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US stock market outlook: UBS is optimistic about the rally in 2026, with a target of 7700 points for the S&P 500 📈 Cryptocurrency concept stocks are experiencing fluctuations and declines, with BTC prices sluggish. 10x Research shows that mining companies have weak performance 📉 BlackRock's IBIT ETF has the only negative return but still attracts significant capital inflows 🚀 Strategy pauses increasing BTC holdings, raising cash reserves to $2.19 billion 💰 Bitmine increases its ETH holdings by nearly 4.1 million, valued at $12.5 billion 🛠️ Mangoceuticals and Forward focus on SOL, and MemeStrategy also increases its SOL holdings, exploring DeFi 🖥️ Investment advice: consider buying the dip in coins and stocks, avoid going ALL IN, and focus on rebound opportunities 🔍

BTC Strong rebound breaks through $87,000, but warnings emerge in the derivatives market ⚠️. On the macro front, the Federal Reserve and the Trump administration's game of poker escalates, and comments on adjusting the inflation target raise concerns about independence; under Trump's optimistic rhetoric, risk aversion pushes up U.S. Treasury yields. On-chain data shows a violent tug-of-war between bulls and bears: on one hand, institutional players like Fasanara Capital increase their holdings in ETH, and the destruction of USDC suggests a return of on-chain liquidity; on the other hand, the entire network sees liquidations of $300,000,000, with long positions being wiped out, and BTC OG whales' high-leverage long positions expanding losses to $55,000,000, while at the same time, the 'largest on-chain short' accurately profits from shorting. The short-term trend shows a divergence between news and technical aspects, with institutional buying providing support, but the risk of leverage liquidation remains high. In summary, the cryptocurrency market is currently in a news-driven high-volatility oscillation period, with a tug-of-war between bulls and bears, and short-term caution is needed against the risk of a pullback.

BTC 🐻 The giant whale's position of 716 million USD is facing liquidation risk, ETH has dropped below 2900 USD with a decline of 5.4%, and BTC has dropped below 87000 USD. Institutional funds continue to flow out, and both ETFs are experiencing net outflows. Although the approval of U.S. banks to enter the market brings long-term benefits, the short-term bearish momentum is strong, and market sentiment is leaning bearish. 📉 In the short term, bears dominate, and the market is facing downward pressure.

Comprehensive analysis: Whales and institutional funds are accelerating their布局. The massive issuance of USDT and USDC (+550 million) and BitMine's significant accumulation of ETH are providing ample liquidity and fundamental support for the market. On the macro level, Fed officials have released dovish signals, coupled with optimistic market forecasts for inflation, leading to a rebound in risk appetite. Fold's inclusion in the Russell 2000 and potential trading services from JPMorgan signify that traditional finance (TradFi) is accelerating its acceptance of cryptocurrency assets, while breakthroughs in the AI sector (LazAI) are injecting new narratives into the market. 📈 Cryptocurrency market trend report: Whales are sweeping up, liquidity is overflowing. Recent data shows a significant increase in the supply of stablecoins, with institutional funds rushing into the market. Under the dual benefits of ETFs and predictive markets, BTC faces a seasonal turning point, while ETH highlights its scarcity due to enterprise-level accumulation. The AI and DeFi sectors are performing remarkably, with ZKP surging 61% to become the market focus. Macro dovish expectations resonate with the US stock market's "Christmas rally," leading to a comprehensive warming of risk assets. Summary in one sentence: The combination of excess liquidity and institutional endorsement has created a strong bullish sentiment in the market, establishing a trend of oscillating upward.

