✏️ 12/29 Daily Briefing (by Coin Boy) Bitcoin is still moving sideways without any significant rebound. Let's take a look at the market. 1. Market Status: Thorough 'Decoupling' - Bitcoin (BTC): Trading at 88K-89K (as of 11:00 AM) - Bitcoin fell 1.16% for the week, plummeting approximately 30% from its October high of $125,000. - Decoupling Intensifies: While traditional assets like the New York Stock Exchange (rising for five consecutive days) and gold and silver (rising over 70% year-on-year) are enjoying a 'Santa Rally', hitting new highs, virtual assets are showing a particularly weak performance. * TMI: Tether price falls to 1,450 won (based on Bithumb) 2. Three Current Negatives 1) Massive ETF Fund Outflow: Approximately $800 million (KRW 1.12 trillion) of net outflows from US spot ETFs during the Christmas week alone. 2) Weakening Investor Sentiment: The Fear and Greed Index is at 24 (extreme fear). Record-breaking investment sentiment freezes 3) Missing buyers: Long-term holders and institutions are continuing to sell to secure liquidity. First, investment sentiment has yet to recover, and weak buying continues. Of course, institutions are likely locking in profits or rebalancing their portfolios ahead of the year-end fiscal year-end closing, while long-term Bitcoin holders are either taking profits or liquidating their holdings in light of tax issues next year. While the short-term outlook is not particularly positive, it's still uncertain how the market will turn around, so it's wise to prepare your own response strategies for various scenarios. The FOMC minutes are scheduled to be released soon, and as this is an event that could create market volatility, I'll briefly review them again. While it may feel frustrating to be left out of the crypto space, I'm confident that a turn will come. While this may require patience, I'm also responding with the belief that a turn will come. I'll continue to research and share my insights on potential opportunities during this time. You have to keep an eye on the market to seize the opportunity...