Crypto Rangers

Bitcoin $BTC surged to $94,000 early this morning, reaching a three-week high 🚀 This wave has ignited the market's greed sentiment, and everyone is shouting that it will continue to rise

But don't get too excited! This surge will quickly cool down, and the price has dropped back to around $92,000. More importantly, the Federal Reserve is about to announce its interest rate decision, and in several previous instances, Bitcoin has dropped after rate cuts

Some people say this surge was entirely controlled by institutions, waiting for retail investors to chase the high and take over. When trading contracts, be sure to manage your position well; once it crashes, you can bottom fish with spot trading #美联储重启降息步伐 #加密市场反弹

Will Bitcoin $BTC 's trend this year replicate that of 2020?

That time, it first went through a deep correction that made many doubt life, before launching into a vertical surge. However, most high-leverage investors faced losses during the false drop phase.

This October, Bitcoin also plummeted from $126,000 to $81,000, with $19.1 billion liquidated in 24 hours, forcing over 1.6 million traders to exit. In March 2020, 'Black Thursday' also saw a drastic fall to $4,800, after which a major upward wave began.

Behind the historical repetition is the continued accumulation by institutions during the correction, highlighting that the market has shifted from retail speculation to institutional dominance #加密市场观察

The world's top university is voting with real money, Bitcoin $BTC has completely won 🚀 Harvard University has invested 443 million in Bitcoin in Q3, with holdings surging by 257%, directly surpassing Microsoft and Amazon to become the number one holding!

What's even more ruthless is that during the same period, gold holdings doubled to 235 million, but the amount in Bitcoin is already twice that of gold! This is not a small play, Harvard's 57 billion donation fund is precisely betting, essentially using "digital gold" to replace traditional safe-haven assets to hedge against currency devaluation risks. Institutional giants are collectively entering the market, and Bitcoin's hard currency status has been thoroughly established! #加密市场观察

Recently, celebrity investor Kevin O’Leary from "The Smart Investor" harshly criticized that most altcoins are "garbage coins" on social media platforms and other occasions, declaring that their era has ended. He also emphasized that only Bitcoin $BTC and Ethereum $ETH remain stable in the cryptocurrency market.

He provided key evidence: holding these two coins can capture 97.5% of the excess returns in the cryptocurrency market, and during this round of market adjustments, altcoins no longer rebound as they did in the past, mainly because most lack real application scenarios.

At the same time, stricter regulations and the influx of institutional funds have accelerated the market's concentration towards compliant and stable assets. Institutional investors have always favored Bitcoin and Ethereum, and this market cleansing will be even more thorough in the future. He has also long included these two coins in his investment portfolio, eliminating all altcoins #加密市场观察 .

NVIDIA CEO Jensen Huang, with a market value of $4.5 trillion, offers a new core interpretation of Bitcoin worth $BTC : "Bitcoin is storing excess energy as a new currency that you can carry anywhere you want."

This viewpoint precisely points out the underlying value logic of Bitcoin $BTC —its proof-of-work mechanism essentially transforms idle energy from wind and solar into scarce digital assets, solving the issue of energy waste while endowing value with the portability for global circulation, perfectly aligning with the new understanding that "energy is value."

NVIDIA itself is also deeply benefiting from this trend, with its H100 and Blackwell series high-performance GPUs becoming the core support for crypto mining and AI computing power, with Q4 2025 revenue soaring by 78% year-on-year, confirming the strong synergy between crypto and AI. Jensen Huang's statement not only recognizes the value of Bitcoin but also suggests that the deep integration of energy, crypto, and AI has become an irreversible trend #加密市场观察 .

⚡Breaking! The mining cost for Bitcoin $BTC has reached a new high, with a cash cost per coin hitting $74,600, and the total cost soaring to $137,800. High costs are forcing listed mining companies to accelerate their transformation into the AI and HPC fields.

Leading North American mining companies such as Core Scientific and Cipher Mining have taken the lead in transforming their mining sites into HPC data centers. By signing contracts with AI service providers, they have secured long-term large orders, with some companies' stock prices soaring over 17% in a single day. Mining companies, leveraging their advantages of stable large-scale power supply and rapid transformation, have become a new force in AI computing power services, and the transformation has become an industry consensus #加密市场观察

“Bullish Flag of the Crypto Circle” Tom Lee made a significant statement, clarifying that the traditional four-year bull and bear cycle of Bitcoin $BTC has become ineffective, and a new long cycle is forming. He firmly predicts that Bitcoin will reach a historical high early next year, and this judgment will be evident within a few weeks. He is even more bullish about Bitcoin's price reaching $300,000 by the end of 2026.

