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QCP Capital analysts identify the main problem facing the crypto market
According to trading experts, signs of market stress are beginning to ease as bitcoin’s price stabilizes. However, there is a possibility that short-term volatility could increase over the coming days. Low liquidity could trigger cascades of trader liquidations even on relatively small price moves, QCP Capital specialists believe.
If no decisive breakout occurs in either direction — one that significantly alters trader positioning and expectations for 2026 — cryptocurrencies are likely to remain stuck within a narrow price range. The market is effectively trapped between weak liquidity and trader behavior, the analysts explained.
QCP Capital expects uncertainty to persist until full trading activity returns at the beginning of the new year, 2026. The coming week will show whether the market can maintain its fragile balance, the experts concluded.
The current situation reminded analysts of December 2017, when major players were also actively locking in profits. However, the structure of the crypto market has changed fundamentally since then: spot bitcoin ETFs have emerged, creating additional correlation with traditional assets.
An analysis of economic factors revealed an interesting detail: gold’s rise against a backdrop of bitcoin stagnation may signal a reassessment of cryptocurrencies’ role as safe-haven assets. Central banks continue to increase their gold reserves while ignoring digital assets. The market may be testing the hypothesis of whether bitcoin can retain its status as an inflation hedge amid political uncertainty, QCP Capital representatives concluded.
Earlier, Tether CEO Paolo Ardoino said on the Bitcoin Capital podcast that the main risk factor for bitcoin in 2026 would be an “artificial intelligence bubble.”
