The FGI index is locked at 24 pm 😱 Extreme fear mode is in full swing! The total market capitalization of crypto is $3.04 trillion, and $262 million was liquidated in 24 hours. The devastation is visible to the naked eye.
- Bull vs. Bear: Institutional Buying vs. Whale Selling 🔥 Bitmine aggressively buys: Last week, it bought a whopping 98,852 ETH, bringing its total holdings to 4.06 million ETH, worth $12.42 billion, representing 3.37% of the total ETH supply! 🐋 Whale double down on short: Whales that previously sold BTC have increased their leverage, opening 10x BTC, 15x ETH, and 20x SOL short positions, with total exposure soaring to $243 million!
- Market Alerts Rallying! ⚠️ Address Poisoning Disaster: Someone copied and forged wallet addresses, resulting in a loss of nearly $50 million USDT! Always verify complete addresses before making remittances! Malware Attack: The new Windows virus Stealka specifically steals encrypted wallets; spoofing software is spreading on GitHub and SourceForge! ETF Funds Flee: $462 million flowed out in three days, with BlackRock and Fidelity accounting for the majority; year-end risk aversion pressure is overwhelming!
- Key Data: Hidden Long-Term Logic vs. Short-Term Test 🚨 BTC Faces Largest Options Expiration in History: $23.6 Billion in Options Settlement This Friday, with bullish positions concentrated at $100,000-$120,000 and bearish positions pegged to $85,000! Long-Term Underlying Advantage: 95% of Bitcoin Has Been Mined, and 95% of the Global Population Doesn't Hold BTC; In the Digital Age, It's Hard for the Price to Remain Below $100,000 Forever! Altcoins Are Completely Flattened: The Monthly RSI Dominance Rate Has Plunged to an All-Time Low, a Terrible Situation!
Major cryptocurrencies are all bearish with clear support and resistance levels. $BTC ($87,409, -1.8%): Support 85,000-86,000, target 83,500; Resistance 88,300-89,000. $ETH ($2,961, -2.3%): Support 2,850-2,900, target 2,750-2,800; Resistance 2,986-3,000. $SOL: Support 122-119, target 115-118; Resistance 126-127.
Market Observation: Is BTC a Beach Ball or a Canary in the Coal Mine? We often tend to frame BTC in a binary narrative: either a suppressed beach ball, surging with increased liquidity; or a coal mine canary, warning of a global market crash. But BTC's core narrative has never been simply about ups and downs. It's undergoing a phase transition—thanks to the launch of ETFs and continuous institutional investment, it's gradually transforming from a "non-mainstream speculative asset" into a "mainstream asset allocation asset." During this transformation, price signals are inevitably temporarily distorted. No matter how drastic the short-term fluctuations, they cannot shake the long-term underlying logic. The market is still fiercely debating: should it be classified as a risk asset or a safe-haven asset? Once the consensus is truly established, the market direction will naturally become clear. As for today's decline, it's highly likely that funds were adjusting their positions in advance before the release of US GDP and inflation data.
(This is not investment advice, DYOR) #BTC #ETH #CryptoMarketWatch
