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The latest on-chain data monitoring shows that centralized exchanges' Ethereum funds have been active in the past 24 hours, with a total net inflow of 142,100 ETH, reflecting market trading enthusiasm. One major exchange absorbed most of the inflow, while another platform experienced a reverse outflow, indicating different investment strategies.

Traders share market observations, believing that the current low trading volume of Bitcoin and small-cap coins presents an investment opportunity. They point out that the market is still waiting for buy signals, and January typically experiences higher volatility. They are optimistic about the future trend.

【BitPush】According to the latest weekly analysis report, Bitcoin has been on a downward trend since mid-October this year, with market cautiousness increasing.
Regarding future expectations, the "four-year cycle" theory has recently gained renewed attention. Many traders generally agree that: Bitcoin in 2026 is likely to face continued pressure. Specifically, the three forces of volatility convergence, deleveraging, and lack of risk appetite have been exerting ongoing pressure on prices over the past few months.
From derivatives, spot ETFs, and candlestick patterns, the market positioning has already undergone significant changes. Notably, Bitcoin options contracts, which have reached a record high in scale, are about to expire. The distribution of strike prices directly reflects where the market is currently under pressure and where opportunities are hidden.
Looking ahead, the end of the year is usually the most risk-averse period, with funds generally pulling back. But once the new year begins, reallocation of funds and风

During the Christmas holiday, the performance of global exchanges was mixed. On December 26th, the US stock market traded normally with good liquidity, while markets in Australia, New Zealand, Hong Kong, and Europe were closed, leading to trading concentrated during the US stock session, which also affected the crypto market.

【CryptoWorld】Recently, a well-known investment strategist shared his views on the market in 2026 during an interview with the media. He believes that the Federal Reserve will adopt a more moderate monetary policy stance next year, which could revive business confidence. The ISM Purchasing Managers' Index is expected to return above 50, providing positive stimulation to traditional sectors such as industry, energy, and raw materials.
More interestingly, he pointed out that the financial services industry is at the forefront of transformation. The application of AI and blockchain will significantly reduce labor costs and increase profit margins—top banks like JPMorgan and Goldman Sachs may gradually exhibit characteristics of tech stocks, becoming the "tech new giants" of the future.
Regarding market rhythm, he cited historical data to highlight an interesting pattern: after the stock market gains more than 20% for three consecutive years, there is a 50% chance that the upward trend will continue in the fourth year, and the performance may even be stronger. Of course, overconfidence remains a potential risk, but the cautious attitude of investors at present may be able to

Recently, the Web3 fan economy circle has been active. MEET48 completed its second voting round, with fans casting over 20 million votes. Data shows that its activity DApp performs outstandingly in the BSC ecosystem, with over 356K daily active addresses. Top idols can receive rare rewards. MEET48 will collaborate with multiple parties to hold a strategic press conference to showcase the integration of virtual idols and AI UGC.

[BitPush] Economic growth exceeds expectations, and the latest CME data is quite interesting— the probability of rate cuts in January 2026 is lower than previously thought. This also indicates that market expectations for economic resilience are adjusting.
Federal Reserve Chair candidate Haskett's recent statements have attracted a lot of attention. His core logic is that the main drivers of economic growth come from three aspects: sustained decline in prices, steady income growth, and market sentiment recovery. He put it more plainly: if GDP can stabilize around 4%, new employment could return to the 100,000 to 150,000 range per month. At the end of the discussion, he also pointed to the Federal Reserve itself—implying that in terms of rate cuts, policy responses are already significantly lagging.
However, it’s also important to see clearly that the economic growth in the third quarter was mainly due to inventory adjustments and the easing of trade disruptions, which are temporary factors. The marginal weakening trend in employment is actually still ongoing.

