Macroeconomics:
1. Russian Finance Minister: Russia is using Bitcoin for international trade and will establish Bitcoin reserves
2. Bank of Korea: Crypto investors account for 30% of its total population, and the average daily trading volume is equivalent to the stock market. The status of traditional financial markets has been impacted to a certain extent
3. Greeks.live options market data shows that the market heat has dropped significantly, and participants' optimism about January has weakened - sentiment is bearish
4. The probability that the Federal Reserve will keep interest rates unchanged in January next year is 91.4%. There is no positive news at the monetary policy level. The future market rise requires other substantial positive stimulus
5. Contract total The transaction volume and total holdings have shrunk significantly recently. In the historical trend, the simultaneous decline of the two is usually accompanied by range adjustment or decline in price trends. The effects of the previous multiple positive factors (interest rate cuts + halving + Trump's victory on the crypto market) have passed, and bulls need further positive stimulation.
6. BTC spot ETF has been in an outflow state for 4 consecutive days, which is related to the short-term decline + the phenomenon of holding coins (money) during the European and American holidays.