K33: December is a window for accumulation, panic pricing has exceeded fundamentals
K33 Research analyst Vetle Lunde made a bold judgment: the current Bitcoin price reflects panic rather than fundamentals.
He believes the market is overreacting to the 'distant risks' of quantum computing threats and the possibility that Strategy may sell BTC, while ignoring recent strong signals—401(k) retirement accounts may include cryptocurrencies, and the Federal Reserve's stance has turned friendly.
According to him, the probability of the market rising sharply is much greater than a further drop of 80%. December could be a recent turning point.
K33 Research analyst Vetle Lunde made a bold judgment: the current Bitcoin price reflects panic rather than fundamentals.
He believes the market is overreacting to "distant risks" such as the threat of quantum computing and Strategy potentially selling BTC, while ignoring recent strong signals — 401(k) retirement accounts could incorporate crypto, and the Federal Reserve's stance has turned friendly.
Brother Ma Ji has lost down to only $227,000, but is still increasing his position in ETH
With a $3 million account, it has been reduced to only $227,000.
ETH dropped to $2900, and Brother Ma Ji's long position was forcibly liquidated, resulting in a loss of $738,000. An ordinary person would have long since admitted defeat and exited — but he did not. Immediately after the liquidation, he opened another long position of 2200 ETH, worth $6.18 million.
This person's operations over the past few weeks can be described as a textbook case of "how to lose money in a bull market": increasing long positions all the way from the peak, buying more as it drops, and ultimately shrinking the account by 92.4%....
The CoinMarketCap altcoin season index is only 19, meaning that only 19% of the top 100 cryptocurrencies outperformed BTC in the past 90 days. This index reached 78 on September 20 this year, and the average for last week was just 25.
BTC dominance is still hovering at a high level, and systemic opportunities for altcoins are temporarily not visible. At this stage, only localized narratives (AI, Meme, RWA) have the potential for excess returns.
Hassett: Unless a black swan, the U.S. will welcome a golden year in economic history
The Director of the National Economic Council of the United States, Hassett, stated that unless a black swan event occurs, the U.S. will welcome "a golden year in economic history" and expects the Federal Reserve to lower interest rates again next week.
The macro environment is friendly to risk assets, but the expression "golden year" usually appears at the end of the year or the beginning of the year, and actual trends often contradict this.
Defillama data shows that Pump.fun's revenue in the past 24 hours reached $1.09 million, surpassing Hyperliquid's $896,000, ranking only behind Tether and Circle in the protocol revenue leaderboard.
The revenue from the meme token issuance platform can outperform top derivative DEXs, indicating that the demand for on-chain casinos remains strong.
However, Pump.fun is highly reliant on meme popularity, and its revenue fluctuations can be significant.
The SEC is set to hold a roundtable discussion on December 15 regarding cryptocurrency, financial surveillance, and privacy, with attendees including key figures in the privacy space like Zcash founder Zooko Wilcox.
The direction of this meeting will determine two paths: if a consensus is reached that zero-knowledge proofs can meet compliance requirements, privacy technology may be integrated into the flexible space of digital asset brokers and custodian rules; if the meeting splits into factions of "privacy is a right" and "privacy fosters crime," the existing surveillance framework may continue, leaving privacy advocates to pursue legal action.
For privacy coins like ZEC, XMR, and SCRT, this is one of the most important policy indicators as the year comes to a close.
MetaMask officially announces integration with Polymarket. From now on, users can place bets on prediction markets directly within the MetaMask wallet and can also top up using any EVM token with one click. Each prediction can also earn MetaMask points.
The cumulative trading volume of prediction markets has exceeded 13 billion dollars this year, and Polymarket's valuation is rumored to be as high as 15 billion.
This integration by MetaMask effectively directs tens of millions of active users straight into the prediction market entrance....
The CEO of wallet service provider Exodus predicts that Bitcoin will reach $200,000 by 2026. Predictions are just predictions, and should only be used as a reference for sentiment.
The stablecoin project Stable will officially launch its mainnet at 21:00 Beijing time on December 8 (8:00 AM Eastern Time). The prediction data on Polymarket is quite explosive— the probability of the first day's FDV exceeding 2 billion dollars has surged to 85%, while the probability of exceeding 4 billion is also at 18%.
What does this wave of expectations indicate? The market is still hungry for new stablecoin narratives.
Considering that USDT and USDC have long monopolized the stablecoin track, any new player with differentiated positioning can attract a large amount of speculative funds.
The Bank of Japan may raise interest rates by 25 basis points to 0.75% at the meeting on December 19, the highest since 1995.
A stronger yen is usually accompanied by the unwinding of arbitrage trades. The yen financing liquidity that previously supported the rebound of BTC may face tightening. Leverage funding should be approached with caution.