TechFlame reports, on December 10, Matrixport released its daily chart, stating, "Implied volatility continues to decline, and market expectations for Bitcoin to experience another significant upward breakout before the end of the year have also noticeably cooled."

Against this backdrop, the upcoming Federal Reserve interest rate meeting is widely regarded as the last significant event window of the year. After the meeting results are announced, combined with the approaching holidays and the continued lack of new net inflows into Bitcoin ETFs, the market is more likely to return to range-bound fluctuations. Directional opportunities remain relatively limited, and volatility is highly likely to continue its downward trend.

Pricing in the options market also confirms this: investors' bets on unexpectedly strong upward movements in late December are gradually converging."