After the recent peak of 108350+ USD, the market has shown a clear downward trend in the first half of the past 7 days, due to the bearish impact of the hawkish statement from 85666806998 and Powell's remarks about 17016085561, dropping to a low of 92232 USD. After testing the low support twice on December 24, it rebounded, reaching a daily high of around 99958 USD. During the 69665387808 period, the US stock and futures markets were closed, likely due to most European and American traders being on holiday, resulting in reduced trading volume and relatively narrowed short-term volatility range. Recently, it has been testing the upper and lower bounds of the previous upward trend line and is also operating around the control point of the 51611130769 main chip distribution map. From the four-hour perspective, after a potential double bottom formation, it is testing the neckline resistance near 99500 USD and has pulled back. If it can break through later, it will favor an upward continuation of the rebound. The upper resistance levels are 100300 USD and 102770 USD, but if it faces pressure, it may retrace to test the lower support near 92520 USD and the previous support area around 90500 USD. Considering the recent inflow of BTC into exchanges and the historically bearish trend after Christmas, precautions can also be taken.

The liquidation map shows that if the BTC price breaks above $103,000, there will be $1.365 billion worth of short positions liquidated;
If the BTC price breaks below $92,520, there will be $2.226 billion worth of long positions liquidated.
According to the latest data from 45505333573, it visually reflects the risk control positions of main funds and can also serve as a reference for trading or entry. However, considering that the US and European stock markets and futures platforms will be closed during the Christmas period, it is expected that traders will take vacations, which may lead to a decrease in trading volume and also affect volatility.

The continuous inflow of funds and growth in trading volume for US spot #比特币ETF indicates strong interest from institutional and retail investors in Bitcoin. Over the past 50 weeks, net inflows into Bitcoin ETFs have reached $463 million, with trading volume hitting $26 billion, and the inflow for the fourth quarter to date stands at $17.5 billion, making it the best-performing quarter, showcasing Bitcoin's appeal as an investment asset.
Price for #BTC has dropped to $92,000. Despite price fluctuations, the proportion of Bitcoin held by ETFs, government agencies, and MSTR has risen to 31%, up from 14% last year, indicating that large investors have confidence in Bitcoin's long-term value. This increase in ownership concentration may impact market liquidity and price stability, especially in the face of market volatility.
The situation with #以太坊ETF is also noteworthy, as #coinank shows a net inflow of $62.73 million last week, while the Grayscale Ethereum Trust ETF ETHE saw a net outflow of $99.83 million, with historical net outflows reaching $3.62 billion. This comparison of inflows and outflows may reveal market sentiment and expectations regarding different Ethereum-related products.
ETF data reflects the trends in fund flows and investor sentiment within the cryptocurrency market, and with more institutional investors participating and the crypto market maturing, it is expected to continue influencing market dynamics.

Data shows that in the past week, although #BTC has declined, the cryptocurrency market, categorized by concept sectors, has seen significant net inflows concentrated in major fields such as Avalanche ecosystem, #Arbitrum ecosystem, #币安智能合约 , and Real World Assets (RWA). In the past week, many cryptocurrencies have also experienced substantial rotational increases. The data for #coinank selects the top 500 by market capitalization as follows: #zen , USUAL, SDEX, AIXBT, MOVE, and ZEC have seen relatively high increases.

#COINANK Binance/ETHUSDT liquidation map data shows:
When the price of #ETH fell to $3625.7, a total of $121 million long orders were liquidated
When the price of #ETH rose to $3743.5, a total of $291 million short orders were liquidated

#COINANK Binance/BTUSDT liquidation map data shows:
When the price of #BTC drops to $100156, a total of $149 million long positions are liquidated
When the price of #BTC rises to $102868, a total of $734 million short positions are liquidated

#coinank BTC-ETF data shows:
On December 17, funds continued to flow into BTC-ETF, with a total inflow of $486 million.
Among them, the iShares Bitcoin Trust under BlackRock has the largest inflow of $734 million.
The other institutions experienced varying degrees of outflows, with Fidelity's #FBTC having the largest outflow of $128 million.
Some short-term profit-seeking funds have started to flee, so attention should be paid to short-term market price fluctuations and risk control.

#coinank ETH-ETF Data Shows:
On December 17, ETH-ETF funds continued to experience inflows, with a total inflow of $145 million.
Among them, BlackRock's #ETHA had the largest inflow, reaching $135 million.
Fidelity's #fETH saw an inflow of $3.9444 million.

The scale of #比特币现货ETF in the United States has surpassed its #黄金ETF .
In the United States, the assets under management of #BTC☀ ETFs of $129.3 billion have surpassed the gold ETF ($128.9 billion). Due to a slight decline in the price of the currency, #coinank data shows that it is currently about $120.7 billion. Although gold has a 20-year first-mover advantage, it has now been overtaken. Nate, president of The ETF Store, said that in the long run, the scale of spot Bitcoin ETFs may be three times that of gold ETFs.
We believe that the scale of assets under management of the US Bitcoin spot ETF has surpassed that of the gold ETF. This milestone event marks the increasing status of crypto assets in traditional financial markets. The rapid growth of Bitcoin ETFs, especially the fact that the scale of assets under management has reached $129 billion in just 11 months, highlights the strong demand and acceptance of crypto assets in the market. Some professionals in the market predict that in the long run, the scale of spot Bitcoin ETFs may be three times that of gold ETFs, indicating that the market is optimistic about the long-term growth potential of Bitcoin. The growth of Bitcoin ETFs also reflects investors' interest in cryptocurrencies as an emerging asset class and an alternative to traditional gold as a safe-haven asset. As Bitcoin ETFs continue to grow, their influence on the market is expected to further expand, likely to attract more attention and investment from institutional and individual investors.

