Last night, the opening of US stocks was generally normal and still rising, while the ETF data for BTC and Ethereum also came out today, showing normal inflows. So under these circumstances, the weekend's market is quite anticipated, basically indicating a warming and rising signal. Everyone can see that the current market is still fluctuating within a range. Once there is a decline, the market will quickly recover, proving that the funds on the American side have begun to slowly recover. In the next trend, without any significant negative news, the market will move towards an upward warming state, as the negative sentiment regarding the Fed's interest rate cuts in 2025 has mostly been digested. Although this week is the last Sunday of 2024 and coincides with the expiration of $4.2 billion in options, it is highly likely that investors will choose to defer rather than immediately sell off, so this wave of delivery will not have too much impact on the market. Then let me show you the data: BTC net inflow is $475 million, Ethereum net inflow is $117 million. Ethereum has almost bought back the outflow data from two days before Christmas in just one day, but Bitcoin is still lacking a bit. This shows that institutions are currently slowly becoming interested in Ethereum. Although the price of Ethereum is still far from its historical high, the trend has already shown that institutions and investors are more optimistic about its sentiment. If Ethereum can maintain this inflow, I believe the price of Ethereum will also rise accordingly, and the long-awaited altcoin season will soon be seen with Ethereum's momentum!
Bitcoin is currently moving in a relatively tangled manner, mainly because last night the three major US stock indexes had fluctuations of 0.07% for the Dow, 0.04% for the S&P, and 0.05% for the Nasdaq. This is significantly smaller than usual. Bitcoin's volatility was also relatively small after the US stock market opened, with the highest fluctuation reaching 96,600 and the lowest above 95,000, with a maximum amplitude of only around $1000. Bitcoin's trend remains consistent with US stocks. After all, at the end of the year, whether institutions or listed companies are cashing out for the holidays or balancing their accounts, there is some impact on Bitcoin, but it does not significantly affect the trend. The end-of-year market, except for 2020, which had a monotonous rising trend, has been a fluctuating market in other years, with real breakthroughs occurring in January of the following year. Therefore, there is no need to overly focus on Bitcoin's market in the next few days; the January market will definitely be good, especially since Trump will take office on January 20.
Apart from platform coins, other altcoins are basically performing relatively average, especially BGB and Gate's GT, which have already reached historical highs. Previously, after BNB and HTX reached new highs, a new altcoin market was opened. The early performance of platform coins is, in a sense, also indicative of the initial performance of the altcoin market rotation. Now it is the performance of second-tier platform coins. Does this mean it will be crazier than the previous round?
Ethereum will eventually lead altcoins out of their predicament and usher in a brilliant moment for altcoins!
As a benchmark for altcoins, Ethereum also includes many altcoin ecosystems built around it. Its ecosystem has already firmly established itself in the market and is operational. This includes the vibrant on-chain ecosystem!
Although there are many potential altcoins in the market that sometimes temporarily surpass Ethereum in popularity, in the long run, Ethereum still holds the most stable position as the second leader in the crypto circle.
The most representative among them is SOL, SUI, AVAX, and other public chains in the same sector, which have not performed very well recently. However, these ecosystems are ultimately their own chains, while Ethereum has already surpassed many ecosystems.
Now, with the ETF funding entrance, Ethereum is more deserving of the long-term holding advantage. Speaking of recent whales, including institutions and listed companies, many whales have been frequently trading at the 3500 level, and even institutions are willing to raise their own costs to accumulate large amounts of Ethereum. Perhaps this is signaling us retail investors that once certain conditions and triggers occur, it will be too late to get into Ethereum.
The year 2025 will be a time for Ethereum to showcase its capabilities. Currently, the staking of spot ETFs is still not allowed, and ETFs cannot be staked. This also explains why the inflow of BTC ETFs has always been much higher than that of Ethereum.
Once Trump comes to power and changes the policies, it is highly likely that staking will be allowed, after all, Trump's biggest holdings besides some altcoins are Ethereum. After the staking is introduced, not only can there be an increase in annualized rates, but there are also dividends to earn interest. The target for this attraction is the large number of whales holding Ethereum, including institutions, and of course, subsequent developments may also include listed companies.
The launch of staking will mainly affect the Ethereum ecosystem, especially the staking sector. Currently, the standout altcoins in the staking sector, LDO and SSV, are better choices. I believe that with the launch of the staking function, there will also be dividends from secondary altcoins!
Since the market began in March-April, Ethereum has been disliked by retail investors. But have you noticed that Ethereum's decline has led to altcoins being stuck for nearly eight months, causing everyone to suffer from the bloodsucking and selling pressure brought by VC coins? Then in November, when Ethereum returned to its yearly high and broke through 4000, most altcoins followed suit, showing an increase of 2-3 times.
Therefore, without the rise of Ethereum, altcoins will find it difficult to emerge. The staking function of Ethereum's ETF is coming soon, and Ethereum's upgrade is also coming soon. So the long-awaited altcoin season is coming soon! I am preparing to position a project that will surge in the short term, and doubling is not a problem. Friends interested in spot trading but lacking direction can like and leave a message for a free share.
