Lilidan1294

💻📱📸 Great news! 🚀 The Gate Square / Gate Post ambassador program is already up and running, and Gate is opening applications for content creators and crypto enthusiasts.
The program aims to foster an active and valuable Web3 community, as well as to support authors who are interested in creating quality content and developing their personal brand on the Gate platform.
🪙📈💡 The main advantages of participating in the program:
1. Participation in special tasks.
Ambassadors can participate in promotional activities, marketing campaigns, and content publication with rewards of up to 100 USD for completing tasks.
2. Support for audience growth.
Participants of the program are provided with traffic support, as well as user acquisition tools, including Red Packet.
3. Exclusive privileges and status.
Ambassadors receive VIP5 status with a gold badge, exclusive limited-edition branded merch, and enhanced visibility on the platform.
Opportunities for content creation.
4. No restrictions on publications
Participants can publish an unlimited number of materials, interact with the audience, and create text, photo, and video content.
5. Monthly recognition of the most active ambassadors.
Based on the quality and regularity of Gate content, honorary ambassadors are determined each month, who receive additional bonus points and extended VIP privileges.
Requirements for candidates and expectations.
6. Terms of Participation.
Users without violations of Gate Post rules who have basic knowledge in the field of blockchain and the crypto industry and experience in content creation can join the program.
7. Responsibilities of ambassadors.
Participants are expected to regularly create quality content, engage in community development, test new platform features, and support the brand image of Gate.
Submit an application to participate in the program:
[https://www.gate.com/questionnaire/4937](https://www.gate.com/questionnaire/4937)
Detailed information about the program:
[https://www.gate.com/announcements/article/38592](https://www.gate.com/announcements/article/38592)
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#加密市场观察
The demand in the Bitcoin market has significantly slowed down since 2025, with multiple indicators worsening, suggesting that the market may have entered a new bear market cycle.
By December 2025, the Federal Reserve had cut interest rates three times in a row, pulling the policy rate back from restrictive levels, but the market's reaction appeared unusually calm.
Core data reveals a market shift
The following are the key changes in the current market:
· Demand-driven force exhaustion
The three main spot demands in the current bull market cycle—approval of the US spot ETF, the 2024 US presidential election, and corporate financial asset allocation—have basically been fully released. The growth of new demand is currently below long-term trend levels, which means that the key pillars supporting prices are disappearing.
· Institutional funds are shifting out
A clear signal is that the fund flows of the U.S. spot Bitcoin ETF reversed in the fourth quarter of 2025. During that quarter, the net holdings of the ETF decreased by approximately 24,000 BTC, which stands in stark contrast to the strong accumulation in the fourth quarter of 2024. This reflects a contraction rather than an expansion in demand from institutions and large holders.
· The derivatives market is extremely lukewarm.
The perpetual contract funding rate, which measures market leverage sentiment, has seen its 365-day moving average drop to the lowest level since December 2023. Historically, a sustained decline in the funding rate reflects a reduced willingness of the market to maintain long positions, a pattern that typically occurs at the beginning of a bear market rather than a bull market.
The next direction of the market will largely depend on the trends in macro monetary policy.
· Short-term pressure: Currently, market sentiment is in a state of "fear." For the upcoming January 2026 FOMC meeting, only 22.1% of investors expect the Federal Reserve to cut interest rates, which suppresses optimism in the short term.
· Long-term hopes: However, more analysis places hope on 2026. Bank of America predicts that the Federal Reserve may repeat "policy surrender" in 2026 due to economic pressure, being forced to initiate a rate-cutting cycle. As one of the assets most sensitive to global liquidity, Bitcoin is expected to benefit first. At the same time, the Federal Reserve's ending of quantitative tightening and the initiation of a new asset purchase program may also inject new liquidity into risk markets next year.
Most people are hopeful for a potential interest rate cut cycle in 2026, believing it may drive up the price of Bitcoin, but the current market sentiment is clearly leaning towards pessimism.
The Federal Reserve has lowered the federal funds rate by 25 basis points to 3.5%-3.75% in December 2025, but based on the dot plot forecast, it plans to cut rates by only 25 basis points each year in 2026 and 2027. This relatively mild monetary policy path may not be able to immediately reverse the downturn in the crypto market.
Overall, the Bitcoin market is undergoing a clear cooling phase, with the wave of institutional demand driven by ETFs temporarily receding, and technical support being breached. Although historical patterns and expectations of future accommodative monetary policy provide a glimmer of hope for long-term holders, market sentiment has clearly shifted to a cautious stance in the short term. Investors should be prepared for potential ongoing volatility and downside risks. #参与创作者认证计划月领$10,000

Summary
The future of Dogecoin depends on debates about inflation, ETF developments, and waves of meme-driven retail interest.
Block reward reduction proposal – possible emission cut by 90% (a positive factor if adopted, but risks for miners remain).
ETF approval – applications from Grayscale, Bitwise, and 21Shares could attract institutional investors.
Meme sentiment – retail interest remains fragmented, but technical indicators point to breakout potential.
Detailed analysis
1. Block reward reduction debates (mixed impact)
Overview: In April 2025, a proposal appeared on GitHub to reduce the Dogecoin block reward from 10,000 to 1,000 DOGE, which would lower annual inflation from around 3% to 0.33%. Supporters believe this would increase scarcity and the coin’s long-term value. However, critics warn that miners could abandon mining if the reward drops without a price increase, threatening network security.
What this means: If implemented, slower supply growth could increase DOGE’s value, especially if demand holds. But the community is divided—the Dogecoin curator on GitHub previously rejected similar initiatives, considering their adoption unlikely without serious threats to the network (GitHub).
2. ETF popularity growth (positive factor)
Overview: Spot ETFs for Dogecoin (such as GDOG by Grayscale and TDOG by 21Shares) began trading at the end of 2025, with inflows of $2.85 million by December. In 2026, additional ETFs could be approved under the 33 Act, mirroring the institutional adoption seen with Bitcoin.
What this means: ETFs make DOGE more attractive to traditional investors, though volumes are still small. Analysts note that DOGE futures regulated by the CFTC (unlike Cardano) give it an advantage for approval (Bitcoinist).
3. Technical analysis and market sentiment (neutral-positive)
Overview: DOGE is trading in a symmetrical triangle in the $0.13–$0.16 range, with RSI indicators (53.75) and MACD showing signs of growth. However, fear dominates the crypto market (CMC fear and greed index: 27/100), and altcoin season remains sluggish.
What this means: A breakout above $0.16 could lead to a rise to $0.20 (Fibonacci level 23.6%). Otherwise, failure to hold $0.13 could result in a pullback to 2025 lows around $0.10. Accumulation by large players (1 billion DOGE in November 2025) indicates confidence, but retail investors remain cautious (CoinGlass[CoinGlass].
Conclusion
Dogecoin’s price balances between supply dynamics (block reward debates(, institutional adoption )ETF(, and meme-driven volatility. Technical signals lean bullish, but DOGE remains vulnerable to overall market sentiment and potential regulatory delays.
Watch closely: will DOGE close above $0.16 on rising volume, or will miner uncertainty cap growth?

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According to a report by Bloomberg, Vanguard, the world's second-largest asset management company, is making a significant shift, stating that it will allow "ETFs and mutual funds that primarily hold Crypto Assets to trade on its platform." The demand from retail and institutional clients has jointly contributed to this decision. Starting Tuesday, ETFs and mutual funds that primarily hold Bitcoin, Ethereum, XRP, Solana, and other Crypto Assets will be able to trade on its platform.