On December 21, Web3Daily.news Crypto Headlines:
1. Yesterday, aided by the less-than-expected interest rate hikes for 2025 and the lack of liquidity over the Christmas weekend, the market makers launched a downward extreme test.
$BTC accurately dropped to 92,000, without wasting a single cent, completely liquidating the accumulated long positions.
In the evening, buoyed by the positive news of cooling PCE inflation, it rebounded and stood back at 97,000.
2. Analysis: The liquidity over the weekend was very low, and with the upcoming Christmas season next week, U.S. investors' trading appetite has diminished significantly, providing ample operational space for Eastern market makers.
Currently, if $BTC breaks down below 93,000, it will liquidate $1.7 billion in long positions; if it breaks up above 100,000, it will liquidate $2 billion in short positions.
On-chain data shows that the support zone between 95,000 and 105,000 has not been broken, and the exchange reserves of $BTC have hit a new low, indicating that the crypto market remains stable.
3. The spot ETF data for $BTC has not yet been updated, but based on the current statistics, there should be a significant net outflow. Two days ago, there was a net outflow of 6,706 coins.
From the trading data before yesterday's market, the buying ratio was 30%, indicating that U.S. investors are starting to turn bearish.
The overall market bearish ratio is 51%, bullish 31%, and neutral 18%.
The Fear & Greed Index is at 74, still in a state of greed.
4. Ethereum may see positive news. SEC officials revealed in an interview that ETH held by ETFs will be allowed to be staked.
The annualized return for ETH staking is over 3%, which will be a substantial profit for institutional holders and will stimulate ETF sales.