Cryptocurrency Market Trend Report: The current cryptocurrency market is showing a fluctuating upward trend. Bitcoin has broken through the $90,000 mark, although it is affected by the U.S. Treasury yield suppressing the dollar's decline, its overall performance remains strong 📈. Ethereum is performing even better, initially rising before facing pressure, with a decrease in volatility, indicating increased market confidence in Ethereum's future trends. Institutional entry is accelerating, with BlackRock increasing its BTC holdings, and the Spanish company Vanadi Coffee continuing to accumulate, both contributing positively to market sentiment. The collaboration between Velo and WLFI aims to introduce USD1 into the ecosystem, which may enhance the application scenarios for stablecoins. Wallet addresses hoarding LINK and making profits demonstrate the attractiveness of quality assets. Venezuela's use of USDT for oil transaction settlements further validates the practicality of stablecoins globally. Ghana's legalization of cryptocurrency adds bricks to market development, and Mitsubishi UFJ's prediction of a weaker dollar also provides a favorable environment for cryptocurrency. The decentralized trading platform of the Hyperliquid ecosystem Kinetiq reflects ongoing innovation in the DeFi space. Attention should be paid to the potential risks brought by thinning market liquidity. A certain address has made a large purchase of FARTCOIN, warning investors to cautiously assess high-risk assets. In summary, the cryptocurrency market is expected to continue a moderate upward trend with institutional support and favorable regulatory conditions, but caution is required regarding the uncertainties brought by liquidity and high-risk assets. 🚀💰 The current cryptocurrency market is generally showing an upward trend, but potential risks should be noted.

SEC Paul Atkins claims that the U.S. financial system (stocks, bonds, government securities, real estate) will be fully integrated into blockchain technology within the next 2 years, marking the largest structural transformation since the electronic trading of the 1970s 🚀. This "Crypto Value Project" relies on the GENIUS and CLARITY bills, which address stablecoin regulation and platform regulatory definitions respectively, ensuring a gradual compliance pathway 📜. Major financial institutions (BlackRock, JPMorgan) have issued tokenized assets and collateral on public chains like Ethereum, enhancing settlement efficiency and liquidity, reducing T+1/T+2 to second-level settlements ⏱. DTCC/DTC, as the core of custody and clearing, has received an SEC "no-action letter", and its ComposerX platform will interconnect traditional and DeFi assets, providing a single liquidity pool 🏦. Tokenization enables atomic settlement and real-time compliance checks, reducing counterparty credit risk and operational errors, enhancing transparency and auditability 📈. Real-time 24/7 markets break time zone and holiday restrictions, facilitating global asset circulation, while privacy and systemic risks need to be mitigated through zero-knowledge proofs and hybrid settlement mechanisms 🔐. Movemaker focuses on the Aptos ecosystem, promoting the linkage between developers and capital in the Chinese-speaking region, building an open and prosperous blockchain community 🌐.

⚡️On December 26, the total annual expiration amount of BTC options will exceed $23.8 billion, setting a historical record! Institutional positions need to be closed, rolled, or hedged, leading to sudden changes in market positions. Like in previous years, such a large expiration often increases volatility, especially within narrow ranges, making false breakouts likely. Traders are advised to remain cautious and avoid excessive leverage during this period.🚨

The price has fallen below $1.84, and if it continues to decline, it may face a deep correction at $0.5. Short-term performance: down 9.4% last week, 11.5% in two weeks, 13.7% in one month, and down 21.4% since December. In 2025, due to the SEC settlement and the launch of ETFs, it reached an all-time high, but momentum is lacking, and the overall trend is weak. The $1 mark is easy to break, and the $0.5 mark has become a key support point. 🚀 The industry's recovery is expected in 2026, and BTC may reach new highs, unlocking potential boosts for XRP. ⚡️

The Polish lower house has again passed the "Cryptocurrency Market Bill" (241 votes to 183), which was previously vetoed by the president. The bill aims to align with the EU's MiCA and may restrict the cryptocurrency market. The bill has been sent to the Senate for review, and if passed, may return to the president's hands.

