Market Dynamics on December 29th

I. Macro Trends

1. Market Trend: The market is adjusting. BTC contract rate is 0.04%, with a long-short ratio of 1.5. Retail investors are somewhat Fomo.

2. U.S stocks fluctuated, with the Dow Jones reaching a historical high.

II. Market Highlights

1.The "Doomsday War Chariots" BSV and ETC have risen, and the market trend is coming to an end. BSV and ETC are mainly speculated by Korean funds.

2.Platform coin WRX has risen as India blocked nine overseas exchanges including Bn, which benefits the largest local exchange WRX.

3.IDO's golden shovels AUCITON, BAKE, DEGO, and BSW collapsed.When a narrative goes from Dragon One to Dragon Two to Dragon Three or Four,it basically ends there.IDO essentially splits the disk; when there isn't enough liquidity to take over new disks,the split disk ends.

4.This week,Solana ecosystem MOBILE,HONEY,BONK,and ZER led the decline,basically halving from their peak.First rise then fall.