Many people got excited early in the morning upon seeing a statement—
“The crypto market has shown signs of recovery this week.”
But if you really watch the market, you will find a more brutal fact:
The market is not rising,
It’s funds reallocating.
1. First, look at the big market: $3.086 trillion, it’s not a start, it’s a breather
As of December 22:
Total market cap of crypto: $3.086 trillion
Performance: slight recovery, not a trend reversal
Background: liquidity decreases in Christmas week, U.S. stocks
The market closed early on Wednesday
The market is closed all day Thursday
What does this mean?
👉 This is not the main offensive window,
But rather a period of position adjustment.
Two, the real protagonist: Binance Alpha in 'single-point explosion'
The most recognizable line in the market today is just one:
Binance Alpha sector.
PINGPONG
RAVE
ZKP
BEAT
All up over 50% in 24 hours.
You need to pay attention to a key point:
This is not 'random pumping', but synchronous movement in the same sector.
Alpha is rising, what does it indicate?
I give you a direct judgment:
Under the premise of no liquidity expansion,
The only ones that can still be selected are 'early + screening + traffic entry'.
The Alpha sector has three characteristics:
1️⃣ Early projects, relatively concentrated chips
2️⃣ The narrative has not been fully exhausted by the market
3️⃣ Bind Binance traffic and attention
The rise of this type of asset is essentially not about being optimistic about the project,
But instead——
👉 Bet on 'being seen'.
Three, comparing memes: not sideways, but abandoned
Looking at the data of the meme sector, you will calm down instantly:
Meme total market cap: 24 hours -0.6%
Among the top 200 meme by market cap
Only M / PUMP / PIPPIN is rising
In summary:
Meme is not dead, but is no longer at the main table.
Why?
The early dividends are used up
Narrative is highly homogeneous
No new traffic entry
In a 'non-loosening period', the first to be drained
What you see is not 'cooling down',
But the funds are starting to dislike inefficient places.
Four, this week's real 'time bomb': Christmas + Trump
There is a phrase in the news that many people scan over and forget immediately:
The market is focused on whether Trump will announce the Federal Reserve chair nominee during the Christmas period.
This sentence is very important.
If Donald Trump is during a low liquidity holiday
Throw out a strong hawkish/political candidate——
Interest rate expectations will be instantly repriced
Risk assets' reactions will be amplified
Small coins are most easily 'the first to get cut'
So the warmth you see now looks more like:
Hedging positions before the holiday,
And not trend betting.
Five, putting the three lines together, you will see the truth
The real structure of the market now is like this:
The market: not falling, but you are not allowed to fantasize.
Alpha: concentrating firepower, short-term speculation
Meme: retreating, waiting for the next narrative to restart
This is neither a bull market nor a bear market,
But it’s one word:
Layered market.$BTC
