1. Market Observation
Keywords: ETH, ETF, BTC
Due to rising volatility, Bitcoin's price has recently retraced to $91,000, raising concerns among some analysts about the outlook for the cryptocurrency market. However, top analysts point out that the delay in Bitcoin's parabolic rebound is actually mixed, which may indicate that the current bullish trend will continue before reaching a parabolic rise.
It is worth noting that the performance of the US spot Bitcoin ETF is strong, with weekly inflows exceeding $2 billion, and the holdings have surpassed Satoshi’s; investor demand has grown by 4% compared to March 2023 levels. Meanwhile, Switzerland is taking groundbreaking measures, proposing to require the Swiss National Bank to include Bitcoin in its $1.03 trillion reserve assets, a move that could reshape the global financial landscape and significantly impact Bitcoin's price trends.
Some notable movements have also emerged in the market: An early participant in an Ethereum ICO transferred $2.14 million worth of ETH to Coinbase after nearly nine years of silence; at the same time, a well-known 'blockchain bandit' activated a dormant wallet, transferring $172 million worth of ETH.
Looking ahead to 2025, Bitcoin still faces some pressure, with analysts expecting the price may drop below $90,000 but is likely to rebound to $120,000. SkyBridge Capital founder Anthony Scaramucci predicts that due to tightening supply, Bitcoin's price could double. Moreover, Binance's record reserve size and the approval of spot ETFs keep Bitcoin as a major investment asset in 2025. Bitcoin's market dominance, established at the end of 2024, is expected to carry through all of 2025, while ETH also shows strong upward momentum.
2. Key Data (as of January 1, 15:15 HKT)
S&P 500: 5,881.63 points (up 24.01% year-to-date)
NASDAQ: 19,310.79 points (up 30.78% year-to-date)
10-year US Treasury yield: 4.581% (up 69.4 basis points year-to-date)
Dollar Index: 108.47 (up 7.01% year-to-date)
Bitcoin: $93,468.69 (up 120.4% year-to-date), daily spot trading volume is $39.865 billion
Ethereum: $93,468.69 (up 46.1% year-to-date), daily spot trading volume is $19.067 billion
3. ETF Flows (December 31 EST)
Bitcoin ETF: +$35,932,400
Ethereum ETF: +$5,318,100
4. Important Dates (HKT)
ISM Manufacturing PMI (January 3, 11:00 PM)
Actual: Pending release / Previous value: 48.4% / Expected: 48.3%
5. Hot News
Syria proposes to legalize Bitcoin to boost economic recovery
Founder of 1confirmation: ETH will eventually rise to $10,000
Messari releases six major predictions for 2025: Hyperliquid's strong performance may have ended, ETH is expected to outperform SOL
Dragonfly managing partner releases six major predictions for 2025: The distinction between L1 and L2 is fading, and EVM market share will continue to grow
3A blockchain game Seraph is about to launch TGE
The IRS releases temporary relief measures for cryptocurrency taxation, allowing CeFi exchange users to bypass tax regulations in 2025
Musk tweeted twice containing frog elements
Re-staking protocol ether.fi launches Berachain incentive pre-deposit vault
AI16Z becomes the first AI token on Solana with a market cap exceeding $2 billion
Sonic SVM: 57% of the total SONIC token supply will be allocated to the community, with the TGE scheduled for January 7, 2025
FLock.io announces the launch of the mainnet and token generation event on Base
Binance Labs invests in 46 projects in 2024, focusing on blockchain, AI, and biotechnology in 2025
The top three annual return rate declines among the top 500 cryptocurrencies by market cap are: STRAX, KUJI, SATS
Matrixport: Competition between Solana and Sui intensifies, Ethereum may face greater competitive pressure in 2025
Musk reposts 'Elon Musk is now Kekius Maximus'
Franklin Templeton releases 2025 crypto outlook: Regulation, institutional adoption, and technological advances will shape the future
Supported by OSL - Hong Kong's largest OTC trading platform, continuously providing regulated digital asset services to the market since 2018.
