1. Market observation
Keywords: ETH, ETF, BTC
Bitcoin futures data indicates prices are expected to break $100,000, supported by multiple market indicators. Notably, the net acquisition of Bitcoin accumulation addresses significantly increased by 82.6% in December, indicating strong market demand. Analysts expect Bitcoin prices to break $105,000 after the holidays. However, market uncertainties remain, and with resistance levels appearing, Bitcoin may face short-term correction risks. It is also worth noting that despite Ethereum's 48.19% increase this year, its momentum has weakened recently.
On the global regulatory front, the Israeli Securities Authority has approved the establishment of six Bitcoin mutual funds, while Russia has expanded the use of Bitcoin in foreign trade. In Asia, Binance is actively promoting a crypto payment project for Thailand's tourism hub. In the altcoin market, there is a widespread expectation of an upcoming 'altcoin season,' with Avalanche (AVAX) receiving special attention, as its founder Emin Gun Sirer compares AVAX's supply cap to Bitcoin's, potentially driving up AVAX's price.
In institutional investment, MicroStrategy plans to raise $42 billion to strengthen its position in the cryptocurrency market. However, some negative signals have emerged: large deposits from Ethereum whales on Binance have raised market concerns, while on Christmas Eve, $338.38 million flowed out of Bitcoin ETFs, while Ethereum ETFs recorded a net inflow of $53.54 million, reflecting the competitive market dynamics between the two major cryptocurrencies.
2. Key data (as of December 27)
S&P 500: 6,037.59 points (year-to-date +26.45%)
Nasdaq: 20,020.36 points (year-to-date +32.81%)
10-year U.S. Treasury yield: 4.579% (year-to-date +69.2 basis points)
U.S. dollar index: 108.159 (year-to-date +6.69%)
Bitcoin: $96,140.61 (year-to-date +126.5%), daily spot trading volume is $46.038 billion
Ethereum: $3,366.03 (year-to-date +50.80%), daily spot trading volume is $22.998 billion
3. ETF flows
Bitcoin ETF: +$419 million (December 26 EST)
Ethereum ETF: +$88.92 million (December 26 EST)
4. Important dates
With the Christmas holiday approaching, Hong Kong stocks and financial markets in several European countries will be closed for two and a half days starting Tuesday (24th), while U.S. markets will be closed for a day and a half.
5. Hot news
A new address withdrew 125,990 SOL from Binance nine hours ago, worth $24.02 million
Jupiter will airdrop 700 million JUP next month, with about 2.3 million eligible wallets
ETH/BTC exchange rate bull James Fickel swaps 6,500 WETH for 225.6 WBTC again
Siqi Chen gradually sells donated Mira coins to support cancer labs, with Mira's market cap dropping to $14 million at one point
16.9 trillion BONK have been burned, worth over $50 million
Bitwise applies to the U.S. SEC for the 'Bitcoin Standard Company ETF'
BlackRock doubles down on investment in IBIT through its global allocation fund
Trump-related asset management company Strive applies for 'Bitcoin bond' ETF
Marathon Digital's Bitcoin holdings have increased to 44,394 BTC
Moonshot launches Mira (MIRA)
KULR invests $21 million to purchase about 217 Bitcoins
Viewpoint: MicroStrategy's stock issuance plan struggles to halt Bitcoin's downward trend
Malaysia's MCMC requires communication platforms to complete license applications, with Telegram and WeChat having initiated processes
ai16z will announce a new tokenomics proposal around January 1
Binance Alpha adds 5 new projects: EVAN, BITCOIN, VISTA, AVAAI, and AITECH
Vitalik adopts Thai internet celebrity hippo Moo Deng and donates about $290,000 to its zoo
Pantera Capital CEO predicts Bitcoin bull market cycle will peak in August 2025
Pump Science: Tokenomics design completed, will conduct BIO airdrop activity
Bitcoin accumulation addresses have still net increased by 225,280 BTC in December despite facing significant selling pressure.
Supported by OSL - Hong Kong's largest OTC trading platform, continuously providing regulated digital asset services since 2018.