His confidence stems from the continuous entry of institutions, macro liquidity easing, and the strengthening of Bitcoin's “digital gold” attribute. He also mentioned that Ethereum $ETH will experience explosive growth during the same period, and his company BitMine has been accelerating its accumulation of ETH recently. Although he warned that Bitcoin may still experience 50% volatility, the dual support of increased institutional holdings and policy compliance has drawn significant market attention #加密市场观察 .

🚨Epic movement! Satoshi Nakamoto era whale awakens after 15 years, spending $3.1 billion to buy 33,000 bitcoins $BTC !

This early giant whale, which has been silent since 2010, has recently increased its holdings across multiple wallets, creating the most shocking 'comeback' operation in crypto market history. It's important to note that in 2010, bitcoin was still in its infancy, and this address has witnessed the rise of crypto assets from a few cents to nearly $100,000. This reactivation of buying after 15 years is interpreted by the market as a strong bullish signal.

Additionally, 🚨Tom Lee's BitMine takes action again! Spending $91.96 million to bottom-feed 30,278 coins $ETH , continuing its strategy of locking in 5% of Ethereum's circulating supply with the '5% alchemy' approach. This is not a one-time scattered operation, but a continuation of the company's recent intensive accumulation actions #加密市场观察 .

Recently, BlackRock CEO Larry Fink made a significant turnaround at The New York Times DealBook Summit, admitting that his earlier view of Bitcoin $BTC as a "money laundering demand indicator" was a serious misjudgment. He stated that Bitcoin is now a "fear asset" that hedges against financial uncertainty, geopolitical risks, and currency devaluation, and has become an "investment portfolio insurance" comparable to gold.

This change in stance has long been accompanied by business developments, with its iShares Bitcoin Trust being the world's top Bitcoin ETF, holding 775,703 Bitcoins as of December 2. Even though Bitcoin recently fell from $126,000 to $92,000, Fink and Coinbase CEO Brian Armstrong remain optimistic, believing that the industry will not experience another "zero panic."

With the U.S. SEC approving spot ETFs and stablecoin legislation being enacted, crypto assets are moving out of the gray area. This shift in attitude from the giants undoubtedly adds crucial support for the integration of crypto assets into mainstream finance #加密市场观察 .

The UK "Digital Assets (Property etc.) Bill" has received royal assent and officially comes into effect, clearly classifying cryptocurrencies, stablecoins, NFTs, and other digital assets as "third category personal property," separating them from traditional physical and debt property classifications, and providing complete legal protection.

This landmark legislation provides a clear legal basis for the recognition of ownership of digital assets, recovery of stolen assets, bankruptcy liquidation, and inheritance, ending the previous legal gray areas.

As a judicial system managing £34 billion in legal services and overseeing 40% of global corporate arbitration, the UK’s move not only strengthens investor protection but also attracts institutional investment, accelerating the integration of digital assets into mainstream finance, which is undoubtedly a positive development for the cryptocurrency sector #加密市场观察 $BTC $ETH

🚨Breaking! Tom Lee's BitMine has invested $91.96 million to acquire 30,278 units of $ETH , continuing its strategy of becoming the 'MicroStrategy of Ethereum'! As the largest publicly listed company holding ETH globally, BitMine's total holdings have now exceeded 2.65 million units, with a market value reaching $11 billion.

Recently, institutional funds have been continuously flowing into the ETH market, with BlackRock and other ETFs holding over 3 million units. Whale addresses are also increasing their holdings, combined with the robust development of the network ecosystem, savvy capital is accelerating its deployment. This wave of large purchases not only confirms the long-term value of Ethereum but also highlights the growing confidence of institutions in crypto assets, injecting strong momentum into the market! #ETH巨鲸增持

The world's second-largest asset management company Vanguard has officially announced that starting tomorrow, it will open trading for spot ETFs including Bitcoin $BTC , Ethereum $ETH , Solana, XRP, and more, completely ending years of anti-crypto stance and igniting industry attention.

As a giant with assets under management reaching 10 trillion dollars and over 50 million clients, its entry does not involve launching proprietary crypto products, but rather supports the trading of mainstream crypto ETFs that comply with regulatory standards, while excluding high-risk meme coin related products, balancing compliance and stability.

