Group chat summary 🌟 Market overview 1️⃣ Tom Lee's Contradictory Prediction - Background: Tom Lee believes the market will reach a new high in January 2026, and his analysts predict that BTC may fall to $60,000-$65,000 in the first half of 2026. - Opinions: Some group members believe that the shill is for the purpose of unloading shares, while others jokingly say that the prediction of new highs will be continuously delayed. 2️⃣ Crypto Market Weakness - Background: A member of the group shared a market overview, pointing out declining demand, net selling of ETFs, and a decrease in funding rates. - Viewpoint: Long-term holders have begun to sell in a weak market, and market sentiment is similar to that of early 2022, showing a slow decline in confidence and morale. 🌟Trading 1️⃣ DWF Labs' market-making style and DEXE listing - Background: DEXE was listed on the Bithumb exchange. A member of the group pointed out that it was market-making by DWF Labs and asked about the possibility of short at the opening. - Opinion: DWF Labs' style is "explosive price surges and crashes, strong market control," with price surges before the market opens and subsequent declines, and it is pointed out that the Korean Stock Exchange is a "good place to unload shares." 2️⃣ HYPE falls below the average cost price of the aid fund - Background: Group members pointed out that HYPE prices have fallen below the average purchase price of the aid fund for the first time in eight months. - Viewpoint: The fund purchased $878 million worth of HYPE at an average price of $23.56, and the current price is below this cost line. 3️⃣Lighter (LIT) TGE Expectations and Market Impact - Background: Group members shared their expectations for the Lighter Token Generation Event (TGE), mentioning that over-the-counter (OTC) buyers were pricing in the $3-4 billion range, and discussed the selling pressure from farmers. - Opinion: Prices may face downward pressure after TGE, as farmers' costs vary and some may choose to sell. Some believe that if the overall market is weak, people may sell LIT airdrops to buy the dips in mainstream cryptocurrencies like BTC and ETH. 🌟Airdrop 1️⃣ Airdrop Expectations and Current Status for XP-based Projects (such as Based) - Background: Group members discussed the airdrop mechanism based on XP (experience points) for projects like Based, and some people found that their XP was displaying abnormally in the application. - Opinion: There is still anticipation for the Based airdrop, but it is believed that the large number of trading farmers in the first quarter may complicate reward distribution. It was also mentioned that the project's focus has shifted to prediction markets and other features such as HyENA. 🌟Random Thoughts 1️⃣ Exchange News and Industry Events - Background: This discussion covers Bitfinex's announcement that it will reduce Maker/Taker fees for spot, margin, and OTC trading to 0%, and TikTok's new regulations prohibiting the distribution of illegal financial content that packages digital asset concepts. - Opinion: This draws a parallel between Bitfinex's fee waiver and Binance's 2023 fee waiver for BTC transactions. Regarding TikTok's new regulations, some group members believe this may affect C2C trading channels ("Looks like C2C is being blocked"). 2️⃣ New project valuation collapse and "on-chain meme" projects - Background: Group members listed the huge gap between the public sale valuations of several projects such as Play AI and Hana Network and their current FDV, questioning "Is this something a human could do?" - Opinion: This phenomenon has sparked widespread doubts among group members about the quality of recent new projects. They believe that the valuations of many projects collapsed rapidly after last month's TGE, and mentioned that some platforms specifically list such "problematic projects".

A great summary, and it's become part of my information feed.