Bitcoin sent a gift to investors on Christmas Eve last night (24th), starting a rapid rise around 20:45, breaking through multiple resistance levels, and reaching a peak of $99,480 at midnight. As of the time of writing, it has slightly retraced to $98,137, with a nearly 5% increase in the last 24 hours. Today's daily $BTC market analysis indicates that the 1-hour level is about to decline or adjust, the 4-hour level is rising, the 12-hour level is rising, and the daily level is about to show a downward trend, with an intraday resistance at $10,700 and a support at $95,600.
Ethereum also briefly broke through $3,500, and SOL stood above $200, with most mainstream altcoins rebounding under Bitcoin's influence.
The total liquidation amount across the network is $172 million.
In the past 12 hours, the total liquidation amount across the network was $172 million, of which the liquidation amount for long positions was approximately $61.27 million, and the liquidation amount for short positions was about $111 million. Last week was mainly about long position liquidations, while this week is focused on short position clearings. Both sides need to be cleaned up before a rally can happen. Bitcoin has slightly adjusted today, brewing to stand above $100,000 again and will reach new highs; something big is coming!!!
MicroStrategy's proposal to increase capital stock by as much as 2,200%. MicroStrategy will launch the '21/21 Plan' in October 2024, planning to raise $42 billion over three years, including $21 billion in equity capital and $21 billion in fixed income capital. To accelerate this goal, MicroStrategy has announced a special shareholder meeting and the following proposals for the issuance of new shares:
Increase the authorized Class A shares from 330 million shares to 10.33 billion shares to support future fundraising.
Increase the authorized preferred stock from 5 million shares to 1.005 billion shares to expand financing options.
If both proposals are approved, MicroStrategy's equity will increase from the original 500 million shares to 11.5 billion shares, an increase of up to 2,200%.
Finally, let's take a look at 2025. Investment directions for altcoins may focus on the following several areas:
Ethereum liquid staking: Since last year, lending projects like AAVE have gradually transitioned to liquid staking. Some funds can focus on this area, as future returns are promising.
RWA field: In 2024, projects like ONDO have great potential. This area is still in the exploratory stage, but its returns could be very considerable.
Bitcoin Layer 2: Bitcoin Layer 2 solves the scalability issue of Bitcoin and will be an investment area worth paying attention to in the future, especially in the context of capital inflows.
NFT market: NFTs are not just digital art; they represent a cultural value. With market maturation, the growth potential of NFTs should not be underestimated.
AI + chain games: Although my understanding of chain games is limited, this field has huge potential in the future, and it may be worthwhile to consider allocating some funds.
Bankruptcy sector: After a long period of adjustment, the bankruptcy sector may soon welcome some speculative opportunities. In particular, MeMe-related speculative topics may become short-term investment hotspots.
Overall, the market in 2025 may witness a concentrated liquidity explosion rather than a 'fake bull market' dominated by MeMe topics. Seizing opportunities and executing strategies are the keys to success.