QCP analysis indicates that the crypto market has stabilized this morning, with Bitcoin hovering around $92,000, selling pressure easing but the overall market remaining cautious. ETF experienced a net inflow of $56.5 million on the day, with cumulative redemptions exceeding $1.1 billion in November, and the derivatives market still shows signs of caution. The market is focused on tonight's Federal Reserve FOMC meeting, with interest rate decisions largely priced in, and attention on Powell's remarks. The Bank of Japan's December 19 meeting has become the next risk event, with long-term government bond yields reaching multi-year highs. Bitcoin has remained mostly flat this year, and after absorbing volatility, it has yet to form a new trend.