2025-12-29 09:21:06

The cryptocurrency market has been quite interesting in recent days, and the end-of-year rally looks promising. Bitcoin has already broken through $90,000, Ethereum has regained the $3,000 level, and mainstream coins are generally up, with BNB and SOL also rising over 3%. The total market capitalization has once again surpassed $3 trillion.

However, upon closer inspection, there are some things behind this rebound worth pondering. On the surface, today’s market is broadly up, but if we zoom out over a longer time frame, nine out of the top 100 cryptocurrencies have been declining over the past three months. In simple terms, this rally seems more like a technical rebound or a year-end capital move rather than a genuine trend reversal.

Another phenomenon is that the market now appears to be "rebalancing." Since Bitcoin retreated from its high of $126,000, the entire market has been adjusting. A notable characteristic is the lack of clear upward driving forces—there are no catalysts capable of pushing a sustained bull run. The good news is that excessive leverage in the futures market has been largely squeezed out, reducing the risk of chain reactions of liquidations. Leverage levels are gradually returning to healthier levels, which is beneficial for market stability.

BTC-0.29%

ETH-0.59%

BNB-0.9%

SOL-0.77%

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HodlTheDoor

· 6h ago

Surface prosperity is just an illusion; 90% of the coins are still falling after three months. --- It's the year-end capital game again; don't be fooled by the rebound. --- Leverage has indeed been squeezed out, at least reducing the risk of liquidation. --- Lack of catalysts means there's no confidence; how many days can this rebound last? --- Rebalancing? I think it's more like a shakeout and washout. --- From 126,000 to now, it hasn't recovered; how can we talk about a trend reversal? --- Deleveraging in futures is indeed a good sign; the market needs stability before it can rise. --- So what if it's 3 trillion? The key is whether it can hold steady. --- Three months of decline, three days of rebound—this rhythm is really intense. --- An upward move without driving force is the most dangerous; beware of high-position bagholders.

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MoonRocketTeam

· 6h ago

Hmm... This rebound indeed looks like fireworks, beautiful but not lasting. The technical rebound and year-end capital operations, I just want to ask when the real catalyst will appear. Leverage squeezing out is indeed a good thing, at least no longer have to watch the explosion shows every day. In the past three months, 90% of coins have been falling, this statistical data is truly heartbreaking. The year-end market is just for fun, don't expect to break out of the stratosphere; the booster hasn't been installed yet. Without a driving force for a one-sided market, both bulls and bears need to be careful to avoid traps. During the rebalancing phase, just quietly make money until the real launch window opens. Whether this $90,000 threshold can be maintained is the key.

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IronHeadMiner

· 6h ago

Oh no, it's this kind of "rebound trap" again. Feels like it's always the same every time. --- $90,000 doesn't mean much; the key is that there's no real driving force, just capital playing tricks. --- I agree that the leverage being squeezed out is a good thing; fewer liquidations mean I can finally sleep peacefully. --- This market movement, to put it plainly, is just capital rushing to meet year-end performance targets. Don't be fooled by the superficial gains. --- Ninety percent of the top 100 are still down and people are still hyped. Truly remarkable. --- Lack of catalysts means no hope; let's wait and see if there's any real good news. --- Rebalancing is just rebalancing; the key is not to dump the market now.

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