Recently, Bitcoin has been in a negative premium state in the US market for 10 consecutive days, with prices below the global average, reflecting increased selling pressure and decreased investor risk appetite. This phenomenon indicates that the market sentiment in the US warrants attention.

The recently launched automatic withdrawal and batch withdrawal features by Gate have significantly improved fund management efficiency. Automatic withdrawal allows for the setting of rules to achieve automated operations, while batch withdrawal facilitates bulk transfers for enterprises, enhancing daily operational efficiency. This development reflects the trend of encryption payment tools evolving towards intelligence and large-scale operations, with the importance of infrastructure becoming even more prominent in the future.

[Coin World] Today the market is calm, but a few coins are still making some small moves.
In terms of price increase, IMX is the leader, reported at $0.234, up 4.49%; AEVO follows closely, rising 4.05% at the price of $0.0372; ALGO steadily climbs, currently priced at $0.114, with a daily increase of 3.92%; THETA also keeps up, at $0.279, with an increase of 3.82%; STRK wraps it up, at $0.0796, with a daily increase of 3.51%.
In terms of decline, CORE led the drop at $0.116, down 0.93%; NEAR is also under some pressure, dropping 0.87% around $1.476; ZRX, XRP, and CFX are all experiencing slight corrections, down 0.85%, 0.58%, and 0.44% respectively. Overall, market sentiment remains relatively stable, with no significant fluctuations.

The U.S. SEC has filed a lawsuit against a cross-platform fraud case involving three fake encryption trading platforms and four investment institutions, illegally raising at least $14 million. Investors were lured into opening accounts on the fake platforms, ultimately ending up with nothing. The SEC urges investors to remain vigilant and verify platform information.

Recently, there has been a phenomenon of big players increasing their positions in the Hyperliquid market when prices fall, with single purchases exceeding 21.5 million dollars, indicating bullish signals in the market. Although HYPE is still under pressure from the falling wedge, the RSI indicator is oversold, and experienced traders are bullish, increasing the probability of a rebound, suggesting that there may be strength building up for a rise in the future.

[Block Rhythm] On December 23, on-chain monitoring data shows that a well-known early Bitcoin player Whale account is still holding a losing position, currently maintaining long positions worth $716 million, spanning across BTC, ETH, and SOL three mainstream tokens, but the overall unrealized losses have expanded to $55 million.
Specifically, this Whale has the heaviest bet on ETH, with long positions reaching $592 million, opening at a price of $3,147.39, and currently accumulating unrealized losses of $46.36 million. In terms of Bitcoin, the $87 million long position was opened at $91,506.7, currently with unrealized losses of $4.45 million. Additionally, there is a $37 million SOL position, opened at $135.2, with losses of $3.73 million.
From the data, it is clear that this Whale is under the most pressure on Ethereum, yet still chooses not to cut losses, but instead holds on.

[Block Rhythm] Market Trend Bulletin: Bitcoin fell below the $87,000 mark on December 23, with a 24-hour decline of 3.6%. Recent market fluctuations have been quite significant, and investors need to closely follow the subsequent trends. Whether this adjustment will continue to deepen or is a prelude to a rebound remains a matter of differing opinions in the market. For holders, effective risk management remains the top priority.

[Block Rhythm] Recently, there has been an interesting trend. Amplify has launched two new ETF products, opening up several new opportunities for investors. One is called the stablecoin technology ETF (code STBQ), and the other is the tokenization technology ETF (code TKNQ), both of which are already listed for trading on the NYSE Arca.
Let's first talk about STBQ. It tracks the MarketVector stablecoin technology index, which contains 24 types of assets, primarily giving you exposure to spot investments in XRP, SOL, ETH, and LINK. This portfolio is actually laying out the infrastructure of the stablecoin ecosystem—these coins are all supporting the technology and applications of stablecoins.
TKNQ is a bit more innovative. It focuses on the digitization of physical assets and tracks the MarketVector tokenization technology index, which includes 53 types of assets. The logic behind this is to put traditional assets on the blockchain and financial products into

[比推] The US dollar has weakened against the Swiss franc again. The USD/CHF has continued to decline over the past two days, reaching a three-month low, with a daily fall of 0.57%, currently priced at 0.7873.
From a macro perspective, a weakening US dollar often indicates an increase in risk appetite—at this time, the crypto market usually reacts. The Swiss franc, as a traditional safe-haven currency, shows that the decline of the dollar against it indicates a calming of market anxiety, with more funds willing to take on risk. For bullish traders, this could be a good signal.

