It's a limit sideways movement, everyone is waiting for the opportunity, news, and turning point. Simply from a technical perspective, the adjustment has already been made. We can observe the fund flows of Bitcoin ETF next week for further confirmation. In terms of news, the 'understanding king' will only go live on January 20, we can look forward to Q1 2025.
This weekend, BTC has low liquidity and there are no market makers.
Bitcoin continues to slightly pull back and stabilize at 95,000. From December 17th, Bitcoin has been adjusting for 12 days now. Although in terms of space, the adjustment of Bitcoin is not large, it is approaching the end in terms of time.
As shown in the picture, Bitcoin data shows that 93,000 and 94,000 remain strong support levels, especially the buying at 94,000 has strengthened. Market sentiment is still okay, neither rising nor falling. Tomorrow is Monday, let's see the sentiment of the Americans, but with New Year's Day in two days, we might have to wait until after the Americans return from the holiday.
However, there is also a big news today; the whales are anxious!
This big holder withdrew 260 million Bitcoins from Binance to their own wallet. It seems that smart money buys when no one is paying attention. They have invested hundreds of millions during this time, while we worry about positions.
As for altcoins, although some have adjusted properly, such as ETH, SOL, and DOGE, they are still hesitant to act without a word from the big brother!
We bought back AAVE at 320 yesterday after leaving at 380, and today it has risen over 10% to 360. Now that it's pulling back, I think buying a bit around 325-335 is still viable; sell high and buy low, don't get too greedy. Additionally, if the market warms up, small coins like Pepe are actually worth laying out. Bitcoin has risen back to a 10% increase from its previous high, while Pepe's rise back to its previous high is only about 50%. Isn't that scary, what do you think?
The meme + ai concept is still very lively, with good stories and hot topics attracting more people willing to buy in, making it easier to distribute tokens.
Now this SOL chain AI16z has also reached a new high, and the Base chain Virtual continues to maintain an upward trend.
Virtual continues to surge, once again making many people in the group regret not acting earlier or selling at a loss. Today, Virtual has a FDV of 1.7 billion on BASE alone, and the FDV has reached 3.5 billion after going live on the mainnet.
But more importantly, it has completely ignited the Base chain ecosystem, with star Ai Agents based on Virtual continuously emerging, creating a wealth effect. Although the statistics from various parties are not entirely consistent, the FDV of the Virtuals family has already accounted for more than half of the Base chain.
Luna (101M), Aixbt (367M), Agent, GAME (340M), Convo (96M), and others like VADER, MUSIC, SEKOIA, etc., among which many have very small market caps. If trying them out proves interesting, they might just become the next hit. The market cap is still very small; if trying them out proves interesting, they might just become the next hit.
There are many places where Virtuals can succeed and they have always been the focus of many competitors. Although their innovative experiments are not as aggressive as those of the ai16z group, they excel in being less talkative, maintaining a stable direction, and having less controversy. For example, all Agent trading pairs are composed of Virtuals, they chose to be the leader on the Base chain instead of going hard against Solana, and they continue to evolve. The current agent development tools make it easier to create Agents.
The concept of Ai Agent is gradually becoming ingrained as the future, and every major public chain should not miss this track. Excellent AI teams will occupy their ecological niche on major public chains, and strong collaborations for innovation should also be the trend.
