The current situation in the crypto market is really that Bitcoin is "enjoying the fun alone", while other currencies are facing hell-level difficulties. Going long is not an option, and going short is not an option either. Now, as long as Bitcoin drops by 1 point, those smaller currencies would like to drop by 5 points. The means of cheating money by altcoins are becoming more and more blatant. I thought it was a bull market, but it turned out to be a bull market for Bitcoin, not a bull market for altcoins at all. It seems that retail investors are just being sentimental. This bull market seems to be tireless, and Bitcoin has been rising all the way without even a pullback.
Let's summarize the key points of the morning:
1. BTC trend analysis
BTC's daily line has a top divergence, and it is already in the staged top range, but from a small level, it is still very strong. The position of 103333 is the key to the defense of the bulls.
2. ETH Outlook
It is expected that Ethereum will usher in a wave of explosion. Recently, big funds have been buying Ethereum crazily, placing orders at 2943 and 2913, with a position of 5.5 and a defensive position of 3884.
3. Ethereum whale wallet holdings
There are currently 104 whale wallets, each holding at least 100,000 Ethereum, and their total holdings account for 57.35% of all existing Ethereum.
4. Ethereum high-win rate whale operation trends
Those whales with a high win rate in Ethereum transactions are selling Bitcoin and buying Ethereum instead.
5. Sol trend and unlocking selling pressure
Sol's trend is quite bad, and the unlocking selling pressure in the next few months is relatively large. Starting from December 18, 0.01% will be unlocked every day.
6. Focus on the Fed's interest rate decision
The Fed will announce its interest rate decision on December 18, so pay close attention to it this Thursday.
7. The linkage between Bitcoin, Ethereum and altcoins
Bitcoin is currently in a sideways state, and some funds have begun to return to Ethereum. Only after Ethereum catches up, altcoins may start to take off.
8. Ftx repayment plan
Ftx's $16.5B repayment plan is scheduled for January 3, and the first payment will be paid within 60 days.
9. Important news from MicroStrategy
MicroStrategy will officially join the Nasdaq 100 Index on December 23, 2024.
