According to Odaily Planet Daily, Greek.live macro researcher Adam posted on X stating: 'Affected by the plummet of U.S. stocks like Nvidia and Tesla, cryptocurrencies are also undergoing a significant adjustment, with Bitcoin once again falling below $100,000 and altcoins experiencing even steeper declines, leading to a shift in market sentiment towards pessimism.'
In terms of options data, short-term IV has rebounded slightly but remains at a low level, with the market's pricing of future volatility unchanged. There has been no significant change in options skew and futures premium either. The mainstream view on this pullback is that it has been influenced by the strength of the dollar and the decline of U.S. stocks, but the trend of Bitcoin has not changed; the bull market is still on. If one chooses to buy the dip now, the short-term call option at $100,000 is very cost-effective, especially for the weekly call options on Bitcoin.
According to Foresight News, Santiment tweeted that since Trump was elected as the 47th President of the United States, the correlation between cryptocurrencies and the stock market has been high. However, Bitcoin is currently outperforming the S&P 500. Over the past three years, most communities have viewed cryptocurrencies as 'high-leverage tech stocks'.
However, indications at the beginning of 2025 show that Bitcoin may break away from the conventional correlation with the global stock market. Historically, when the correlation between the crypto market and the stock market is low, it often leads to a significant bull market. If Bitcoin and other altcoins continue to grow without relying on the S&P 500 in January this year, the likelihood of reaching a new high is very high.
According to BlockBeats, Pantheon macro analyst Samuel Tombs stated that the Federal Reserve will soon be concerned about the oversupply of labor and weak wage growth. The increase in job vacancies in the November JOLTS report was unexpected. Tombs pointed out that the resignation rate dropped from 2.1% to 1.9%, indicating a greater slowdown in the growth of employment costs. The average hourly wage has increased by 0.4% for two consecutive months, seeming to be noise around the slowing trend.
Tombs expects that the average hourly wage will slow down in the non-farm payroll data for December to be released on Friday.
According to Jin10 data, CME's 'FedWatch' shows a 95.2% probability that the Federal Reserve will keep interest rates unchanged in January, with a 4.8% probability of a 25 basis point rate cut. By March, the probability of maintaining the current interest rate unchanged is 60.9%, with a cumulative probability of a 25 basis point cut at 37.3% and a cumulative cut of 50 basis points at 1.7%.
● Michael Saylor: MicroStrategy acquires 258,320 BTC in 2024
According to Odaily Planet Daily, MicroStrategy founder Michael Saylor stated on the X platform that MicroStrategy acquired 258,320 BTC in 2024, achieving a BTC yield of 74.3%, having held 189,150 BTC at the beginning of the year, resulting in a profit of 140,630 BTC. If calculated at $100,000/BTC, this means creating $14.06 billion in value for shareholders in 2024, equivalent to $38.5 million per day.
According to Fast Company, Binance CEO Richard Teng stated that Binance plans to make significant investments in compliance and position it as a competitive advantage. He also emphasized that Binance's remote-first policy is a strategic advantage that allows leadership to streamline tasks and improve productivity at all levels of the organization.
According to Cointelegraph, Czech National Bank Governor Aleš Michl is considering Bitcoin as a diversification strategy for foreign exchange reserves. Although there are currently no plans to invest in Bitcoin, discussions may occur in the future.
Bank advisor Janis Aliapulios stated that the Czech National Bank will continue to diversify by purchasing gold, with plans to increase gold holdings to about 5% of total assets by 2028. Bitcoin's annual return exceeds 130%, while gold is just over 30%. This indicates that governments and institutions may reassess their financial strategies and include Bitcoin as a reserve asset.
