#DecemberMarketOutlook

December is shaping up to be one of the toughest yet most instructive months for crypto. Although the sharp pullback at the end of November rattled investors, reading the situation based solely on red candles would mean missing the true nature of December. The market is currently revolving around three main axes: liquidity, macro expectations, and the positioning of major players.

The panic that triggered the latest drop was largely fueled by three factors:
— Weak inflows on the ETF front
— Ongoing uncertainty about interest rates on the macro side
— And silent sell-offs that aren't visible on-chain but have a strong impact

But the tone of December is different from November. What makes this month critical is that data will finally start to provide direction. The Fed halting its tightening, the end of QT, and the steadily growing stablecoin supply… These are details that change the pulse of the market, not just the price. The "unspent arsenal" feeling in CryptoQuant's data supports this: the market is still on alert, but not defeated.

The three indicators I'm watching for December are clear:
— Thinning liquidity zones around BTC
— Increasing transaction activity and a micro-recovery in fees on ETH
— And renewed acceleration in whale activity on the altcoin side

At this point, it's less about where the price will turn and more about who is about to turn. When the big wallets start adding positions, the chart always reacts late.

That's why, for me, December is not a "bullish month," but a "positioning month."
It's neither time for blind bottom-fishing nor panic selling.
This month is the preparation for what kind of 2026 we'll see.

If it were up to me, I'd proceed in December as follows:
— Not aggressive, but regional tracking on BTC
— If structure is recovering on ETH, prepare for the mid-term
— On alts, focus only on projects with a clear catalyst

Crypto always punishes the impatient; December does this especially harshly.
But for those who can read the data, there's always a margin for opportunity.