Odaily Planet Daily reported that well-known crypto analyst Omkar Godbolev published an analysis article stating that the price chart of SOL shows a bullish reversal pattern. According to technical analysis theory, this pattern is seen as a low-risk opportunity for trend breakout traders. The SOL price surged over 7% this week to $193, rebounding from a previous resistance level that turned into support, determined by a trendline connecting the highs in March and July. This line, along with the line connecting the lows in April and August, defines a large downward channel, encompassing long-term fluctuations from March to October. The SOL price broke out of this channel in early November, confirming a bullish tendency. SOL quickly climbed above $260 and then retreated to the breakout point last week, which technical analysts refer to as a bullish reversal pattern. A similar reversal pattern was perfectly presented in Bitcoin in the second half of 2023, laying the foundation for a large-scale bull market. (CoinDesk)

Odaily Planet Daily News OSL Managing Director Ryan Miller said that the trading volume and capital inflows of Hong Kong crypto ETFs are expected to see "substantial growth" in 2025, as positive global and local sentiment will make these funds more active. Following the successful launch of the US Bitcoin spot ETF, Hong Kong launched six Bitcoin spot and Ethereum spot ETFs in April 2024. As of December 11, the Hong Kong Bitcoin spot ETF has accumulated 4,560 BTC (US$444.6 million) and the Ethereum spot ETF holds 16,280 ETH (US$59.6 million). In terms of the ratio of crypto ETFs to their respective stock markets, the performance of US and Hong Kong crypto ETFs is similar. It is expected that the trading volume and capital inflows of Hong Kong ETFs will "grow significantly" in the next year. On December 6, the total trading volume of Hong Kong crypto spot ETFs exceeded US$58 million, a record high. (TheBlock)

Odaily Planet Daily News MicroStrategy issues stocks or zero-coupon debt backed by a small amount of Bitcoin reserves to simply arbitrage and purchase a large amount of Bitcoin. The company announced in October that it plans to raise $42 billion over three years using these methods and is accelerating towards this goal. Bernstein analysts believe that 'MicroStrategy is playing a Bitcoin leverage game.' Analysts state that the longer debt maturities provide some buffer for the company in case of immediate repayment or Bitcoin price fluctuations. Moreover, even if MicroStrategy has to issue stocks to repay convertible bonds, the dilution effect on the company's equity from these stocks is limited. 'MicroStrategy increasingly relies on issuing stocks to purchase Bitcoin, but when it opts for convertible bonds, bond purchasers can obtain the option to convert them into company shares at a certain price, which is almost equivalent to a call option.' (foxaraby)

Original author: Stacy Muur

Original translation: Deep Tide TechFlow

Introduction

As the year draws to a close, various studies and predictions are flooding in. @Delphi_Digital recently released the (2025 Market Outlook), which delves into an analysis of the current market situation and future trend outlooks, covering a range of topics, including Bitcoin price trends, major trends, and risk factors.

Given the length of the full text, a complete reading requires significant time. Deep Tide TechFlow has compiled an article summarizing the core viewpoints of Stacy Muur regarding (2025 market outlook).

This article divides the Delphi Digital report into three main parts: the rise of Bitcoin, the bubble of altcoin season, and future development trends. Currently, Bitcoin's market cap has reached about $2 trillion, while the performance of altcoins has been lackluster. Looking ahead, the growth of stablecoins may bring hope for market recovery. At the end of the article, Stacy Muur also expresses her unique views on the 2025 crypto market, believing that the crypto market is evolving from the 'Wild West' to a more regulated alternative stock market. Web3 native users are willing to take high risks and engage in speculative trading. New entrants will adopt more robust risk management, focusing on long-term value, while some narratives may be marginalized.

Preface

Since its launch in 2017, Cardano (ADA) has grown into a PoS network that aims to push the limits of blockchain technology. As a platform committed to security, scalability, and functionality, Cardano is more than just a cryptocurrency, but provides a powerful environment for developers and users to build decentralized applications and systems. Through close collaboration with organizations such as Input Output Global (IOG), the Cardano Foundation, and EMURGO, Cardano has taken a major step on its roadmap to enter the fray in areas such as smart contracts, defi, and NFTs.

Odaily Planet Daily News: Interactive Brokers Chief Strategist Steve Sosnick pointed out last week that MicroStrategy's Michael Saylor's strategy is to issue convertible bonds and use the proceeds to buy Bitcoin, which is essentially the definition of leveraged trading—borrowing money to purchase financial assets. This approach is very effective when the price of the asset moves in your favor, and Bitcoin has performed remarkably well. However, if it moves in the opposite direction, this approach can collapse in a nasty way. Steve Sosnick emphasized that MicroStrategy benefits from a 'self-fulfilling feedback loop.' It buys more Bitcoin, helping to push the price up, then sells more debt and equity to buy even more Bitcoin, further driving up the price. But such things never last forever, and they often end badly—the question is when? The short-term answer seems to be not yet.

After four consecutive weeks of gains, BTC price sharply declined after reaching an all-time high of $108,353 on the 17th, quickly dropping to $92,232 within three days, with a maximum decline of 14.87%. Currently, with market sentiment gradually stabilizing, the price has recovered to around $94,000, entering a consolidation phase. The current support level for BTC price is around $92,000. Meanwhile, altcoins are suffering significant losses, with many token prices even dropping to levels seen before October, erasing the 'Trump effect' increase that followed Trump's election as US president (data sourced from Binance spot market, December 10, 17:00).