1. Market Observation
Keywords: ETH, BTC, MiCA
As the year-end approaches, the market is full of expectations and divergences about Bitcoin's performance in the next few years. MicroStrategy co-founder Michael Saylor revealed that the company holds 444,000 Bitcoins, worth about $41.4 billion, and hinted at further purchase plans. El Salvador continues to increase its holdings, with its Bitcoin reserves now exceeding 6,000 coins, worth $569 million. However, Bitcoin has difficulty maintaining the $10,000 support level, and the sideways fluctuation has increased market uncertainty.
Crypto strategists predict that the Bitcoin bull market may end in a high-profile manner. Blockware Solutions estimates that by 2025, Bitcoin could rise to $150,000 to $400,000, driven by Federal Reserve policy, corporate adoption, and former President Trump's strategic Bitcoin reserve plan. NBA legend Scottie Pippen is even more bold, pointing to $1 million as the next key target price for Bitcoin. However, the market is not entirely optimistic. Some analysts warn that Bitcoin may see a short-term correction, even falling to $76,000. In addition, Bill Gates continues to be skeptical about Bitcoin, criticizing its lack of productivity and seeing it as a risky asset class. Whether the United States will include Bitcoin in its financial reserves remains controversial, and the balance between the US dollar's hegemony and the opportunities of cryptocurrencies remains to be observed.
In the Ethereum market, futures data shows that selling pressure has eased, and signs of recovery are emerging. At the same time, after Ethereum transferred 200,000 ETH to Kraken, some dormant crypto wallets have become active again, suggesting that the crypto market is nurturing hope amid volatility. The crypto world is still full of unknowns, but it also portends the arrival of the next transformative moment.
2. Key Data (as of 09:05 HKT on December 30)
- S&P 500: 5,970.84 (+25.18% YTD)
- Nasdaq: 19,722.03 (+31.38% YTD)
- 10-year US Treasury Yield: 4.626% (+74.51 bps YTD)
- US Dollar Index: 108.00 (+6.86% YTD)
- Bitcoin: $34,900.96 (+120.99% YTD), Daily Spot Trading Volume: $30.27 billion
- Ethereum: $3,380.99 (+48.19% YTD), Daily Spot Trading Volume: $13.93 billion
3. ETF Flows (December 27 EST)
Bitcoin ETF: -$297.75 million
Ethereum ETF: +$47.77 million
4. Important Dates (Hong Kong Time)
ISM Manufacturing PMI (January 3 at 11:00 PM)
Actual: To be announced / Previous: 48.4% / Expected: 48.3%
5. Hot News
Hamster Kombat to Build L2 Blockchain on TON Chain
FLock Announces Token Economics and Airdrop Plan: 66.7% Allocated to Community and Ecosystem
German FDP Chairman Calls for Including Cryptocurrencies Like Bitcoin in Central Bank Reserves
Tether CEO Retweets Posts Saying USDT Will Not Be Deemed Illegal in Europe on December 30
Modular Blockchain Sophon Completes Mining Migration and Opens Mainnet Mining
El Salvador's Bitcoin Reserves Reach 6,000 Coins, Worth About $569 Million
a16z Initiates Proposal to Upgrade Token Economics Model, Suggesting the Launch of a Launchpad
Michael Saylor: 60 Companies Hold Over 590,000 BTC
Galaxy Research Annual Forecast: BTC to Surpass $150,000 in the First Half, ETH to Exceed $5,500
Supported by OSL - Hong Kong's largest over-the-counter trading platform, providing regulated digital asset services to the market since 2018.
