In the past two days, the crypto market has seen a small rebound.
Bitcoin returned to 95,000 US dollars and fluctuated, while Ethereum fluctuated at 3,389 US dollars.
Judging from the K-line, the price of Bitcoin fell from US$108,000 to a low of US$91,500.
After many attempts, it has stabilized in the short term, and $91,500 is a relatively strong support level.
If this level is broken, we will see $89,000 and $83,475.
From the perspective of market sentiment, the Fear and Greed Index has dropped to 51, indicating that market sentiment is a bit depressed.
It is expected that market liquidity and sentiment will gradually recover after January 6, when U.S. institutions and investors end their Christmas holidays and return to work.
The market will also begin preparing for the handover of power between Trump and President Donald Trump in two weeks.
From a macro and capital perspective, although market sentiment is relatively depressed, new funds are still entering the crypto market.
Yesterday, Bitcoin spot ETF had a net inflow of US$5.31 million, and Ethereum spot ETF had a net inflow of US$35.93 million.
The inflow of Ethereum funds exceeded that of Bitcoin, indicating that American investors are more confident in the future trend of ETH.
With Trump taking office, compliant crypto projects may become more favored by capital.
In addition, the additional 16 billion funds paid by FTX will gradually flow into the crypto market after January 3, which is good news in the short term.
Continue to be optimistic about the Solana ecosystem
We expect this trend to continue, with Solana-based applications and protocols emerging as the big winners of the next cycle as more users, capital, issuance, and activity migrate to the Solana ecosystem.
Ethereum will continue to be caught between a rock and a hard place, and could even fall into a long-term decline, as it faces stiff competition from Solana and other faster, cheaper blockchains. Unless Ethereum can compete, developers, users, and capital will migrate to chains that better meet their needs.
Binance Labs: Prioritizing fundamentals and user adoption
Alex Odagiu, investment director at Binance Labs, the $10 billion venture capital and incubation arm of Binance and an evergreen venture capital firm, told The Block that the firm will continue to support Web3, AI, and biotech startups regardless of market cycles.
Binance Labs expects crypto venture capital to show strong momentum in 2025, but will remain focused on fundamentals rather than price action or market hype. Projects with real use cases, product-market fit, strong teams, and sustainable revenue models are most likely to succeed.
Optimistic about stablecoins and RWA
Stablecoins, particularly in the payments space, continue to demonstrate strong product-market fit and remain a key focus area for capital deployment.
Although RWA lags behind stablecoins, the potential of RWA cannot be ignored!
