Market Analysis – The market is gradually recovering after a sharp decline. Don’t rush to open leverage and wait for Q1 next year.
The past week can be said to have been the biggest decline since this bull market. Both the number of people and the amount of liquidated positions have hit recent highs. The decline of altcoins has also been beyond everyone’s imagination. The prices of many altcoins have fallen back to their original price. The rising point is equivalent to the fact that the bull market has never come before. Social media is also full of articles about graduation. It has really come true that only when profits are pocketed can you really make money. Before you go out, you are rich on paper. In the currency circle Things can change in a day.
After several days of sharp declines, the market experienced a relatively large rise yesterday. BTC rebounded from a low of $92,500 to a maximum of $99,487, a rebound of about 6%. Altcoins also recovered simultaneously, but the overall price It is still far from the high point of the bull market last week. Recently, the market focus has been on AI Agent, desci and platform coins. The performance of platform coins is very strong compared with the weak market trend. BNB, BGB and GT have been rising all the way, and the latter two have even hit a record reached a record high.
As for the next operation, last week's weekly report has already mentioned that shocks may be the main factor before and after Christmas. Moreover, it is currently the first obvious rebound stage after the sharp decline. In the period when European and American funds are resting, short-term needs There is little chance of returning to the high point immediately. The currencies that have surged recently are all currencies in the mid-to-lower market capitalization. There has not been much change in the general direction, so GT Radar also added various investment groups last week. The leverage is reduced to avoid unnecessary shock and wear. The real opportunity for a big rise will be in Q1 next year. The figure below also statistics the increase of ETH in Q1 over the years. It is indeed the best performance compared to other quarters, so in the near future Low leverage should be used or the grid should adopt a more conservative operation method.
Micro-strategy currency buying scale shrinks
Publicly traded company MicroStrategy announced another $561 million in Bitcoin purchases this week, with an average purchase price of $106,662. This is the seventh consecutive week that the company has bought Bitcoin, according to past records. However, this time after MicroStrategy announced the purchase news, it caused Bitcoin to fall further, because the number of Bitcoins purchased by the company was far lower than the level of previous weeks (only about 1/3 of the previous week.), causing the market to Beginning to question MicroStrategy's willingness to buy at this price level.
Will the “lockup period” before MicroStrategy’s earnings report affect the market?
On the other hand, micro-strategies are about to enter the "lock-up period" before the release of financial reports. During this period (about 4 to 6 weeks), company insiders will be prohibited from trading the company's stocks or related securities, and the micro-strategies can be transferred Financing actions such as debt and additional share issuance will be restricted. In addition, although regulations are not explicitly prohibited, major asset transactions such as "acquisition of Bitcoin" may be included within the company's internal restrictions. Therefore, the market generally believes that micro-strategies may not be able to participate in the market in the next 4 to 6 weeks. Continue to undertake market supply.
Data shows that Bitcoin has almost shown a stable upward trend during the micro-strategy buying period in the past seven weeks. Last week was the only time it went lower. In addition to the bad news from the Federal Reserve, the weakening of micro-strategy buying power may also be one of the potential factors.
Binance Copying Analysis GTRadar – BULL
Copy link GTRadar – Balanced
Copy link GTRadar – Potential public chain OKX
Follow the link
The yields of "GTRadar - BULL", "GTRadar - Balanced" and "GTRadar - Potential Public Chain OKX" in the past 7 days were +0.39%, -0.63% and -1.63% respectively, and the yields in the past 30 days were - 2.5%, +3% and -0.57%.
Currently, "GTRadar - BULL" holds a net long position of 10%, mainly in BTC and ETH.
Currently, "GTRadar - Balanced" holds about 5% of its net long positions, mainly in BTC and BNB.
Currently, "GTRadar - Potential Public Chain" holds a net long position of about 10%, mainly ETH.
The long-term returns of a follower who often changes his investment portfolio are not as good as those of a follower who continues to follow a single group. Don’t end the follower easily just because of a short-term retracement. Judging from the curve, the retracement is a good time to start following. In and out, on the contrary, the yield rate will be significantly reduced.
Hot news
The Federal Reserve hinted at slowing down the pace of interest rate cuts, causing U.S. stocks and Bitcoin to plummet
Although economists and analysts had expected before the meeting that the pace of interest rate cuts might slow next year, Fed officials' expectations of only two rate cuts in 2025 were still beyond market imagination, and the Fed also predicted that inflation may It will not return to the 2% target until 2027, which is longer than the original forecast of 2026. This series of news has seriously affected the short-term trend of risk assets. In addition to the decline in the three major U.S. stock indexes, Bitcoin has fallen from US$106,000 in consecutive days, once falling below US$93,000.
El Salvador reaches an agreement with the IMF to significantly restrict Bitcoin-related policies in exchange for a $1.4 billion loan
El Salvador recently announced that as part of a $1.4 billion loan agreement with the International Monetary Fund (IMF), the country will make major adjustments to its Bitcoin policy, including changing merchant acceptance of Bitcoin from mandatory to voluntary, and the government gradually withdrawing from the national cryptocurrency The participation of the wallet Chivo, the restriction of taxes to payments in U.S. dollars, and the restriction of Bitcoin-related economic activity in the public sector to certain limits.
