Bitcoin is trading around $74,500. In the January futures contract market, there are no signs of a major liquidation event, and a relatively calm development continues.

Some believe that market participants are taking profits before reaching the level of over $80,000. During the Asian trading hours, both institutional investors and individual traders are showing a strong wait-and-see sentiment.

In the futures market, large-scale liquidations have been cleared, reducing the risk of a short-term sharp decline. However, it remains uncertain how long this calm will last.