ETH broke below $3000, weak structure, strong bearish pressure 🔴 Binance derivative leverage hits record, buying volume increases, optimistic 🟢 Support at $2750, break below → $2500; lack of demand above $3300, high volatility 📉 Spot market sluggish, derivatives show picky sentiment ⚖️ High leverage risk liquidation could lead to price crash 🚨

Macroeconomic and liquidity positives intertwine: The weak labor market strengthens expectations for a Federal Reserve rate cut 🚀. Bitwise data shows that inflows into Bitcoin ETP have surpassed those of gold ETP, highlighting a shift in the status of safe-haven assets. However, on-chain data shows anomalies, with 550 BTC transferred to Coinbase and an Ethereum pre-mining address that has been dormant for 10.4 years activated (2000 ETH), along with significant whale transfers of CRV, suggesting potential selling pressure. Technically, analysts are divided on bullish and bearish outlooks; Citibank has lowered its target price but remains optimistic in the long term. In the short to medium term, Bitcoin may fluctuate in the range of $86,000 to $92,000, while Ethereum needs to hold the key support at $2,772. Despite Tom Lee's fund providing a pessimistic forecast for 2026, cryptocurrency stocks (like BMNR) and risk assets such as silver are still experiencing broad gains. The market is experiencing short-term fluctuations and differentiation, supported by long-term macro liquidity expectations.

BTC strongly breaks through the $88,000 mark, ETH experiences intense long and short battles around the $3,000 level. Large transactions on-chain occur frequently, with 5,220,000 LINK transferred to Binance and a large amount of AAVE flowing into Coinbase, indicating both institutional reallocation and selling pressure. The entire network experienced liquidations of $274 million, with significant losses for short positions and a notable increase in market volatility. Federal Reserve officials have signaled a possibility of interest rate cuts, with macro liquidity expectations favoring risk assets. 📈 In summary, the market is in a high volatility phase of upward fluctuations, with clear capital rotation.

Comprehensive Analysis: Macroeconomic Benefits and Market Volatility Coexist At the macro level, signals of weakness in the U.S. labor market have sparked expectations for interest rate cuts. Although inflation data exceeded expectations, the sentiment for risk assets has warmed, and U.S. stocks have reached new highs. On-chain data shows market divergence: on one hand, institutional funds are active, with BTC and ETH prices breaking through key integer levels. Bitwise executives predict that ETF inflows will reach new highs next year; on the other hand, the transfer of large amounts by whales to exchanges and significant liquidation data (especially of long positions) suggest selling pressure at high levels and risks of severe volatility. The reallocation actions of key figures like Vitalik and the weak performance of some tokens also warn investors to be cautious of short-term correction risks. Market Brief: The warm macro wind and on-chain divergence intertwine; the bull market trend remains unchanged but volatility is increasing.

The cryptocurrency market is changing rapidly, with today's行情呈现分化态势. Bitcoin has broken through $89,000, but due to the overnight liquidation across the network (mainly short positions), volatility has intensified. Ethereum performed well, successfully breaking through $3,000, demonstrating strong resilience. On a macro level, U.S. inflation expectations for December exceeded expectations, which may exert pressure on risk assets. The Federal Reserve's proposal to set up "payment accounts" may affect future monetary policy. In terms of market sentiment, CZ's ASTER holdings are at a floating loss, and a certain KOL has made a large withdrawal, both of which require caution regarding potential risks. European stock markets have reached historic highs, the Nasdaq index is strengthening, and Bitwise's optimistic forecast for cryptocurrency ETF fund inflows provides positive support for the market. Overall, the market is currently in a phase of consolidation, and attention should be paid to inflation data and regulatory trends. Cautiously optimistic, risks are controllable. 🚀📈🧐 Summary: The cryptocurrency market is highly volatile in the short term, but the long-term trend is still influenced by both macroeconomic factors and market sentiment.

