OSL Trading Hours: BTC hits new highs again, most experts remain optimistic about the prospects of the crypto market

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OSL Trading Moment: BTC Hits New High, Most Experts Remain Optimistic About Crypto Market Outlook

1. Market Observation

Keywords: ETH, LINK, AAVE

According to Strike CEO Jack Mallers, if Trump is elected president, he plans to establish a strategic BTC reserve through an executive order on his first day in office. Influenced by this news and the fact that many well-known companies have included BTC in their financial allocations, the BTC price has risen all the way, reaching a historical high of $106,660. At the same time, MicroStrategy co-founder Michael Saylor hinted that he may make another major BTC acquisition, further boosting market sentiment.

Driven by this positive news, the glassnode co-founder predicts that Altcoins including ETH, LINK, AAVE and BGB may see a rebound during the holidays. The current price trend of Ethereum also brings positive signals for breaking through the $4,000 mark. However, the market has also seen some noteworthy developments: one of the world's largest cryptocurrency exchanges recently saw a BTC transfer of over $1 billion, and hedge funds have set new highs in their ETH short positions on the Chicago Mercantile Exchange (CME), indicating divergence in the market.

In the traditional finance sector, Societe Generale successfully completed a tokenized bond collateral market transaction on the Ethereum mainnet, highlighting the increasing acceptance of blockchain technology by traditional financial institutions. Real estate investment expert Grant Cardone even suggested combining real estate investment with BTC to pursue higher returns.

It is worth noting that the Ethena token ENA surged 23.08% in 24 hours. Although market indicators show some volatility risks, most experts remain optimistic about the outlook of the cryptocurrency market, generally expecting Ethereum to hit new highs by 2025.

2. Key Data (as of 09:20 HKT on December 16)

  • S&P 500: 6,051.09 (+26.86% YTD)

  • Nasdaq: 19,926.72 (+32.74% YTD)

  • 10-year US Treasury yield: 4.392% (+51.11 bps YTD)

  • US Dollar Index: 106.058 (+5.036% YTD)

  • Bitcoin: $105,369.63 (+149.31% YTD), daily spot trading volume of $58.23 billion

  • Ethereum: $4,001.98 (+75.41% YTD), daily spot trading volume of $27.97 billion

3. ETF Flows (December 13 EST)

  • Bitcoin ETF: +$428.9 million

  • Ethereum ETF: +$23.6 million

4. Important Dates (Hong Kong Time)

Retail Sales MoM (December 17 evening 09:30)

  • Actual: TBA / Prior: 0.4% / Expected: 0.5%

FOMC Rate Decision (December 19 early morning 03:00)

  • Actual: TBA / Prior: 4.75% / Expected: 4.5%

GDP QoQ Final (December 19 evening 09:30)

  • Actual: TBA / Prior: 3.00% / Expected: 2.80%

Core PCE Price Index MoM (December 20 evening 09:30)

  • Actual: TBA / Prior: 0.3% / Expected: 0.2%

Personal Income MoM (December 20 evening 09:30)

  • Actual: TBA / Prior: 0.6% / Expected: 0.4%

Personal Spending MoM (December 20 evening 09:30)

  • Actual: TBA / Prior: 0.4% / Expected: 0.5%

5. Hot News

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

Sector:
Halving Tokens
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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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