Today, the Nasdaq 100 index will include MicroStrategy on December 23, which is a long-term benefit for the crypto industry and further boosts market sentiment.

What does MicroStrategy's stock entering the Nasdaq 100 index mean?

This means they can use US investors' funds to borrow more money to buy Bitcoin.

In the future, more mainstream capital will passively purchase MSTR shares through index funds. Capital in the crypto space is growing, which will further drive up the price of Bitcoin.

Recently, fans have been asking when the altcoin season will explode, given that Bitcoin has already risen so much! What other trading opportunities do we have?

In reference to the BTC cycle of historical bull markets, a simple flow of funds typically occurs before the altcoin season: BTC → ETH → large-cap coins → mid/small-cap coins → almost all coins start to surge → bull market ends and enters a long bear market phase.

Sector rotation trend

  • The DeFi sector's restaking projects benefit from rising risk aversion, with a preference for fund allocation increasing. In a context of heightened market volatility, the DEX sector experiences increased on-chain activity driven by arbitrage demand, indicating positive sector sentiment.

  • The AI sector's Agent sub-sector maintains high attention, with the market size reaching $6-7 billion. The accelerated integration of Web2 and Web3 ecosystems, along with the expedited process of integrating data networks and functional AI Agents with existing crypto products.


Trump's administration is favorable for BTC + DeFi + RWA.

Overall market theme overview



Will the market welcome a second wave of DeFi summer after Trump takes office?

In the current market environment, the DEFI sector has the most outstanding application value and is the most complete development track.

From the recent independent market performance of DEFI projects, including Trump buying LINK and AAVE, it is very likely that Ethereum will lead a wave of independent market performance, which is also indirectly optimistic about Ethereum.

Most top DeFi projects in the market are built on the Ethereum ecosystem, and many large institutions still prefer Ethereum, such as Coinbase's Base chain.

Because Ethereum has comprehensive security advantages for DeFi, not only in terms of network decentralization but also a large number of security cases, audits, and white-hat resources, which are very important for DeFi and large institutions.

Trump started planning altcoins even before taking office, and there is much anticipation for the changes he will bring to the crypto space after officially taking office, which currently seems quite friendly, and the future potential will be very large!

The resonance development of Ethereum and DeFi

-$UNI: As a representative of the automated market maker (AMM) model, it is the leading coin in the DeFi market.

-$AAVE: Aave is the leading coin in decentralized lending protocols.

-$LDO: Leading coin in Ethereum staking sector.

-$ENA: The USDe protocol launched by Ethena Labs provides a stable synthetic dollar for the crypto market, leading coin in the DeFi stablecoin sector.

$hype = the decentralized version of FTX + FTT + SOL from the last bull market.


King of DeFi, King of on-chain buybacks, King of burns.


Hype is the only one that can match or exceed Binance in terms of liquidity and depth. The market needs to immediately acquire some equity or buy coins as a strategic layout. The newly launched Layer-1 blockchain token, just a week old, has performed particularly well.


The rise of RWA on-chain real asset projects.

-$Ondo: Focused on the tokenization of traditional financial assets, especially the on-chainization of treasury bonds, backed by BlackRock.

-$MKR: Using decentralized stablecoin DAI as collateral for RWA, combined with DeFi strategies.

-$PENDLE: This project provides a yield trading protocol and belongs to an innovative model.



Recently, the AI Agent sector has performed exceptionally well in the altcoin market. Unlike the DeFi narrative of the last bull market, this bull market is likely to be led by AI Agents, a sector that cleverly combines Meme culture and technological applications. Recently, several AI Agent tokens have performed outstandingly, such as:

$griffain: Shining brightly in the Solana ecosystem, rising 100 times in a week.

$virtual: Market cap has exceeded $2.4 billion.

$ai16z: Market cap reaches $1 billion.

Next year, OpenAI will make a strong push into next-generation artificial intelligence systems.

Google has also released Gemini 2.0, clearly positioning it as 'AI model for the agentic era.'

They also designated 2025 as the 'Agent Year,' as the areas covered by Agents, including finance, payments, and data, are a perfect match with blockchain.

I think this could trigger a revolution even more exciting than DeFi.

AI agents and AI memes will become a major trend in the next five years, where many projects with 50-100x potential may emerge.

AI agents are the main narrative, far surpassing the metaverse of 2021. Hype will be the main battlefield, and projects like virtual will take off if they are launched, initiating a new flywheel - new assets, new sectors, new opportunities.

AI agent sector

$goat - a status similar to BTC memes.

virtual and ai16z - a status similar to last round's eth and sol.

game and ELIZA - a status similar to the dex or L2 of the eth and sol ecosystems.

Currently, projects in this sector are mainly divided into two categories: one is agent platforms and frameworks, such as virtual; the other is AI meme types, such as goat.


In this round of the bull market, this sector may see projects worth 10 billion to 50 billion.



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