The latest data from 【币界】 shows that the Royal Bank of Canada has recently completed a significant investment—buying 13,700 shares of the Bitcoin strategy holdings company MicroStrategy for $233 million.
This transaction has released a lot of signals. The involvement of traditional financial giants indicates that institutions are becoming more optimistic about the asset allocation related to Bitcoin. MicroStrategy, as one of the publicly traded companies with the largest Bitcoin holdings, is closely watched in every move it makes. The Royal Bank of Canada, as one of the leading financial institutions in North America, often has its investment decisions viewed as a market barometer.
This also reflects that an increasing number of traditional financial institutions are re-evaluating the asset allocation value of Bitcoin. From the perspective of investment scale, a single investment of $233 million is not small, enough to demonstrate the determination of these institutions. With the increase in institutional participation, Bitcoin-related listed companies have also attracted more attention from investors.

Trump Media Company recently purchased 451 Bitcoins, with a transaction amount of approximately 40 million dollars. This reflects the increasing involvement of traditional enterprises in encryption assets, which has significant effects on market recognition and the investment ecosystem.

Analysis indicates that Bitcoin is facing the strongest selling pressure in three years. Although the market is nearing the bottom, the short-term risk of going long is extremely high. Despite the rising holder retention rate, the market is overheated, and investors should treat the rebound with caution, prioritizing dumping.

【比推】The sentiment in the crypto market has shown a subtle change. According to Coinglass's Fear and Greed Index, the current value stands at 25, which has risen by 1 point compared to the previous day. Although the increase is not significant, it reflects a slight warming of the mindset among market participants. Looking at a longer time frame, the average value over the past week was only 18, while the average level over the past 30 days was at 21. This indicates that the market sentiment is indeed gradually recovering in the short term, slowly climbing up from the area of extreme fear. However, overall, the value of 25 is still at a relatively low level, and the market has not yet emerged from the extreme pessimism of the bottom.

[Block Rhythm] Silver has performed unexpectedly this year. On December 23, Spot silver just broke through the $70/ounce mark, with an annual rise of 142%. This rate of increase is indeed astonishing - from the beginning of the year until now, silver has almost doubled.
It is important to know that such a large rise in traditional precious metals is rare. What is driving this? The depreciation of the dollar, global liquidity, and the demand for hedging against geopolitical risks—these factors combined have turned silver from a safe-haven asset into the fastest-growing commodity. For those concerned with macroeconomics and asset allocation, this market trend is worth paying attention to.

Recently, the social platform complaints about XRP have surged, exceeding historical averages. On the surface, this seems pessimistic, but historical data indicates that such widespread negativity may actually signal a price reversal, as the market's bearish sentiment may have peaked. When retail investors lose confidence, it often breeds a rise in prices.

Recently, three Large Investors have been frequently investing in HYPE, with a total investment of 27.03 million USD. One Wallet purchased 427,441 HYPE within two months, while another bought 398,830 HYPE in just five days, indicating the market's divergent views on the project. The investment actions of the Large Investors reflect their judgment on the fundamentals of the coin, conveying market signals.

Google's parent company Alphabet has made an acquisition of Intersect Power, a clean energy developer, for $4.75 billion, marking the first direct investment in renewable energy by a major tech company. This move aims to ensure that AI data centers have access to ample and inexpensive power supply, reflecting the importance of energy costs in technological competition. Intersect will operate independently, demonstrating Alphabet's commitment to long-term planning.

[Bi推] According to on-chain data tracking, the well-known large investor Maji has made significant adjustments to their holdings in the past 3 hours. They have reduced their ETH long order by 600, bringing their holdings down to 6426, which approximately translates to a position size of 19.42 million USD at the current price level. From a profit perspective, this portion of holdings currently has unrealized gains of 267,000 USD, but the liquidation price is set at the key level of 2850 USD.
In addition to ETH holdings, this large investor has a considerable allocation in HYPE tokens—holding 60,000 HYPE long orders, currently valued at approximately $1.5 million. This multi-asset allocation strategy reflects their consideration of risk diversification across different sectors.

Trump may appoint a new Fed chairman in the first week of January next year, which will affect the dollar's monetary policy and directly impact the crypto market, such as the price movement of BTC and ETH. Investors need to follow the policy direction of the new chairman.