$BTC $ETH $BNB
🔥 Today's sentiment: Extreme Panic (Index 16)
📉 BTC: $86,720 | ETH: $2,805
💡 Core logic:
The panic index plummeted to 16 (recent new low), with bloodshed in the market. However, the fundamentals welcome an epic reversal: Vanguard allows trading of crypto ETFs! Once the largest 'anti-crypto' giant has turned its back, coupled with the listing of Grayscale LINK ETF. This is not a bear market; it is clearly institutions cleaning leverage amid panic sentiment to make room for new funds to enter!
🚨 Overnight heavy news: 3 major shifts in capital
1. 🇺🇸 Wall Street giant 'surrender': Vanguard opens the floodgates
Vanguard, the asset management giant with 50 million clients, will allow trading of cryptocurrency ETFs starting tomorrow.
Interpretation: The floodgates for long-term funds have been opened. Previously the most stubborn 'Bitcoin opposition', this shift means Wall Street is fully embracing crypto assets.
2. New Federal Reserve Chair: The shoe is about to drop.
Trump reveals that he has finalized the Federal Reserve chair candidate, with the market betting on the 'dove' Kevin Hassett.
Interpretation: Hassett advocates low interest rates; if he takes office, the liquidity easing expectation for 2026 will be fully realized, which is good for risk assets.
3. RWA track explosion: Chainlink ETF listing
Grayscale's first Chainlink spot ETF (GLNK) hits the market.
Wealth code: Institutional funds now have a compliant channel for allocating $LINK, and the RWA sector may welcome an independent market.
Hardcore analysis of the market
BTC: This morning staged a thrilling 'deep V', quickly pulling back above 86,000 after a dip to 83,786.
Technical analysis: The 1-hour chart shows a clear bottom divergence, indicating strong buying pressure below. However, the 4-hour level is still constrained by the moving average near 89,500. As long as it does not break 85,500 during the day, it is highly likely to consolidate and recover.
ETH: Still the 'unpromising underdog', linked down to 2718.
Opportunity: Tomorrow (12.3) Fusaka upgrade is a lifeline. If it can return to 2900 after the upgrade, there is hope for a rebound; otherwise, be wary of continued decline.
Operational advice
Keep a close eye on capital flow: After tonight's opening of the US stock market, focus on the net inflow data of ETF after Vanguard opens trading, which may be the first shot of sentiment reversal.
Spot is king: Under this volatility, contracts are extremely susceptible to double explosions. Hold onto the spot and wait for institutions to lift the sedan!
#加密市场回调 #加密市场观察 #ETH走势分析 #美联储重启降息步伐
