GT Radar Weekly Report 1/8: The U.S. ISM service industry index was announced, delaying interest rate cut expectations, and the market fell across the board.

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Here is the English translation of the text, with the specified terms translated as instructed: The latest data from the Institute for Supply Management (ISM) Services Index shows that the index soared to 54.1, reaching a near two-year high and exceeding the market expectation of 53.5. Meanwhile, the Prices Paid Index rose sharply from 58.2 to 64.4, indicating further cost pressures. The Employment Index, however, declined to 51.4, lower than the previous value, reflecting that while the service industry is experiencing robust growth, it still faces challenges in employment and cost. This data suggests that inflationary pressures may rise again, prompting the Federal Reserve to maintain higher vigilance in monetary policy. With the market pushing back the first rate cut expectation to June or July 2025, not only is the possibility of a rate cut in January excluded, but the March meeting is also seen as unlikely. This change has led to a gloomy market sentiment, with all major indices declining. BTC and Altcoins have faced significant declines so far, with BTC falling back to $96,000 and ETH to $3,300 levels. The MEME tokens, such as PNUT, WIF, and NEIRO, which were previously highly sought after, have also plunged to the lows seen in the December crash. With about two weeks left before Trump's inauguration, and ongoing discussions on cryptocurrency-related legislation, it is unlikely that the overall trend will change significantly before then. The upward medium-to-long-term trend that was seen last week has been disrupted by the sharp decline following the data release, leading to short-term volatility. Currently, the support for Bitcoin is around $92,000, with resistance at $102,000. During this period, the GTRadar portfolio will reduce leverage and refocus on Coinbase 50 or US politics-related coins. The recently popular AI Agent sector is too new, and most of the coins are traded on-chain, so they cannot be included in the portfolio selection. However, some AI-related coins will still be added to the portfolio.

  1. RWA (On-Chain Tokenization of Real Assets): With the prospect of clearer regulation under the Trump administration, this is undoubtedly positive news for the RWA sector, which is heavily dependent on regulation.
  2. DeFi (Decentralized Finance): As long as the bull market continues, some DeFi protocols that have already evolved into infrastructure will continue to thrive.
  3. DeSci (Decentralized Science) and Depin: Exploring future technology-driven innovation scenarios.
  4. Coinbase 50 and other projects selected by renowned institutions: For example, assets supported by the SEC and BlackRock.

Binance Copy Trading Analysis

GTRadar - BULL

GTRadar - Balanced

GTRadar - Potential Public Chain OKX

  • The 7-day returns of 'GTRadar - BULL', 'GTRadar - Balanced' and 'GTRadar - Potential Public Chain OKX' are -5.48%, -4.55% and -6.28% respectively, and the 30-day returns are -16.21%, -6.32% and -6.62% respectively.
  • Currently, 'GTRadar - BULL' holds a net long position of 30%, mainly in BTC and ETH.
  • Currently, 'GTRadar - Balanced' holds a net long position of about 10%, mainly in BTC and BNB.
  • Currently, 'GTRadar - Potential Public Chain' holds a net long position of about 30%, mainly in ETH.
  • Copy traders who frequently change their investment portfolios tend to have lower long-term returns than those who consistently follow a single portfolio. Do not easily terminate copy trading due to short-term drawdowns, as drawdowns can actually be a good time to start copy trading, and frequent in-and-out trading can significantly reduce returns.

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Bitcoin Exchange Inflows and Miner Outflows Decline Significantly, Suggesting Selling Pressure Easing

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Staked Ethereum Continues to Decline, Lido's Dominance Challenged

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Metaplanet Plans to Increase Bitcoin Holdings to 10,000 BTC This Year

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BitMEX Founder Arthur Hayes Believes Trump Policies Unlikely to Materialize, Warns Bitcoin May Peak "At This Juncture"

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Bitfinex Report: Bitcoin Sell-Side Liquidity Drying Up, Potential for Further Upside in the Medium Term

In a report released on Monday, the cryptocurrency exchange Bitfinex stated that although Bitcoin may still experience a deeper correction in the first quarter of 2025, the broader supply tightening and miners' bullish sentiment indicate that Bitcoin still has the potential for further upside in the medium term.

US CFTC Chair Rostin Behnam to Step Down on Trump's Inauguration Day

Rostin Behnam, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), told the Financial Times that he will step down on January 20, the day of the inauguration of U.S. President-elect Donald Trump. In addition, Rostin Behnam expressed concern that regulation of digital assets (including Bitcoin and other cryptocurrencies) is still not adequate enough.

Strong U.S. economic data leads to $300M of crypto liquidations, as Bitcoin dips below $98K

The U.S. Bureau of Labor Statistics reported that the November JOLTS job openings unexpectedly increased from the previous month's 780,000 to 810,000, while the December ISM Services Index surged to 54.1, higher than the expected 53.5. These two reports shook the already tense bond market, causing the 10-year U.S. Treasury yield to rise another 5 basis points to 4.68%, leading to a decline in the U.S. stock market and cryptocurrency assets.

The above content does not constitute any financial investment advice, all data is from the official announcement of GT Radar, and each user may have slight differences due to different entry and exit prices, and past performance does not represent future performance!

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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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