CoinAnk data shows that in the past week, the crypto market was divided into conceptual sectors, and the net inflow of funds was concentrated in several major areas such as Arbitrum ecology, Solana ecology, Optimism ecology, Binance smart contracts and AI.

In the past week, many currencies have also seen a large rotation increase. The top 500 market capitalizations are as follows, and tokens such as #PHA , #AGLD , #NCT , #AIXBT , #POND and VIRTUAL have relatively high growth rates.

#ETH Analysis: ETH fell from the highest point of this round, $4108. Also due to the negative impact of the Fed's hawkish statement last week and the reduction in the number of future interest rate cuts, it fell to around $3100. On the evening of December 20, the PCE index announced by the United States fell to a five-month low. The reduction in the price index, which measures the inflation level, will affect the Fed's future interest rate policy. It may be loose, which is bearish for the US dollar and bullish for dollar-denominated assets such as gold, US stocks and the crypto market #BTC . The market also had an immediate reaction and rose. After ETH rebounded to around $3554.4, it fell back and rebounded for the second time, and was in a short-term oscillation. The upper short-term resistance reference is $3555 and $3720. If it is blocked and pulled back, the lower support reference is around $3217 and $3100. These technical positions are also roughly near the main pending orders.


#山寨币热点 Analysis: In the past week, the overall decline of altcoins around December 20 was relatively large, but the performance was more differentiated. Weak altcoins have fallen to the level of the day of the US presidential election in November, while strong altcoins are normal corrections and have ushered in a large rebound in the near future. The Virtuals Protocol ecosystem, Pump.fun ecosystem and AI Agent Launchpad have relatively high growth rates. Many related concept tokens have increased significantly, and there are also currencies that have doubled.

#期权 Market: After the market experienced a wash last week, the spot price maintained horizontal fluctuations. This Friday, nearly $20 billion of Bitcoin and Ethereum options will expire, accounting for nearly half of Deribit's total holdings. The expiration of options may trigger a volatility sell-off at the end of the quarter, especially when the spot price is sideways and sellers continue to roll short positions. If BTC breaks through $100,000, volatility may remain stable, otherwise altcoins may have a chance to catch up. Although the European and American markets are closed for the Christmas holidays, the crypto market has seen a significant rise driven by Bitcoin. Due to the poor market liquidity from the Christmas holidays to the end of the year, the power required for price fluctuations is relatively small. In terms of options, the short-term implied volatility (IV) has dropped compared to the previous day, and the market maker's position transfer is nearing the end. It is expected that IV will remain stable before the end of the year. Currently, the biggest option pain point for Bitcoin is $84,000, and that for Ethereum is $3,000. These annual biggest pain points may become invalid as in previous years.

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.

Currently, the latest value of #山寨指数 is around 47, situated in a balanced area between bullish and bearish. After a short-term rebound at #BTC , the altcoin index has dropped back to last week's lowest point around 47. Many price lows of #山寨币 have fallen to the vicinity of the #美国大选 starting point. Therefore, overall, compared to BTC, altcoins are relatively weak.
Of course, at this point, it is not considered a very low position for altcoins. Generally, when the altcoin index is below around 25, it is a relatively good opportunity to enter the market. If you are worried about missing the market, you can also begin to enter in batches after falling below the midpoint of 50, with positions according to #金字塔式建仓 .

According to the #RSI indicator filter, at the daily level, #zen , #moca , #uxlink have entered the overbought zone with the recent price increase. If they rise to a critical point or resistance level, they may face a correction in the future;
VANA, BAN, ACX, THE have entered or are close to the oversold zone after recent price declines. If they drop to important support areas below, they may face a rebound in the future.

Of course, overbought and oversold indicators are biased towards left-side trading ideas, which involve guessing bottoms and escaping tops, a subjective contrarian mindset. In contrast, the Matthew effect and right-side trading ideas are completely opposite because the strong tend to get stronger, and the weak tend to get weaker. Objective trend-following trading ideas may allow overbought and oversold tokens to continue their recent strong or weak trends.

