Over the weekend, the market was relatively calm, with Bitcoin fluctuating around $93,700 and Ethereum around $3,400.

Due to the lack of participation from major institutions and market makers, the market trading volume has already reached very low levels.

From the liquidation map, it appears that not many people have opened contracts recently; even if Bitcoin rises to $104,000 in the short term, it would only trigger $1.9 billion in liquidations.



If it drops to $84,000, it would only trigger $1.28 billion in liquidations. This indicates that most people are currently on the sidelines.

It is expected that this fluctuating market will last until around January 6, when US institutional investors return from their Christmas holidays, and market liquidity will slowly recover.

Next, unless there are new major positive or negative news, the market will likely continue to maintain a fluctuating trend.

It is worth noting that recently Ethereum's performance has begun to outperform Bitcoin.

Last week, the US Ethereum spot ETF saw a net inflow of $349 million, with BlackRock and Fidelity purchasing 100,000 Ethereum.

The net inflow of funds into the Ethereum spot ETF in December also reached a new high, which may be preparing for a rebound in 2025.

If Trump can bring a market rise after taking office on January 20, Ethereum's gains may surpass Bitcoin's, as its upward pressure is relatively smaller.

Moreover, Ethereum is performing well in the decentralized application space, with substantial infrastructure, especially since BlackRock's RWA project is built on Ethereum.

Therefore, BlackRock's investors are now one of the main buyers of Ethereum spot ETFs, and it is possible that their financial managers will continue to recommend Ethereum spot ETFs to users.

Big companies like BlackRock, Fidelity, and Grayscale may submit applications for Ethereum staking ETFs in January.

In March, Ethereum will undergo the Prague upgrade, which will benefit projects like ETH, ENA, UNI, and the market may start to heat up in January.

So I think there is a high probability that Ethereum will experience a wave of corrective gains in January.

Additionally, it is worth noting that Michael Saylor has released his Bitcoin tracker again.

This means MicroStrategy may start bottom-fishing Bitcoin again.



I think Bitcoin has reached a bottom range. Today, I also updated the bottom-fishing projects and entry points in the VIP group, so everyone can place orders in advance and buy in batches.

Recently, the founder of Pantera also stated that he believes August 2025 may be the peak of this cycle.

2025 will be a bull market, followed by a decline starting in 2026.

He also revealed that he sold all his Tesla stock in 2013 and went all-in on Bitcoin.

He suggests that young people join the blockchain industry because it has asymmetric return characteristics. The upside potential is large, and the downside risk is controllable.

He believes that traditional wealth accumulation channels are becoming increasingly difficult, and blockchain provides a relatively fair competitive environment for the younger generation.

Among altcoins, the AI agent sector is performing the strongest.

Projects like virtual, ai16z, and aixbt have shown counter-trend rises.

ai16z released a new white paper, making it somewhat similar to the duopoly competition between Android and Apple.

However, yesterday there were reports of a photo of the a16z boss and Sun.



Sun's involvement indicates that the AI agent market may be a bit overheated, and there is a need for short-term adjustments.

It is advisable to take profits when available, at least to recover the principal and leave the profits to run.

The DeFi sector as a whole has started to weaken, mainly due to the new DeFi broker regulation bill in the US.

It requires DeFi users to complete KYC and pay taxes, which may be implemented as early as 2027.

It is worth noting that the DeFi Education Fund tweeted that the industry is fighting back against the IRS's 'broker' rule.

To protect the DeFi and digital asset industry, they decided to sue the US Treasury and the IRS.

a16z Crypto also stated support for the Blockchain Association's lawsuit against the IRS.

It can be seen that someone has already begun to fight back.

If this bill is truly implemented, it will affect the liquidity of the crypto market, especially DeFi liquidity.

We can continue to monitor the subsequent developments to see if Trump will withdraw this bill after taking office.