【Coin World】At the beginning of 2025, the main theme of the crypto market is quite interesting——tokens are generally lukewarm, but underlying public chains have each found their own way.
Look at Solana and BNB Chain, which have long been very familiar with meme coins. In January, Solana’s DEX trading volume hit a new all-time high, and these two chains have become a paradise for speculators. In contrast, Ethereum has simply given up competing with these newcomers and is focusing on its own settlement infrastructure. Layer 2 networks like Base have handled over 3.3 billion transactions, with mainnet transaction fees dropping to around $0.19, making them incredibly cheap.
Even more interesting is the performance of stablecoins. Their total market cap surged by 45%, which actually led to the emergence of "stable chains" like Plasma, specially optimized for stablecoins, demonstrating the market’s strong desire for stability.
But the most eye-catching are the new "small but beautiful" directions. Privacy coins like Zcash have increased by

【币界】看看现在的比特币表现，说实话有点不给力——年初到现在，甚至被纳斯达克100指数甩了约50%。但有意思的是，业内机构却对此见怪不怪，甚至在布局后市。
他们的逻辑是啥？宏观流动性目前确实有压力，这才是比特币疲软的主要原因。但这恰好像在为明年铺路。一旦流动性改善的信号出现，反弹的势能可能会非常可观。用他们的话说就是"我们一直在买入"——言外之意，机构眼里这是难得的建仓机会。
更有意思的是市场预期中的大图景：2026年会进入新一轮的四年盘整周期。在这个周期里，稳定币的作用会越来越凸显，从边缘逐渐走向市场结构的核心。简单说，流动性枯竭时期反而可能是孕育下一轮行情的时候。

【币界】彭博社最新观点值得关注——特朗普用关税政策搅动全球贸易已成定局，但真正的冲击波要到2026年才会全面释放。
今年的关税博弈更多是试探和布局，明年才是这套政策体系深度发挥作用的窗口期。对市场而言，这意味着什么？全球贸易格局的调整、汇率波动、商品价格重构——这些都可能成为2026年的主旋律。加密市场作为全球资产配置的一部分，势必会感受到这些宏观力量的冲击。关注政策演进，提前做好准备，或许比被动等待要明智得多。

[比推] The Drift Foundation recently launched the DIP-9 proposal at the governance forum, aiming to establish a sustainable fee distribution system to support the long-term development of the protocol.
According to the proposal design, Drift Labs will receive $1.5 million each month from the protocol fees to cover operational costs such as engineering infrastructure, various subscription services, and on-chain Gas. If the proposal is approved, the first phase will directly prepay $9 million to proactively address the expenditure needs for the first half of 2026. The subsequent distribution model will shift to a monthly basis, with a duration set for 18 months.
The Drift protocol is currently operating well, with a cumulative fee of 42 million USD collected so far. The stable inflow of this fund provides a solid foundation for the feasibility of the proposal. The voting start time is set for December 24, 2025, and once approved, the

Recently, a well-known Large Investor's operations on Ethereum have been quite interesting. In the past 10 hours on December 24, this Address added 475 long orders in one go within the ETH price range of 2932 to 2942 USD, directly throwing in 1.4 million USD in funds. Then, they turned around and placed take profit open orders between 2960 and 3125 USD, and some of the orders have already been executed.
This is not a whim. Since December 17th, this Address has been continuously engaging in rolling operations of high selling and low buying, constantly increasing positions. So far, his ETH long order scale has skyrocketed from the initial 13.2 million USD to 21.62 million USD, with an average purchase price of 2978 USD. Although there is still a paper loss of about 110,000 USD (approximately 13% loss), the liquidation line is set at 2870 USD, leaving some room.
Interestingly, this Address previously held HYPE and ZEC.

A leading exchange is recruiting quantitative traders, focusing on market making and trading in the sports prediction market, yet has sparked controversy over its front running rules, exposing the conflict of interest between its role as a market participant and rule maker, which is worth pondering.

[Coin World] On-chain data shows that over 1,300 Bitcoins have just completed a massive transfer, equivalent to about 114 million RMB. This transfer occurred between two unknown wallets, with the identities of both the sender and receiver undisclosed. Transfers of this scale often attract market attention—whether it’s institutional rebalancing, exchange deposits and withdrawals, or other uses, the on-chain flow of large amounts of Bitcoin can influence short-term price expectations. From recent whale activity, similar large-scale operations have frequently appeared, reflecting market participants' continued optimism about Bitcoin's value.

[Coin World] Since the beginning of November, Bitcoin has been trapped in the dilemma of a Bear Market. The fundamental reason is still the sluggish market demand. Supply is not a concern, but the Trading Volume is shrinking. Under this imbalanced state, the price naturally cannot withstand the pressure.