Good afternoon, brothers. The US stock market plunged after opening last night, leading to a drop in BTC, which is also a risk asset.

On-chain data shows two trends:

(1) Stablecoin inflow for bottom fishing

(2) A total inflow of over 5000 BTC into Binance and Coinbase

Regarding ETFs, BlackRock and FBTC data have not yet been released, while other ETFs have seen outflows of $200 million.

Is there no bull market? Let's analyze from several aspects.

There are two reasons for this correction:

(1) Normal pullback after a significant increase

(2) Fluctuations after the expectations of Federal Reserve rate cuts are released

However, there are several larger trends:

(1) The Federal Reserve's rate-cutting cycle is still ongoing, with the possibility of three rate cuts in 2025, potentially in March, June, and September.

(2) Trump is about to take office, and the expectation of BTC being included in national reserves is still present (regardless of whether it can be realized).

(3) In the long term, consensus on BTC continues to grow:

3.1 After Trump takes office, US tariff policies intensify de-globalization, prompting central banks of other countries to buy BTC.

3.2 Expanding debt pressure affects the credit of the US dollar, enhancing BTC's status.

Facing the 60-day moving average of BTC and a three-week-long adjustment,

A significant rebound is expected after New Year's Day.

BTC will return to the $100,000 mark.

Funds can be used to bottom fish BTC, Uni, BNB, Kaia, Doge, FTM, and other coins.

BNB has performed strongly over the past week and is expected to break through $900 in Q1 next year.