Wu says daily selection of encryption news - The preliminary annualized quarterly rate of the actual GDP in the United States for the third quarter recorded 4.3%, and the preliminary annualized quarterly rate of the core PCE price index was 2.9%.

1. The initial annualized quarterly GDP growth rate for the United States in the third quarter was recorded at 4.3%, and the initial annualized quarterly core PCE price index was 2.9%.

The preliminary annualized quarter-on-quarter GDP growth rate for the United States in the third quarter recorded 4.3%, significantly exceeding the expected 3.3% and the previous value of 3.8%. The core PCE price index preliminary annualized quarter-on-quarter rate is 2.9%, in line with market expectations and higher than the previous value of 2.6%. Additionally, the preliminary annualized quarter-on-quarter personal consumption expenditures recorded 3.5%, notably higher than the expected 2.7% and the previous value of 2.5%.

2.QCP: Holiday liquidity weakens, institutions deleverage at year-end, BTC may maintain volatility.

QCP analysis points out that the approaching Christmas holiday has led to weakened liquidity and institutions reducing leverage at the end of the year, while BTC remains in a range-bound fluctuation; the perpetual OI of BTC and ETH has decreased by about 3 billion and 2 billion dollars respectively, making the market more prone to fluctuations under low liquidity. This Friday's Boxing Day options expiration accounts for more than half of Deribit's total OI, which may bring about directional choice; the 85K Put has decreased, while the 100K Call still exists, indicating a cautious and slightly bullish sentiment. Year-end tax loss settlements may increase short-term volatility, but if there is no clear breakout, it is highly probable that fluctuations will continue throughout the year.

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3. VanEck: Bitcoin miners “surrendering” may signal the near approach of a price bottom.

VanEck's latest report indicates that Bitcoin miners “surrendering” may signal that a price bottom is near. Data shows that as of December 15, Bitcoin's hash rate dropped by 4% in one month, marking the largest decline since April 2024. VanEck points out that since 2014, when the hash rate declines over a 30-day period, there is a 65% probability that Bitcoin's price will rise over the following 90 days, and the probability increases to 77% over 180 days, with an average increase of about 72%, considered a “historically bullish” contrarian signal.

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4. Two Japanese employees carrying 1 billion yen went to a currency exchange shop in Sheung Wan to exchange for cryptocurrency and were robbed at knife point.

Last week, two employees from Japanese companies engaged in virtual currency and luxury goods business took a vehicle to a virtual currency exchange shop in Sheung Wan, planning to exchange 1 billion yen (approximately 50 million HKD) contained in four travel suitcases for virtual currency and HKD. However, they were robbed at knife point. The Hong Kong police revealed that 15 people have been arrested so far, among whom 7 have been charged with conspiracy to commit robbery. They are currently investigating the whereabouts of the funds, and the investigation is ongoing, with the possibility of more arrests.

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5. IMF: The Salvadoran government has agreed at the policy level to no longer actively increase its BTC holdings.

The International Monetary Fund (IMF) released a latest statement saying that it will continue negotiations regarding El Salvador's Bitcoin project and the sale of the government electronic wallet Chivo, and stated that related discussions “have made significant progress”. The IMF indicated that the El Salvador government has agreed at the policy level to no longer actively increase its BTC holdings and is moving towards exiting the Chivo wallet. However, the official Bitcoin office of El Salvador stated that it is still “purchasing 1 BTC daily” and claimed on December 22 that its holdings have increased to 7509 BTC. The IMF requires that El Salvador must fully comply by the end of 2025 at the latest.

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