The market is now in FULL risk-on mode and most people aren’t seeing it because Bitcoin isn’t moving!
1. Silver is at all-time highs. It is on a breakout and climbing with acceleration. Silver is the Beta gold and indicates Risk-On!
2. ETH/BTC is breaking out. It’s above it 50W SMA and it’s climbing. ETH represents risk on in crypto!
3. The RUSSEL2000 represents risk on in the stock markets and it’s also broken out.
4. The money printer just got turned on!  The FED literally pivoted into QE away earlier than expected .
Soon the sellers in BTC will dry up and the big catch up trade will begin.
All the data points in one direction!

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According to ME News, on December 28th (UTC+8), Coinbob's hot address monitoring showed that the "alt short seller" transferred $2 million to Hyperliquid yesterday and then established a short position in ZEC around $446. The current position size is approximately $1.32 million, with an average price of $479, and the address is still adding to its position as of press time. This address had already liquidated its positions in MON, ZEC, and Trump before Christmas this week, and significantly closed out its short positions in ASTER, UNI, PUMP, and other cryptocurrencies...

The "fake short seller" returned to the short after the holiday to add to short positions, profiting from previously closed short positions in UNI, ZEC, etc. at low points.

Coinbase Institutional says shifting market structure, not hype cycles, will shape crypto trading and adoption in 2026 as activity concentrates in a few key areas.

Coinbase says three areas will dominate the crypto market in 2026

Author | Messari
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: While Bitcoin has repeatedly "hit the wall" and its price has continued to fluctuate between $80,000 and $90,000, market attention is likely still largely focused on Bitcoin itself. However, ZEC, a representative asset in the privacy sector, has once again broken through the $500 mark, currently trading at $518, representing a nearly 40% increase from its recent low. Even more intriguing is...