#coinank Data shows:
In the last 24 hours, a total of 139,138 overseas users have been liquidated, with a total liquidation amount of $335 million.
From the liquidation heatmap, we can see that #altcoins had the highest liquidation amount, reaching $80.6264 million, while #BTC ranks second with a liquidation amount of $51.6344 million, #ETH had a liquidation amount of $43.9092 million, and #xrp reached a liquidation amount of $25.2143 million.
Among these, long position liquidations amounted to $249 million, while short position liquidations were $85.364 million, primarily liquidating long positions.
Bitcoin continues to set new highs, preying on altcoins.

Continuing from the previous discussion on the funding rate of #BTC☀ and the contract #多空比 , we often see that the funding rate is around 0.01, which actually indicates that the long positions are relatively more. However, some friends like to completely place the long-short ratio and the funding rate in opposition. In reality, when the long-short ratio is often seen below 1, it means there are relatively more short positions, but in terms of holdings, the long positions still dominate, because the design logic of #资金费率 is that the market is bullish for it to be positive, and it is also based on the scale of long and short holdings for mutual payments; when the long position proportion is high, it means there is more payment in a short state.
The fact that the long-short ratio has slightly more short positions does not carry as much significance as the data regarding holdings affecting the market itself, due to matching and liquidity mechanism issues. In a phase of rising market, having a long-short ratio slightly below 1 is relatively normal, as short-term speculators may reduce their long positions to take profits during an upward movement, while short-term shorts may intervene, resulting in this slightly below 1 data level. Important data should still focus on the overall long-short ratio of holdings and the long-short ratio of major holders.
When expressing the long-short ratio, it should still include the ratio of the number of long to short positions or the ratio of holdings/active buying and selling volume (overall long-short holding ratio)/major holder long-short ratio, to avoid ambiguity, as the values of both can often show opposing situations. However, by understanding different types of long-short ratios, one can grasp the corresponding meanings. The chart shows the overall long-short ratio of #coinank .

#coinank Data shows: In the last 24 hours, a total of 111,960 overseas users were liquidated, with a total liquidation amount of $420 million.
Compared to the previous days, the liquidation amount has increased significantly.
From the liquidation heat map, it can be seen that the liquidation amount for #BTC is the highest, reaching $151 million, while #ETH ranks second with a liquidation amount of $89.7143 million, #Altcoins has a liquidation amount of $48.2641 million, and #xrp has a liquidation amount of $19.8173 million.
Among them, long position liquidations amount to $194 million, and short position liquidations amount to $226 million, with a primary focus on short position liquidations.
Bitcoin continues to rise, reaching a historic high, with a large number of short positions being liquidated. Investors need to closely monitor market trends and manage risk effectively.

#coinank Data shows: In the last 24 hours, a total of 84,886 overseas users have been liquidated, with a total liquidation amount of $224 million.
From the liquidation heat map, it can be seen that the liquidation amount for #BTC is the highest, reaching $47.57 million, followed by #altcoins with a liquidation amount of $42.46 million, #ETH with a liquidation amount of $33.11 million, and #xrp with a liquidation amount of $8.55 million.
Among them, long positions were liquidated for $102 million, and short positions were liquidated for $122 million, with a focus on liquidating short positions.
Bitcoin prices continue to reach new highs, and investors need to closely monitor market trends and manage risks effectively.

#coinank ETH-ETF data shows:
On December 12, ETH-ETF funds continued to flow in, with a total inflow of $274 million.
Among them, BlackRock's #ETHA had the largest inflow, reaching $202 million.

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#coinank Binance/BTUSDT liquidation map data shows:
When the price of #BTC fell to $97454, a total of $744 million long orders were liquidated
When the price of #BTC rose to $102062, a total of $500 million short orders were liquidated

#coinank Data shows:
In the last 24 hours, a total of 85,288 overseas users have been liquidated, with a total liquidation amount of $202 million.
From the liquidation heat map, it can be seen that #altcoins has the highest liquidation amount, reaching $42.25 million, while #BTC has the second highest liquidation amount, reaching $29.40 million, and #ETH has a liquidation amount of $19.93 million, and #DOGEUSDT has a liquidation amount of $16.71 million.
Among them, long positions were liquidated for $129 million, and short positions were liquidated for $73.0593 million, mainly long positions being liquidated.
The volatility of altcoins is increasing, and investors need to closely monitor market trends and manage risks effectively.

#coinank Data shows: In the last 24 hours, a total of 532,457 overseas users have been liquidated, with a total liquidation amount of $1.651 billion, setting a recent record for the highest liquidation amount.
From the liquidation heat map, it can be seen that the liquidation amount for #Altcoins is the largest, reaching $556 million, followed by #ETH with a liquidation amount of $222 million, #BTC with a liquidation amount of $176 million, and #DOGE with a liquidation amount of $91.4637 million.
Among them, long positions were liquidated for $1.498 billion, and short positions were liquidated for $153 million, primarily long positions being liquidated.
The liquidation amount for altcoins has ranked first for several days in a row. This wave of decline is clearly aimed at cleaning out leveraged positions and contracts in altcoins, and investors need to closely monitor market trends and manage risks effectively.