December 22nd, Market Highlights:

1. The BTC oversold rebound has ended, currently fluctuating around 97,000. It is highly likely to test 93,000-95,000 again. Given the current weekend and Christmas season, attention should be paid to contract safety.

The concentration area for bulls is at 95,000; a drop below will liquidate 1.2 billion USD. The concentration for bears is around 100,000; a rise above will liquidate 1.3 billion USD, with a higher probability of moving downward.

2. The Fear & Greed Index is at 73, still in a greedy state, but gradually approaching neutrality.

Signs of diminishing trends are appearing, with the SCVD indicator severely diverging from spot prices, indicating that bulls are unable to support prices above 100,000 in the long term.

3. Data on whale address supply changes shows that large holders are continuously reducing their holdings to take profits above $BTC 100,000.