This shift not only provides a compliant investment channel for a vast number of investors but also marks a significant milestone in the integration of crypto assets into the mainstream financial system, becoming an important milestone in the institutionalization of the US crypto market, which is definitely a positive for #加密市场观察 .

Despite the continuous decline of Bitcoin $BTC today, according to data, the net purchase of Bitcoin by global non-mining listed companies reached 21.86 million USD last week.

Among them, MicroStrategy invested 12 million USD to increase its holdings by 130 Bitcoins at 89,959 USD per coin, bringing its total holdings to 650,000 Bitcoins. In addition, France's Capital B, Hong Kong's Prenetics, and the food content company DayDayCook have all completed increases in holdings.

Currently, the total holdings of Bitcoin by global non-mining listed companies is 893,890 coins, with a market value of approximately 76.91 billion USD, accounting for 4.48% of Bitcoin's circulating market value.

Matt Savarese, the Head of Digital Asset Strategy at Nasdaq, has clearly prioritized the SEC approval of the tokenized stock plan as a primary task, accelerating the progress while currently focusing on assessing public feedback. The core idea is not to disrupt the existing securities system, but to promote the integration of tokenization into the mainstream financial market under the SEC regulatory framework, centered on investors.

Previously, Nasdaq submitted a rule change proposal to the SEC, intending to support the trading of tokenized stocks and ETFs on the main board. If approved, it will become one of the first mainstream platforms in the United States to legally enable the concurrent trading of on-chain securities and traditional stocks. The plan is designed to balance innovation and risk management through a unified order book and reliance on existing clearing infrastructure, potentially opening new scenarios for the integration of traditional securities and blockchain technology, which is definitely beneficial for the cryptocurrency industry #加密市场观察 .

The expectation of the Federal Reserve's interest rate cut has sparked a rebound in Bitcoin $BTC , with its price recovering to the average cost line of $89,600 ETF, rising above $90,000, ending a four-week decline trend.

This rebound not only restarts the inflow of institutional funds but also confirms the supporting logic of Cathie Wood's long-term optimistic expectations. The $1.5 million target she proposed is based on modeling the accumulation of capital from six major sources, including institutional investment.

This highlights Bitcoin's potential as a hedging asset, but it is also necessary to note that its trend is still influenced by both macro policies and market fluctuations #加密市场观察 .

Stablecoin crypto companies are actually crazy about buying gold #加密市场观察

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MicroStrategy founder Michael Saylor officially announced the destruction of his 17,000 Bitcoin private key $BTC . Destroying the private key means that the coins are permanently locked and completely removed from circulation, directly helping to deflate Bitcoin.

This is a rare instance of someone actively destroying private keys for Bitcoin since Satoshi Nakamoto, a bold move that directly reduces market supply, with sincere intentions to raise it to #比特币波动性 .

Today, Bitcoin $BTC rebounded to the $88,000 line, continuing to fluctuate in the $85,000–$89,000 range this week, with the total crypto market cap recovering to $3.07 trillion. Ethereum $ETH remains stable around $2,900, while Solana $SOL has risen nearly 6% to $136, supported by continuous inflows into ETFs.

ETF data shows a divergent trend, with Bitcoin ETFs experiencing a net outflow of $151 million in a single day, continuing the risk contraction; Ethereum ETFs saw a net inflow of $97 million, and Solana ETFs had a net inflow of $58 million, maintaining a 20-day streak of net inflows, attracting funds against the trend.

Market sentiment remains cautious, with a net outflow of $1.9 billion from global crypto ETPs over the past week, marking the third worst weekly performance since 2018. Institutional views suggest that Bitcoin is a primary de-risking tool, while ETH and SOL are targets for long-term capital rotation.

Additionally, according to reports, BlackRock's IBIT address has just deposited 4,471 Bitcoins into Coinbase Prime. Will they sell Bitcoin after the market opens? #加密市场观察

Wall Street recently reduced its holdings of MicroStrategy (MSTR) stock by approximately $540 million. By Q3 2025, the institutional holding value of the stock decreased by 14.8%, with top funds such as Capital International and BlackRock also reducing their positions.

The main reason for the reduction is the popularity of the $BTC Bitcoin spot ETF, leading institutions to shift towards direct investments in Bitcoin, which has weakened the proxy value of MSTR's Bitcoin. However, it still holds over $30 billion in institutional market exposure and may take on a more strategic role in hedging and leverage tools in the future #比特币波动性 .