OSL Trading Time: Bitcoin breaks through $100,000, and China Asset Management’s Bitcoin ETF daily trading volume hits a record high

1. Market Observation

Keywords: BTC, XRP, ETH

The Bitcoin market has set a new high again. Fundstrat analyst Tom Lee said that the milestone event of breaking through the $100,000 mark has dominated the recent trend of the cryptocurrency market, and is in sync with the optimistic outlook of the S&P 500 index. After reaching a high of $103,647, the price of Bitcoin plummeted to around $90,000 and then rebounded to around $98,000, prompting many traders to deploy hedging strategies, and also raising concerns from some experts about market bubbles. The market heat continues to rise, with the daily trading volume of the Bitcoin ETF under the Hua Xia Fund exceeding HK$3.7 billion, a record high since its listing. Institutional investment enthusiasm remains high, with Semler Scientific investing $29.3 million to increase its Bitcoin holdings.

As the first country in the world to adopt Bitcoin as legal tender, El Salvador's investment strategy is reaping bountiful returns. Its Bitcoin holdings have risen in value to $603 million, with a staggering 124% return. This successful case has not only won the praise of Tesla CEO Elon Musk, but has also driven the strong performance of the country's sovereign bonds, making them one of the best performing bonds in emerging markets.

The corporate world's enthusiasm for cryptocurrencies is also on the rise. With Bitcoin breaking through the $100,000 mark, the stock price of cryptocurrency giant MicroStrategy immediately rose 8%. Manufacturer Worksport has also joined the layout, announcing that it will allocate 10% of its operating cash to Bitcoin and XRP, directly driving its stock price up 9%.

In terms of market outlook, ARK Investment CEO Cathie Wood remains optimistic, believing that even though Bitcoin's market capitalization has reached $2 trillion, it is still in the early stages of growth. Ethereum, although it set a new monthly trading volume record of $183.74 billion in November, still needs to overcome significant resistance to break through the $4,000 mark. It is worth mentioning that former President Trump, through his social media platform Truth Social, stated that Bitcoin's latest breakthrough is closely related to his personal influence.

2. Key Data (as of 09:49 HKT on December 6)

• S&P 500: 6,075.11 points (up 27.37% YTD)

• Nasdaq: 19,700.72 points (up 31.24% YTD)

• 10-year US Treasury yield: 4.222% (up 30.31 bps YTD)

• US Dollar Index: 105.898 (up 4.57% YTD)

• Bitcoin: $98,481.93 (up 133.01% YTD), with a daily spot trading volume of $155.61 billion

• Ethereum: $3,879.62 (up 70.05% YTD), with a daily spot trading volume of $60.9 billion

3. ETF Flows (December 5 EST)

• Bitcoin ETF: -$3.8 million

• Ethereum ETF: +$135.8 million

4. Important Dates (Hong Kong Time)

ISM Manufacturing PMI (11:00 pm on December 2)

• Actual: 48.4 / Previous: 46.5 / Expected: 47.5

JOLTS Job Openings (11:00 pm on December 3)

• Actual: 7.744 million / Previous: 7.372 million / Expected: 7.49 million

ISM Services PMI (11:00 pm on December 4)

• Actual: 52.1 / Previous: 56 / Expected: 55.5

Non-farm Payrolls (9:30 am on December 6)

• Actual: To be announced / Previous: 12,000 / Expected: 183,000

Unemployment Rate (9:30 am on December 6)

• Actual: To be announced / Previous: 4.1% / Expected: 4.1%

5. Hot News

• Pudgy Penguins to Issue $PENGU Token in 2024, with 25.9% Allocation to Pudgy Community

• Data: UK Government Currently Holds Nearly $6 Billion in BTC

• Grayscale DeFi Fund Latest Holdings: UNI Accounts for Over 58%, AAVE Ranks Second at 18.65%

• aelf's First Halving to Take Place on December 12, Block Reward to Decrease to 0.0625 ELF

• Fundstrat Research Head: Bitcoin Breaking $100,000 Is a Signal for the Stock Market to Rise at the End of the Year

• Trump Nominates David O. Sacks as White House Crypto and AI Czar,ZRX Surges 22% to $0.8159 in the Short Term

• Florida Plans to Build a Bitcoin Strategic Reserve by 2025, Potentially Investing Over $3 Billion

• Bitcoin Briefly Dipped to Around $90,000 This Morning, Now Rebounding to $97,000

• Trump Posts to Celebrate Bitcoin Breaking $100,000

• In the Past 24 Hours, $1.096 Billion in Positions Were Liquidated Across the Network, with $817 Million in Long Positions Liquidated

• Coinbase International to List Perpetual Futures Contracts for Moo Deng, Algorand, The Sandbox, and Mog Coin

• The Financial Times Apologizes to Readers for Its Negative Coverage of Cryptocurrencies Over the Past 14 Years

• US-Listed Company Semler Scientific Spends $29.3 Million to Increase Its Bitcoin Holdings by 303 BTC

• US-Listed Company Worksport Announces It Will Purchase Bitcoin and XRP as Reserve Assets

• Standard Chartered: Bitcoin May Reach $200,000 by the End of 2025

• a16z Releases Top 10 Crypto Trends for 2025: Including AI Wallets, DACs, Stablecoin Payments, etc.

• 10x Research: ETH Is Testing the Upper Boundary of a Triangle, and May Challenge the All-Time High After Breaking Through

• Data: The Bitcoin ETF of Hua Xia Fund Recorded a Daily Trading Volume of Over HK$3.7 Billion, a Record High Since Listing

Supported by OSL - Hong Kong's largest over-the-counter trading platform, providing regulated digital asset services to the market since 2018.