2024 12 24
Market Trends
1. Overview of Market Trends
BTC prices fell, and BTC dominance fell sharply.
Altcoins generally rose, with Defi and AI sectors performing particularly well.
The U.S. stock market rebounded, but was closed all day on Christmas Day on Wednesday.
2. Interpretation of Market Hotspots
Hotspot 1: BIO, a new Desci on BN
BIO is a decentralized scientific DAO organization focusing on the biomedical field.
Hotspot 2: Defi sector soared
Defi projects such as Usual, Aave, Cvx, Crv, Fxs, and Morpho soared.
The reasons for the rise are mainly around the US compliance narrative, such as Aave is related to the Trump concept, and Fxs and Crv cooperate with BlackRock.
BN invested in the Usual project.
Hotspot 3: Platform coin FTT rose
The rise in FTT may be related to the news that Sbf may be pardoned by President Biden.
Hotspot 4: On-chain AI sector rebounds
On-chain AI projects such as Virtual, Aixbt, Game, Goat, and Arc rebounded.
The Sol/Eth exchange rate began to reverse.
The Aipool_Tee project began ICO on the Sol chain, and investors can leave their addresses to participate.
Other important information
MicroStrategy acquired 5,262 BTC for approximately $561 million, at a price of approximately $106,662 per Bitcoin.
As of December 22, 2024, MicroStrategy holds 444,262 BTC at a price of approximately $62,257 per Bitcoin, and the acquisition price is approximately $27.7 billion.
Virtual once again gave the opportunity to pick up goods near 2.1, and the current rebound has reached 47%.
If Bitcoin falls below $92,000, the cumulative long order liquidation strength of mainstream CEX will reach 321 million.
On the contrary, if Bitcoin breaks through $97,000, the cumulative short order liquidation strength of mainstream CEX will reach 353 million.