Macroeconomic benefits intertwine with on-chain games. The strong performance of US stocks 📈 combined with Bitwise's optimistic expectations for ETF capital inflows next year provides macro support for the market. However, on-chain data reveals divergence: Hyperliquid's large capital outflow 📉 and Binance's USDT net outflow suggest short-term liquidity pressure; Vitalik's exchange for USDC and whale rotation operations raise concerns about selling pressure at high levels. The critical liquidation point for ETH ($2813) has become the focal point of the long-short battle ⚡️. Summary: The market is in a game period of macro improvement and on-chain profit-taking, with a continuation of the fluctuating pattern.

The cryptocurrency market experienced a sharp overnight decline, with BTC falling below $85,000, and the total market cap dipping below $3 trillion📉. On the macro front, the US CPI came in lower than expected, raising expectations for interest rate cuts. However, whales deposited $445 million in BTC to Binance to go long, resulting in a floating loss of over $76 million, intensifying selling pressure🫥. In terms of options, around $23 billion in BTC options are set to expire soon, which may amplify market volatility⚡. On the regulatory and institutional side, the parent company of the New York Stock Exchange, ICE, plans to invest $5 billion in MoonPay, and the CLARITY Act is set to be reviewed, providing medium- to long-term confidence🏛️. Summary: The market is under short-term pressure from whale liquidations and options expiration, but macroeconomic and regulatory positives may be brewing a rebound.

The Bank of England cuts interest rates by 25 basis points🫧, the dual benefits of the Federal Reserve's rate cut and new accounting regulations💰 drive institutional capital to strongly absorb 2.6 billion dollars over two weeks. Institutional demand has significantly rebounded, with large inflows of BTC into exchanges (116 coins) and cautious sentiment in options trading🧐, intensifying the long-short battle; TRX and TON are frequently experiencing large fluctuations, with capital hotspots moving towards decentralization. The launch of a new currency (U/ZKP) and the merger with Trump-related stocks🎉 injects speculative vitality into the market. Overall, macro liquidity easing supports a structural bull market, but short-term vigilance is needed against high-level volatility risks. Summary: Macro liquidity easing supports a structural bull market, with short-term caution against high-level volatility risks.

On a macro level, the US CPI and central bank decisions are imminent, combined with expectations of rising US bond yields, leading to increased macro uncertainty and cautious market sentiment. Data shows that BTC spot ETF saw a net inflow of 457 million USD yesterday, but Bitcoin has fallen below the average price for short-term holders, with Glassnode indicating that BTC will maintain a fluctuation range of 81,000 to 95,000 USD. On-chain, whale activity is frequent, with significant whales unstaking ETH and large BTC transfers occurring, and the Hyperliquid long-short ratio is nearing 1. VC firm iCapital warns that if cryptocurrency treasury companies are removed from MSCI, it could trigger a capital outflow of billions of USD. Additionally, security vulnerabilities and regulatory dynamics (Coinbase's new appointments, Vitalik's criticism of excessive complexity) continue to evolve. Summary: The market is in a wait-and-see fluctuation period before macro data, lacking a unidirectional trend.

Market: The price is attempting to return to 90k, having broken through the 86k support, staying in the 85k area. 😬 Technical/Structure: The Donchian channel and the Bull-Bear Index show weak bulls and dominating bears, with signals already in negative territory. The 200-day moving average has no resistance. ⚠️ Risk/Outlook: Insufficient spot demand and ongoing derivative selling pressure; without structural changes, the risk of decline increases. 🔄

Last night, the cryptocurrency market showed significant correlation with the US stock market, with BTC and ETH experiencing intense back-and-forth at key support levels (86k/2800). 📉 As the three major US stock indices closed down, market risk aversion increased, with liquidations across the network exceeding 500 million USD, and long leverage being significantly washed out. On-chain data shows frequent movements from whales, with funds rapidly circulating between BTC, SOL, and PAXG, suggesting that institutions are rebalancing their assets. Comprehensive analysis: the market has entered a high-volatility consolidation phase; although there may be fluctuations in the short term, there is still support below, and it is recommended to pay attention to structural opportunities after the pullback.