The altcoin season has quietly arrived. Brothers, hold onto your chips, this wave is going to A8 together. The $16 billion compensation from FTX has created a huge buying spree, giving birth to the altcoin season. Stock god Buffett has bottomed out over $500 million in stocks and is optimistic about the market in the first quarter, expecting that by the end of January 2025, Ethereum and Sol will drive the entire altcoin market to take off 🛫
To summarize today’s key points:
1: Currently, Bitcoin's daily chart has not found a bottom, and it is still consolidating on the 4-hour chart, with short-term resistance at 98,200. Large BTC spot holders are bottoming out with $100 million at an average price of 95,655, which has become a short-term support level.
2: In the coming weeks, BTC is still expected to decline in wave C, so conservative operations are advised in the short term.
3: On December 27, BTC will experience the largest options expiration event in history, which will lead to significant volatility.
4: Zen currently has Grayscale increasing its holdings for the third time, and the trend is very strong. Keep an eye on the coins being increased on Grayscale's official website.
5: The Trump family has been crazily buying DeFi-related coins this month, including ETH1, AAVE, LINK, ENA. They are buying alongside those who understand the market.
6: Another whale has bottomed out 30,795 LINK, which is also a position worth considering.
7: FXS has positive news collaborating with BlackRock.
8: Whales have also bottomed out 9 million ENA staked, which is a position worth considering at a low price. Follow my operations with the funds.