Today is Christmas, wishing everyone a Merry Christmas!
#“圣诞老人行情”再现

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 seven major trends predicted for 2025 by yesterday's forecast is also a reference for our potential development directions in the industry or areas of focus, some of which may materialize while others may still be quite distant. Just like our expectations for 20636273814 from the year before last have materialized, leading to large-scale capital inflows, and the election of Trump as President of the United States in November this year has completely changed the market and industry landscape.
Here, we can also predict a rather interesting topic, such as whether the 53966746949 rainbow chart can still produce miraculous effects in 2025 and the next decade?

Below are some predictions from Forbes and our outlook:
G7 or BRICS countries may establish 40968918264, and the status of cryptocurrency in the global financial system is becoming increasingly important.
The market value of stablecoins is expected to double to $400 billion, reflecting the growing demand for stablecoins as a store of value and medium of exchange.
The growth of the Bitcoin DeFi ecosystem, particularly with the help of L2 networks, indicates innovation and expansion in DeFi.
The expansion of crypto ETF products to Ethereum staking and Solana and other tracks signifies diversification of crypto investment products and increased participation from institutional investors.
Tech giants may follow Tesla in increasing their Bitcoin holdings, which could further drive the mainstream adoption of cryptocurrencies.
The total market value of the crypto market is expected to exceed $8 trillion, based on the current growth momentum of the cryptocurrency market and its future development potential.
Improvements in the regulatory environment in the United States will promote a resurgence in crypto startups, potentially bringing more innovation and vitality to the industry.

The balance of CEX on-site #BTC has shown a significant rebound after hitting a historical low last week. Recent data shows that the balances and capital flows of various CEX Bitcoin wallets are different, with an outflow state over the past 30 days, while in the short term, the last 7 days have shown a net inflow. The market funds are diverging, with some investors possibly selling at highs and others buying at lows.
Since December 19, the CEX on-site BTC balance has rebounded significantly, which is closely related to the drop in BTC prices following the hawkish interest rate decision on #美联储会议 last week. We speculate that this may be due to leading funds choosing to take profits and reduce holdings at relatively high levels to prevent market uncertainty, causing some selling pressure and leading to a market pullback.
Another piece of data can also help verify this, as the acceleration of BTC selling behavior over the past 30 days indicates that holding BTC is no longer the default behavior for all market participants. The short-term holder supply ratio of #长期持有者 has dropped to 3.78, the lowest level in this cycle, indicating increased trading activity in the market. #短期持有者 is more active, and the market sentiment is complex and changeable, with investors showing divergence regarding the future trend of Bitcoin.

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.

On Monday, over $112 million flowed out from a certain platform, marking the largest single-day outflow in the platform's history. According to yesterday's news, multiple North Korean hacker addresses are trading on this DEX.
Currently, the data shows that the top five holdings are #BTC , #ETH , #HYPE , SOL, and #xrp ; there is not much change in the top five trading volumes compared to the holdings, with the fifth place slightly different as XRP was pushed out and replaced by #sui . This indicates that the turnover rate of SUI is higher than that of XRP, and it also suggests that SUI attracts more short-term speculative funds, resulting in a shorter holding period.

This week, tokens such as IMX and DBX will experience significant unlocks. The following are in UTC+8 time:
#大额解锁
Ethena (#ENA ) will unlock approximately 12.86 million tokens on December 25th at 15:00, accounting for 0.44% of the current circulation, valued at approximately 13.22 million USD;
Cardano (#ADA ) will unlock approximately 18.53 million tokens on December 26th at 08:00, accounting for 0.05% of the current circulation, valued at approximately 16.30 million USD;
Immutable (IMX) will unlock approximately 24.52 million tokens on December 27th at 08:00, accounting for 1.45% of the current circulation, valued at approximately 32.12 million USD;
Beldex (DBX) will unlock approximately 330 million tokens on December 30th at 08:00, accounting for 4.78% of the current circulation, valued at approximately 25.46 million USD.

This week, pay attention to the bearish effects brought by the unlocks of these tokens, avoid spot trading, and seek short opportunities in contracts. Among them, #DBX and #IMX have a larger proportion and scale of unlock circulation, so pay extra attention.