December 27, 2015 | A summary of the most noteworthy crypto news from the past 24 hours!

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1⃣ BTC, ETH , and SOL continued to fluctuate sharply, while US stock indices declined slightly. Crypto-related stocks generally also went down. The community jokingly commented: "We should have handled this calmly and gently, but instead we panicked and stumbled repeatedly."

2⃣ The "shocking" Short squeeze in gold and silver is XEM unprecedented in history. The last time precious metals surged so sharply was in 2011. The reasons could stem from: the USD crisis, global monetary easing, increased industrial demand, and especially the " Short squeeze" phenomenon. Notably, government-led buying is the main driving force .

3⃣ A week ago , Arthur Hayes announced that he had moved his portfolio from ETH to DeFi , withdrawing a total of $2.52 million . The withdrawals included: Pendle ($1.232 million USDT), LDO ($1.03 million USDT), and ENA ($257,000 USDT).

4⃣ Legendary trader Eugene posted yesterday that he is holding Longing positions in BTC and several small- Capital altcoins. Meanwhile, Aoying Chia that he lost 1.12 million USDT in just over a month due to repeated stop-loss triggers while trading using a "breakout" strategy.

5⃣ Market Perspective: BTC is currently "stuck" in a "doorway" volatility pattern — going up then being pulled down, going down then bouncing back up — due to high volatility risk in low liquidation conditions. Without clear positive factors, false breakouts or false drops will occur frequently .

6⃣ Memecoin is nearing its lowest point in 2025 , with its market Capital evaporating by 65% ​​in just one year . Note: Memecoin has long been considered a "thermometer" for measuring the risk tolerance of retail investors .

7⃣ The US dollar weakened , while the Chinese yuan (RMB) strengthened . Offshore rates continued to fall, currently around 7.03 . On Binance's OTC market, the rate once reached 6.89 , equivalent to a negative premium of about 1.9% . Some accounts with large trading volumes even quoted rates below 6.8 .

8⃣ Matrixport Research believes that the market generally remains in a state of low volatility and trading within a narrow range . After the Lunar New Year, the market may gradually shift from a phase where "downward risks outweigh upward risks" to a phase where "downward momentum has been limited, but upward momentum still needs a catalyst" .

9⃣ The price of BTC on Coinbase is currently about 0.084% lower than on other exchanges. Notably, this negative premium has lasted for 10 consecutive days . The market is watching to XEM when this difference will reverse .

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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