Binance 2024 Crypto Market Survey: Meme Coin Holders Surpass Bitcoin, AI Concept Coins Have the Most Potential
Binance conducted a survey among 27,000 users from six continents around the world to explore future trends in the cryptocurrency market. 23.89% of the respondents believe that the AI concept sector will stand out in 2025 and become the leader in the encryption market. In addition, among the most popular holding assets among users, meme coins top the list with a ratio of 16.1%, showing its high popularity and market influence.
Aptos Labs co-founder Mo Shaikh resigns as CEO
Mo Shaikh, co-founder and CEO of Aptos Labs, the development company of Layer 1 blockchain Aptos, announced on Thursday that he will step down as CEO of Aptos Labs to "start a new chapter" but will continue to serve as the company's strategic advisor. to help its development.
U.S. SEC approves first crypto index ETF combining Bitcoin and Ethereum
According to documents released on Thursday, the SEC has authorized the Nasdaq Exchange to list Hashdex’s “Hashdex Nasdaq Crypto Index US ETF” and authorized the Cboe BZX Exchange to list Franklin Templeton’s “Franklin Crypto Index ETF.” The document shows that the proportion of Bitcoin and Ethereum held by the two cryptocurrency index funds will be calculated based on free float market capitalization.
U.S. Bitcoin ETF now sees record net outflows of $680 million
According to statistics from SoSoValue, the U.S. Bitcoin spot ETF recorded a net outflow of $680 million last Thursday, setting a new high for single-day net outflows and ending a trend of 15 consecutive trading days of net inflows. In addition, the U.S. Ethereum spot ETF recorded a net outflow of $60.47 million on Thursday, also ending a trend of net inflows for 18 consecutive trading days.
Justin Sun continues to sell Ethereum, selling nearly 180,000 ETH in the past month
Since November 10, Justin Sun has deposited a total of 179,101 ETH (approximately $645 million) into HTX, with an average price of $3,601. As of the 25th, Justin Sun still holds 106,905 stETH (valued at approximately US$372.4 million) and 56,277 eETH (valued at approximately US$195.8 million), of which 25,000 ETH (US$87 million) are being released from Etherfi, which may be Continue to transfer to HTX in the future.
Japanese listed company Metaplanet increases its holdings of 619.7 Bitcoins
Metaplanet, a Japanese company listed on the Tokyo Stock Exchange, announced on Monday that it had once again increased its holdings of 619.7 Bitcoins (BTC), spending a total of 9.5 billion yen (approximately $60.68 million), with an average purchase price of 15,330,073 yen.
Security Experts Warn Hyperliquid Is Targeted by North Korean Hackers
According to information shared by cybersecurity researcher Tayvano on At the same time, Tayvano has continued to call on Hyperliquid to face up to this issue.
Trump nominates Stephen Miran as chairman of the Council of Economic Advisers and appoints Bo Hines to lead the "Cryptocurrency Council"
U.S. President-elect Donald Trump announced on his social platform Truth Social on Sunday that he has nominated economist and former adviser Stephen Miran to serve as chairman of the Council of Economic Advisers. The committee will advise the executive branch on economic policy and strategy.
Uniswap second-layer network Unichain is expected to launch a public mainnet in early 2025
Uniswap Labs, the development company of the decentralized cryptocurrency exchange Uniswap, announced last weekend that its Ethereum second-layer network Unichain is expected to launch a public mainnet in early 2025, and plans to integrate permissionless failure proof on the first day of the mainnet launch. .
MicroStrategy announces additional holdings of 5,262 Bitcoins for approximately $561 million
According to an SEC filing disclosed by MicroStrategy on Monday, the company acquired approximately 5,262 additional Bitcoins for approximately $561 million between December 16 and December 22, with an average purchase price of approximately $106,662. As of December 22, 2024, MicroStrategy and its subsidiaries held a total of approximately 444,262 Bitcoins, with a total cost of approximately US$27.7 billion, and an average purchase price of approximately US$62,257.
Buy Bitcoin as a company reserve asset? Robinhood CEO: Discussed, but no plans yet
Robinhood CEO Vladimir Tenev said in a recent interview on Anthony Pompliano's show that as Robinhood's interest in cryptocurrencies grows, the idea of a "Bitcoin reserve" is brought up from time to time. But the company has no current plans to hold Bitcoin as an investment asset, other than to hold some Bitcoin to meet customers' trading needs.
MicroStrategy plans to issue billions more shares to buy more Bitcoin
The proposal would increase the number of Class A common shares from 330 million to 10.33 billion shares and the special shares from 5 million to 1.005 billion, according to a 14A proxy statement filed by MicroStrategy with the Securities and Exchange Commission (SEC). The company said the proposed share issuance would support the company’s “Project 21/21,” a $42 billion Bitcoin purchase plan.
The above content does not constitute any financial investment advice. All data comes from GT Radar official website announcements. Each user may have slight differences due to different entry and exit prices, and past performance does not represent future performance!
Source
