1. Liquidation data:
According to Coinglass data, the total amount of liquidation in the entire network in the past 24 hours was US$656 million.
Long orders were liquidated for $561 million.
Short positions were liquidated for USD 94.7038 million.
BTC liquidation of $125 million,
ETH liquidated $101 million.
2. Grayscale and fund outflow data:
According to Farside Investors data, yesterday
Grayscale GBTC had a net outflow of $35.9 million, and BTC had no inflow/outflow;
Grayscale ETHE had a net outflow of $49.2 million, and ETH had a net outflow of $15.6 million.
Bitwise BITB had a net outflow of $16.6 million.
ETHW had a net outflow of $14.6 million.
3. Fed’s inflation view:
Nick Timiraos, a Fed spokesperson, said that three of the 19 Fed officials in September believed that the risks to the core PCE inflation forecast were tilted to the upside.
Today, 15 or 19 officials believe that the risks to the revised upward core PCE inflation remain tilted to the upside.
4. Comments from relevant people:
BitMEX co-founder Arthur Hayes wrote that Powell is not as cooperative with Trump as he is with Biden.
Trump's nominee for Treasury Secretary, Scott Bessent, will serve as a check on Powell.
5. Project Progress:
Layer1 blockchain project Sonic Labs (formerly Fantom) is expected to launch Sonic Gateway in the next few days, supporting the bridging of USDC, EURC and WETH from Ethereum to Sonic;
Ink, the Layer 2 network under the crypto trading platform Kraken, has launched its mainnet and become part of the Optimism Superchain.
6. ChatGPT new features:
OpenAI starts the 10th day of live technology sharing.
ChatGPT has added a new phone function with dedicated phone numbers 1 - 800, only in the United States.
Lower the usage threshold and expand the scope of application.
7. Economists predict:
Kathy Bostjancic, chief economist at Transamerica Life Insurance Company, said next year will focus on Trump.
The Fed is expected to cut rates by another 75 basis points next year.
8. The Chairman of the Federal Reserve stated:
Federal Reserve Chairman Powell said that owning Bitcoin is not allowed and he does not want to change the law.
9. Cryptocurrency project dynamics:
Trump's crypto project World Liberty exchanged 102.9 cbBTC for 103.15 WBTC and increased its holdings by more than 230,000 #ENA;
A certain address spent $712 to buy 48.02 million #UFD, with a return rate of 5546 times;
A whale user created a new wallet address to withdraw 687,498 coins from Binance#PENDLE and deposit all of them into pledge;
Two addresses transferred 21.92 million BLZ to Binance, and the amount of BLZ transferred to Binance accounted for 36% of the total.
10. Altcoin market:
On December 19, altcoins generally fell.
BLZ fell 50.47% and was quoted at $0.063;
AKRO fell 39.5% and was quoted at $0.00237;
#WRX The price fell by 58.41% in 24 hours and was quoted at $0.1014;
#PNUT Down 18.66%, quoted at $0.844;
#WIF/USDT Down 15.2%, quoted at $2.3.
11. US Dollar Index and other data:
The U.S. dollar index DXY stood above 108, setting a new high since November 22, up 0.98% on the day;
The Fed’s December dot plot median shows that
The Fed expects two rate cuts of 25 basis points each in 2025, compared with four cuts of 25 basis points each expected in September;
The Fed expects two rate cuts of 25 basis points each in 2026, consistent with its September forecast.
12. Investment advice:
Chris Burniske, partner at Placeholder, wrote in an article on X:
If you're upset that you didn't sell before the market pulled back after the FOMC meeting,
Please understand that you don't actually have much of an advantage in predicting how the market will react.
Use this experience as an opportunity to slow down.
Don't overtrade.
In the long run, just be patient and you'll be fine.
According to flipsidecrypto data, 924,900 wallets have claimed 18 billion PENGU airdrops, accounting for 44.4%.
There are still 22.6 billion to be claimed;
On average, each wallet received 19,500 tokens#PENGU distribute.
13. SOL hot topic narrative
- $UFD: Issued by an old man who only believes in gold and silver because he doubts the market value of a certain currency of 500 million, it aims to prove that cryptocurrency is useless, with a market value of 19.9M.
- $Adillo: Related to the endangered armadillo, market cap $2.6M.
- $VIOLET: It is the "sister" of another coin, derived from its owner's new cat on Instagram, with a market value of 1M.
- $HUGH: A “sister” of a certain coin, related to Simon’s third cat, with a market value of 323K.
- #ai16z: Ai-driven investment DAO, included in Binance web3 wallet Alpha, market value 888.3M.
- #Fartcoin: "Fart Coin", originated from a certain document, included in Binance web3 wallet Alpha, with a market value of 874.1M.
- $FU: The "Farting Rainbow Unicorn" coin that Musk once showed relevant pictures of at Tesla, with a market value of 1.3M.
- #youngdev: The developer is a 7-year-old child, similar to the $Quant story, with a market value of 457K.
- $Yumi: Ai proxy generated by no code in alch, market value 362K.
All information is for reference only and does not constitute any investment advice