The cryptocurrency market at the end of the year has just experienced a significant shakeout. Less than 19 hours ago, the total market capitalization rapidly declined from $3.02 trillion to $2.93 trillion, evaporating nearly $100 billion. Bitcoin dropped from a high of $90,230 to around $86,818, finally closing at $87,157; Ethereum also couldn't hold up, falling directly from $3,050 to $2,934.

Honestly, it's not surprising to see such market behavior at year-end. Liquidity typically decreases significantly during this period, institutional investors are gradually closing for the holidays, and market participation is severely lacking. Any slight movement can trigger a chain reaction— even a minor negative signal could lead to a stampede. In the short term, the market looks quite fierce, but from a technical perspective, there's an interesting sign—both Bitcoin and Ethereum's daily MACD charts show slight bullish divergence signals, which may indicate that the downward momentum is gradually weakening.

The key now is whether the bulls can hold their ground at this level. If they can't, the market may continue to decline in search of support.