and decreased institutional participation drained liquidity, undermining the market’s momentum. At the same time, global macroeconomic uncertainty and speculation over interest rate policies fueled risk-off sentiment, keeping traders on alert. Market sentiment indicators, including the Fear and Greed Index, reflected growing caution, signaling a defensive mood among investors.

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