Recently, the market has performed well, with prices rebounding and breaking through high points, but trading volume is decreasing, indicating weakening upward momentum. Technical indicators show that bullish strength still exists, but caution should be exercised regarding the divergence between price and volume. Key levels for long positions are suggested at 2963 and 3089, while short-selling points are at 3303 and 3405. Also, pay attention to support and resistance levels.

Brazil's Itaú Asset Management recommends allocating 3% of the portfolio to Bitcoin to hedge market risks and exchange rate fluctuations, emphasizing that Bitcoin's low correlation can effectively diversify risk. Similarly, Bank of America and BlackRock are also recommending Bitcoin allocations, indicating that institutional investors are gradually incorporating it into multi-asset portfolios.

【Crypto World】Salvador has made significant moves in the past week, purchasing an additional 8 Bitcoins. As of now, this Central American country’s total Bitcoin holdings have exceeded 7,500 coins, with an exact number of 7,500.37 coins, which amounts to approximately $678 million USD. As the first country in the world to adopt Bitcoin as legal tender, Salvador's ongoing accumulation continues to attract market attention. This series of actions reflects a sustained optimism about the long-term value of Bitcoin.

Recently, a large-cap player has been continuously reallocating BTC to ETH since November 25. By December 14, a total of 1972 BTC were exchanged for 58148 ETH, worth $176 million. This strategy shows a clear market expectation and is worth paying attention to.

【CryptoWorld】Bitcoin's Layer 2 ecosystem has been quite hot recently. Merlin Chain's MERL has been on a steady rise, with a single-day increase of 16%. The driving force behind this market trend is not spot trading but the "agitation" in the derivatives market.
Perpetual contracts are significantly gaining popularity. Yesterday alone, there was a $27 million inflow, and the open interest soared to $75.79 million, hitting the highest level in the project's history. Holder enthusiasm has also been ignited, with the number of holders reaching 173,800, and this growth rate is quite rapid.
Spot holdings are also gradually increasing, but the outflow of tokens from exchanges remains around $700,000, showing no signs of large-scale sell-offs. The buy-sell ratio is also quite decent, indicating bullish sentiment, which is a positive signal.
However, the clarity isn't that high. Looking at the liquidation heatmap, most of the flow

Last week, the Federal Reserve cut interest rates, but the challenges in the artificial intelligence sector impacted US stocks and the bond market. Long-term US Treasury yields are rising. Next week, focus on speeches by Federal Reserve officials and important CPI data, as CPI performance will influence the liquidity of the dollar and the cryptocurrency market.

【币界】一家持有超过66万枚比特币的上市公司在最近的纳斯达克100成分调整中幸存了下来，继续获得Invesco QQQ等主流ETF的追踪资格。不过好消息仅此而已。
MSCI已经放出风声，计划在2026年1月15日启动一轮指数审查。这对持有大量比特币资产的企业来说可不是个好消息——若被剔除出全球关键指数，伴随而来的可能是指数追踪基金的大规模抛售潮。
眼下情况已经有点紧张。该公司股价在比特币整体回调的拖累下，已经下跌了7%，最新报价在176.5美元附近。指数状态还在，但风险信号已经闪起来了。关键还要看明年那场审查怎么定调。

In December 2025, US spot Bitcoin and Ethereum ETFs saw a rebound, with a total inflow of $341 million. Bitcoin ETFs attracted $198 million, performing outstandingly. After a severe correction in November, market sentiment quickly recovered, and investor confidence was restored.

【Crypto World】In the past 24 hours, the BTC liquidity in crypto exchanges has shown an interesting polarization. According to on-chain data monitoring platforms, major CEXs have a total net outflow of 426.48 BTC, but behind this number lies a duality of funds.
Who has the largest outflows? A leading platform dominates, with an outflow of 1,119.30 BTC; followed by a major exchange with an outflow of 862.13 BTC; the third-ranked exchange is relatively moderate, with an outflow of 94.85 BTC. It appears that the market is under selling pressure.
However, there is a highlight—Kraken's reverse operation, sweeping up 1,150.41 BTC, becoming the only major net inflow. This indicates that while other platforms are losing BTC, Kraken is quietly accumulating. This kind of reverse operation usually signals differing expectations among market participants regarding the future trend. The polarization of capital flows,

Pyth Network has launched a token reserve program, repurchasing PYTH tokens each month using network revenue to provide stable market demand and promote scalability. Its revenue sources include Pyth Pro, core price data services, entropy services, and fast relay services, aiming to closely link project growth with token value.

