Bitcoin presented a gift to investors last night (the 24th) on Christmas Eve, starting a rapid rise around 20:45 PM, breaking through multiple resistance levels, peaking at $99,480 at midnight. As of the time of writing, it has slightly retraced to $98,137, with a nearly 5% increase in the past 24 hours. Today's daily $BTC market analysis shows that the 1-hour K-line is about to decline or adjust, the 4-hour level is on the rise, the 12-hour level is rising, and the daily level is about to show a downward trend, with an intraday resistance at $10,700 and a support at $95,600.
Ethereum also once broke through $3,500, and SOL stood above $200. Most mainstream altcoins have rebounded under the influence of Bitcoin.
The total liquidation amount across the network is $172 million.
In the past 12 hours, the total liquidation amount across the network was $172 million, of which the liquidation amount for long positions was about $61.27 million, and the liquidation amount for short positions was about $111 million. Last week mainly saw long liquidations, while this week mainly saw short liquidations, and both sides need to be cleared out before a proper rebound can occur. Bitcoin experienced a slight pullback today, but after some brewing, it is expected to stand above $100,000 again and reach a new high. Big things are coming!!!
MicroStrategy proposal to increase capital stock, with an increase of up to 2,200%. MicroStrategy will launch the '21/21 Plan' in October 2024, aiming to raise $42 billion over three years, including $21 billion in equity capital and $21 billion in fixed income capital. To accelerate achieving this goal, MicroStrategy announced a special shareholders meeting and proposed the following for the issuance of new shares:
Increase the authorized Class A shares from 330 million to 10.33 billion to support future fundraising.
Increase the authorized preferred stock from 5 million shares to 1.005 billion shares to expand financing options.
If both proposals are approved, MicroStrategy's equity will increase from the original 500 million shares to 11.5 billion shares, an increase of up to 2,200%.
Finally, let’s take a look at 2025; the investment directions for altcoins may focus on the following areas:
Ethereum liquid staking: Since last year, lending projects like AAVE have gradually transitioned to liquid staking. Some funds can pay attention to this area, as future returns are promising.
RWA Field: In 2024, projects like ONDO have great potential. This field is still in the exploratory phase, but its returns could be quite considerable.
Bitcoin Layer 2: Bitcoin Layer 2 solves the scalability issue of Bitcoin and will be an investment area worth watching in the future, especially with the inflow of funds.
NFT Market: NFTs are not just digital art; they represent a cultural value. As the market matures, the growth potential of NFTs should not be underestimated.
AI + Chain Games: Although my understanding of chain games is limited, this area has tremendous potential in the future, and it may be worth considering allocating some funds.
Bankruptcy Sector: After a long adjustment, the bankruptcy sector may welcome some speculative opportunities recently. Especially MeMe-type speculative topics may become short-term investment hotspots.
Overall, the market in 2025 may welcome a concentrated liquidity explosion, rather than a 'fake bull market' dominated by MeMe topics. Seizing opportunities and executing strategies are the keys to success.