Crypto Circle News
December 19 Hot Topics:
1. Bitfinex has officially adjusted trading fees for spot, margin, and derivatives to 0.
2. JPMorgan: The market value of stablecoins is expected to be between $50 billion and $60 billion by 2028, and payment expansion is difficult to scale.
3. SoFi launches the dollar stablecoin SoFiUSD, deployed on Ethereum.
4. Polymarket: The Polygon network outage has been resolved, and the community is discussing its own L2 priorities.
5. The U.S. has seized the crypto money laundering platform E-Note, with involved funds exceeding $70 million.
Trading Insights
I remember a prominent investor once said that whether or not you personally participate in the market, you should prepare a notebook to record your daily trading insights. 1. Even if you don't trade, just as an observer, write down your observations. Excitement, agitation, frustration, fear, etc. Besides reviewing your own trades, you can also observe the daily states of those around you. Even if you haven't invested any money or taken away a penny from the market, or lost a penny, you are still sensing the changes in emotions, which will come in handy when the next market rises. When the next wave of wealth falls, you won't just be catching water with your bare hands; at least you'll have the ability to use a small basin to catch it. 2: Record your daily learning and gains in your notebook. A person cannot experience just one market cycle in their lifetime. If there are three or four market cycles, and you are continuously growing, getting stronger, and evolving, then you haven't wasted the ups and downs of this capital and the fluctuations of emotions. The more you experience the market's ups and downs, the stronger your ability to expand your assets will be. Looking back at my notes from November 2022, just as the pandemic restrictions were lifted and FTX had a major incident, there was panic everywhere, waiting to see what other hidden corpses would surface after FTX collapsed. Grayscale was one of them, waiting for it to blow up. My notes say to patiently wait. When the opportunity for immense wealth arrives, it never rings a bell to remind everyone to get ready, to grab a spoon, a bowl, or a basin to catch this sudden fortune.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community this week. Congratulations to the coin friends who followed along; if your operations are not going smoothly, you can come and test the waters.
The data is real, and each order has a screenshot from when it was issued.
**Search for the public account: *Big White Talks About Coins*
Bilibili and YouTube account: Daquan777
BTC
Analysis
It has been the fourth day, and for three of those days, $BTC has either surged towards or is about to surge towards $90,000 before returning to around $85,000. Especially today, U.S. stocks have performed quite well, with the S&P and Nasdaq almost recovering yesterday's losses, but Bitcoin is still fluctuating around $85,000, and investor sentiment is really poor.
If yesterday's decline in tech stocks was caused by Oracle, which dragged down Bitcoin, then today it should purely be an issue of investor sentiment. At least from the ETF data, more investors have shifted from the cryptocurrency space to U.S. stocks. However, I still believe that in the larger trend, BTC and tech stocks have a high correlation, and even if there is a short-term deviation, it should return to normal.
Friday is the date for Japan's interest rate hike. U.S. stocks have not shown signs of risk aversion. As mentioned before, investors have fully anticipated this rate hike, and the actual result will not cause significant changes in the market. I don't know if American friends are still somewhat worried, but after Japan's rate hike, it will be Christmas market time. The low liquidity during Christmas is like a holiday; as long as nothing goes wrong, it will be fine. A pullback to around 85,900-84,600 can be a good opportunity to go long, with a rebound target around 90,200.
ETH
Analysis
Although BTC's data is good, ETH's data shows no improvement at all. While Fidelity investors are heavily increasing their BTC holdings, they are not increasing their ETH holdings; instead, they are selling. BlackRock investors are also doing the same, and they continue to lead in selling. Traditional investors' interest in ETH is clearly declining. The "garbage time" is when BTC maintains slight fluctuations daily; although the fluctuation amplitude increases from time to time, it still returns to the fluctuation range, maintaining this range for a long time, while trading volume has significantly shrunk. This has happened in both 2023 and 2024.
From the current perspective, it looks very much like a re-establishment of the bottom before garbage time, feeling like it's between $83,000 and $88,000. However, unlike previous garbage times, the investors who are currently stuck at high positions remain very calm, having already lost over $20,000, but this group of investors has not shown panic selling, and the chip structure remains very stable.
For Ethereum, a pullback to around 2,737-2,717 can be a good opportunity to go long.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have some lag. If you have any questions, feel free to consult.
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