【Crypto World】AAVE has been performing quite well recently. As news of the upcoming V4 upgrade broke, the token price started to rise, currently approaching $205, up 9%. Ultimately, this is because the upgrade itself has some noteworthy features—redesigned liquidation engine that can significantly improve capital efficiency, while also making risk control more detailed.
Market reactions are quite straightforward. Open interest in perpetual contracts increased by $34 million within 24 hours, indicating that leverage trading activity has been reignited. On-chain activity is also lively, with the number of receiving addresses nearly doubling to 1,200, reflecting a genuine increase in ecosystem activity. The protocol’s weekly fees have also risen, increasing by about $300,000 compared to the previous period, now stabilizing at $15.47 million.
However, continuing to break higher is not that easy. Liquidity accumulation around the $223 level has created noticeable short-term pressure, and investors need to stay closely watchful.

SHIB's recent trend has entered a consolidation phase, facing key moving average resistance. Approximately 192.6 billion SHIB are net outflows daily, indicating that the market may be building positions. Momentum indicators are calm, but if support levels can hold and the 50-day moving average is regained, the likelihood of a short-term rebound is high.

【Crypto World】Looking at the ETH price movement over the past 4 hours, some details are worth noting.
In terms of price trend, it has significantly risen compared to the position at 16:00 on December 12, but from 08:00 to now, there has been a pullback, showing a small bullish candle. The last candlestick closed above the opening price, indicating that the bulls are still trying. However, trading volume is not very optimistic—the recent volume has been shrinking, becoming lighter than in the previous few hours, which presents a typical divergence between price and volume: both price and volume are moving downward, making the market seem a bit dull with low participation.
Looking at technical indicators, the MACD shows no clear direction, but the histogram remains negative and gradually shortens, implying that the bearish momentum is weakening and the bulls are quietly accumulating strength. The KDJ indicator currently shows no golden cross or death cross, remaining neutral, with the KDJ value stuck at 43, reflecting that the downtrend has not reversed.
Based on recent data analysis, several key levels can

【Blockchain Rhythm】 One interesting recent development: the Federal Reserve announced a 25 basis point rate cut this week, which aligns with everyone's expectations. However, what’s truly noteworthy is their upcoming 30-day Treasury reserve management purchase plan.
The specific scale is as follows—
Initial operation size: $40 billion
Start date: December 12
Why is this worth paying attention to? This liquidity injection came earlier than originally planned, and reserve growth could continue until April 2026. From the Fed’s operations, they have shifted from balance sheet reduction to net injections, often referred to as "mild quantitative easing" or "hidden QE"—though not officially named as such.
For the cryptocurrency market, this is good news. Coupled with the Federal Funds futures market’s expectation of two more rate cuts within the first nine months of 2026 (a total of 50 basis points), the overall policy environment might be much more moderate than many previously thought.

【Crypto World】The experimental Layer 1 project Fogo on the Solana ecosystem recently made an interesting decision—cutting the originally planned $20 million token presale and instead airdropping 2% of the total token supply.
What is the reasoning behind this? The project team’s idea is that rather than following a traditional fundraising route, they prefer to focus on early testnet participants. They launched the Fogo Flames points program, distributing tokens to core community members through this mechanism. This approach not only rewards genuine builders but also avoids overly centralized token distribution.
Additionally, it’s worth noting that Fogo also burned 2% of the genesis token supply. This combination—canceling the presale, launching a points program, and burning part of the supply—clearly aims to build a fairer and more transparent token distribution model.
The project is scheduled to launch its mainnet in January, and based on current operations, their priority