QCP Capital experts have published a new report on the situation on the crypto market, noting the decline in the rates of major cryptocurrencies. Investors are switching their attention from Bitcoin to Ethereum, analysts say.

QCP Capital noted that despite the correction, Bitcoin and Ethereum maintained their positions above key support levels: $95,000 for Bitcoin and $3,200 for Ethereum. At the same time, volatility remains elevated in the medium term.

“The industry expects that Bitcoin may trade sideways through December, with investor attention shifting to Ether. Risk reversals (the difference between the cost of put and call options at one strike, which shows traders’ expectations regarding future price movements) for ether show a significant advantage in favor of call options in the near term. This indicates that market participants are willing to pay more for the opportunity to profit from the rising price of ether,” the report says.

At the same time, Bitcoin call options seem to be in greater demand only from December 27, 2024, which may be caused by the upcoming influence on the crypto market of the new White House administration and President-elect Donald Trump, experts emphasized.

According to them, current market dynamics indicate the possibility of short-term dominance of altcoins, unless new acquisitions by large institutional funds provide additional impetus to Bitcoin’s growth.

Previously, analysts surveyed by The Block stated that the ratio of the price of ether to the cost of bitcoin fell to the minimum last observed in March 2021. However, ether has the potential for a reversal relative to the first cryptocurrency, experts noted.