Crypto Market Insights December 12
First, let's pay attention to the macro aspects:
-The Federal Reserve has cut interest rates for the third consecutive time, lowering the benchmark rate by 25 basis points to 3.50%-3.75%, with a total reduction of 75 basis points this year.
-The "Fed's Mouthpiece" indicates that Powell is pushing for a rate cut amid internal opposition, noting that future cuts will depend on inflation falling, employment worsening, or changes in Fed personnel, while reminding the Trump administration to continuously test the boundaries of the Fed's independence.
-Spot silver has broken through $63/ounce to reach a new high, with New York silver futures also surging.
Now let’s look at market hotspots:
-Yesterday, the net inflow for the US Bitcoin spot ETF was $224 million, and the net inflow for the Ethereum spot ETF was $57.6 million, with the fear and greed index at 29!
-The "1011 Insider Whale" has increased its leveraged Ethereum long position to approximately 140,000 ETH, with an unrealized loss of about $4.3 million and a liquidation price near $2,387.
-Analysts point out that the Fed's dovish stance benefits risk assets, with the market betting on two potential rate cuts in 2026.
-Oak Tree Capital's Marks states that there is currently no need for significant rate cuts and warns that interventions in funding costs may push investors towards higher-risk assets, while expressing concerns about AI's impact on employment and capital structure.
Finally, let’s look at industry dynamics:
-Sei public chain announces a partnership with Xiaomi, with plans to pre-install crypto wallets and discovery applications on Xiaomi devices globally, excluding mainland China and the United States.
Today's summary:
The rate cuts have landed, officially starting the bear market, with estimates that the bear market will last until the first quarter of next year. Keep your ammunition ready to buy at the bottom anytime!
I am your host Mark, this is "Crypto Market Insights", and we will see you tomorrow!
