12.3 Market Analysis

Last night's downward pressure was a typical liquidity wash, with continued bearish sentiment concentrated in key areas. Capital completed the absorption below and then repaired upwards with positive news. Such structures are not uncommon in the cryptocurrency market.

Two key developments in the early morning:

US banks allowing wealth advisors to allocate up to 4% BTC for clients;

Vanguard opening trading for BlackRock BTC spot ETF.

These two points directly address a core issue: the entrance for traditional institutions continues to be opened.

Looking back at the large on-chain liquidity and concentrated positioning actions in October and November, the early release of positive news aligns with the usual rhythm of institutions.

If calculated according to conventional allocation ratios, even if only 0.25% of funds flow into BTC over the next two years, the potential increment is close to 70 billion USD, forming a substantial push for the medium to long-term trend.

On the macro front:

The Fed chair candidate leans moderate, generally viewed as a positive for risk assets;

But geopolitical variables still present uncertainties

The US-Venezuela relationship is unstable;

Russia-Europe tensions are rising;

These factors may cause short-term disruptions.

Strategy preference:

Before the trend structure is broken, maintain the holding strategy and do not follow short-term emotional fluctuations.

In addition to BTC, consider moderate allocations to stable assets like gold to enhance the portfolio's resilience.

Risk warning:

Market volatility has normalized, please participate within your own risk tolerance. The above is for market reference and does not constitute investment advice.

$BOB $TURBO $ALCH #币安区块链周 #美SEC推动加密创新监管 #ETH巨鲸增持