XXYY.cc Evening Report ｜ Important Updates on December 14

12:00–21:00｜Keywords: Bank of Japan Interest Rate Hike · Coinbase · Warsh

1️⃣

Cathie Wood: The cryptocurrency market may have bottomed out, Bitcoin remains the preferred choice for institutions

The founder of ARK Invest stated that the current price range may have reflected most macroeconomic and policy uncertainties, and institutional funds will continue to prioritize Bitcoin over other risk assets.

2️⃣

Federal Reserve Chair nominee Warsh: Bitcoin is a counterbalance to government spending

Warsh publicly affirmed Bitcoin's characteristic of 'fiscal constraint,' believing it can serve as a market force to limit excessive government spending. This statement is seen as a clear signal of crypto-friendliness.

3️⃣

Coinbase Bitcoin Premium Index has been positive for 12 consecutive days

The current premium is approximately 0.017%, indicating that the spot demand in the U.S. compliant market continues to be stronger than in overseas markets, with institutional buying gradually but steadily flowing in.

4️⃣

10x Research: Disagrees that 'the four-year cycle has been broken', but the market is no longer anchored to halving

The institution believes that the cycle still exists, but the influencing factors have shifted to macro liquidity, ETF funds, and policy expectations, with the importance of halving being diminished.

5️⃣

Analysts: If the Bank of Japan raises interest rates as scheduled, Bitcoin may retreat to around $70,000

Tightening yen liquidity may cause global risk assets to come under short-term pressure, and Bitcoin may face a technically driven pullback due to macro factors.

6️⃣

Bitwise Advisor: Current market structure is unfavorable for Bitcoin to continue rising

It pointed out that some early Bitcoin OG whales are still cashing out in batches, and the selling pressure has not completely cleared, creating a constraint on short-term trends.