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The recent decline in bitcoin prices is primarily driven by expectations of a rate hike by the Bank of Japan, uncertainty regarding the US Federal Reserve's rate cut trajectory, and systemic de-risking by market participants. Japan's potential rate hike may trigger the unwinding of global arbitrage trades, leading to a sell-off in risk assets. At the same time, increased uncertainty over US rate cuts has intensified market volatility. In addition, selling by long-term holders, miners, and market makers has further amplified the price drop. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
The crypto industry is replacing Wall Street's privileged status within the American right-wing camp.
The market is transitioning from an emotion-driven cycle of speculation to a phase of structural differentiation driven by regulatory channels, long-term capital, and fundamental-based pricing.
The market is down again, but this may not be a good buying opportunity this time.
SCOR announced today a major strategic partnership with creative director, cultural icon, and CLOT founder Edison Chen.
- 05:22The Kobeissi Letter: A new round of liquidity has arrivedJinse Finance reported that on December 16, The Kobeissi Letter stated that a new round of liquidity has arrived. Last week, the U.S. Treasury General Account (TGA) decreased by $78 billion, marking the largest single-week liquidity injection since June. The TGA is the main cash account of the U.S. government at the Federal Reserve; when the account balance decreases, funds flow directly into the financial system, thereby boosting liquidity. This is the fourth largest single-week decrease so far this year. Meanwhile, the Federal Reserve plans to purchase approximately $40 billion in Treasury bonds through its reserve management purchase program between December 12 and January 14. In addition, the Federal Reserve will also use about $14.4 billion in principal payments from its mortgage-backed securities (MBS) to purchase Treasury bonds during the same period.
- 05:11A trader turned $180,000 into $3.6 million by trading Pippin tokens, achieving a 20x return.According to Jinse Finance, monitored by Lookonchain, a trader with the address BxNU5a turned $180,000 into $3.6 million in less than two months, achieving a return of 20 times. On October 24, he spent $180,000 to purchase 8.16 million pippin and has held them until now—currently valued at $3.6 million.
- 04:54Data: Yesterday, the net outflow of Ethereum spot ETF reached $224.94 millionAccording to ChainCatcher, monitored by Trader T, the net outflow of Ethereum spot ETFs reached $224.94 million yesterday. BlackRock's ETHA saw an outflow of $139.26 million, Fidelity's FETH had an outflow of $10.96 million, Bitwise's ETHW saw an outflow of $13.01 million, Van Eck's ETHV had an outflow of $6.43 million, Grayscale's ETHE saw an outflow of $35.10 million, and Grayscale Mini ETH had an outflow of $20.18 million. 21Shares CETH, Invesco QETH, and Franklin EZET had no capital movement on the day.