Bitget Daily Morning Report: Total crypto market cap rebounds above $3 trillion, Michael Saylor posts "will not yield" indicating continued Bitcoin accumulation
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Bitget Daily Morning Report: Total crypto market cap rebounds above $3 trillion, Michael Saylor posts "will not yield" indicating continued Bitcoin accumulation
Bloomberg: Bitcoin's decline signals weak year-end performance for risk assets, but growth momentum may emerge by 2026.
Navigating Web3 tides with focused insightsAuthor: Bitget
Today's Outlook
1. Macro economist Lyn Alden: Bitcoin and the entire cryptocurrency market are currently unlikely to experience a significant crash. "We haven't reached a state of euphoria in this cycle yet, so there's no reason to expect a massive sell-off."
2. U.S. Treasury Secretary Bessent: The government shutdown has caused a permanent $11 billion blow to U.S. GDP.
3. Alternative data: The Crypto Fear & Greed Index rebounded to 19, up from 13 yesterday and a weekly average of 14, with market sentiment still in "extreme fear" territory.
Macro &热点 (Hotspots)
1. Cryptocurrency markets rebounded, with Bitcoin briefly surpassing $88,000, and total crypto market capitalization rising above $3 trillion.
2. Michael Saylor posted "will not yield," implying continued Bitcoin accumulation.
3. ProCap CIO: Bearish Bitcoin options OI is large by end-December, with implied volatility returning to pre-ETF launch levels.
4. Bloomberg: Bitcoin's decline signals weak year-end performance for risk assets, but growth momentum may emerge in 2026.
Market Trends
1. BTC and ETH rebounded, but the market remains in extreme fear. Approximately $225 million was liquidated in 24 hours, including $129 million in short positions.
2. U.S. stocks: Dow rose 1.08%, S&P 500 gained 0.98%, Nasdaq Composite increased 0.88%.
3. Bitget BTC/USDT liquidation map shows: BTC’s current price of $87,755 is just above a dense area of high-leverage longs (~$85,000–$88,000), making downside moves prone to triggering cascading long liquidations. The upper short liquidation zones are relatively scattered and smaller in cumulative size, meaning resistance to upward breakout is clearly weaker than the chain risks on the downside.
4. Over the past 24 hours, BTC spot inflows were $378 million, outflows $372 million, resulting in a net inflow of $6 million.
News Updates
1. SEAL member: North Korean agents have infiltrated 15% to 20% of crypto companies, and 30%–40% of job applications may come from North Korean agents attempting infiltration.
2. The Department of Government Efficiency (DOGE), established by former President Trump to reduce government size, has been disbanded.
3. Tether-supported Rumble launched cryptocurrency tipping functionality and simultaneously introduced Rumble Wallet.
Project Updates
1. pump.fun project team transferred 405 million USDC to Kraken over the past week—funds obtained from a June private institutional sale of PUMP at $0.004 per token.
2. Port3 initiated a token migration plan and burned over 160 million tokens.
3. Monad co-founder clarified that no meme coin or NFT related to its pet Anago has been issued, warning users to stay vigilant.
4. Sui-based stablecoins saw a net inflow of $2.4 billion in the past 24 hours, ranking first; Aptos and Ethereum followed closely.
5. Aster: Due to incorrect gold price feed, XAUUSDT market prices deviated; affected users will be fully compensated.
6. Bitcoin community and Strategy supporters called for a "boycott" of JPMorgan over MSCI's proposed new rules report.
7. Data: Tokens such as XPL, WCT, and SAHARA will undergo large-scale unlocks this week, with XPL unlocking worth approximately $18.1 million.
8. Michael Saylor’s "Will You HODL This Week?" poll concluded: 77.8% reported no selling.
9. Uniswap community passed a temperature check proposal to activate the fee switch.
10. Bitwise CEO’s survey on responses to market crashes concluded: "Buy" ranked first at over 43%, "Hold" second at 37.6%, "Undecided" third at 9.8%, and "Sell" fourth at 9.5%.
Disclaimer: This report is AI-generated; humans only verified information. No investment advice is provided.
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