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no_data1Crypto, TradFi sentiment improves: Will Bitcoin traders clear shorts above $93K?2Bitcoin catches a bid, but data shows pro traders skeptical of rally above $92K3Bitget Daily Digest (Dec. 9)｜Michael Saylor is promoting a Bitcoin-backed banking system to governments; the CFTC has launched a digital asset pilot program allowing BTC, ETH, and USDC to be used as collateral
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- 04:35A Bitcoin OG increased their long Ethereum position to 67,103.68 ETH, worth approximately $209.8 millions.Jinse Finance reported, according to monitoring by Lookonchain, a bitcoin OG (account identifier 1011short) has just increased their long position in Ethereum, with holdings rising to 67,103.68 Ethereum (approximately $209.8 millions). Currently, the unrealized profit on this position has exceeded $4 millions, with the liquidation price at $2,069.49.
- 04:17Matrixport: Bitcoin stabilizes in the short term, but market sentiment remains cautious ahead of the meetingAccording to ChainCatcher, Matrixport stated that as the FOMC meeting approaches, market sentiment remains highly attentive. Although the price of bitcoin has temporarily stabilized, it is difficult to regard this as the starting point of a new upward trend. Current options pricing still implies about a 5% downside, and capital continues to hedge against potential pullback risks. At the end of the year, the market is generally in a phase of deleveraging and reducing positions, with short-term rebounds more often seen as opportunities to reduce holdings rather than new long signals. From a seasonal perspective, market liquidity is usually tight around Christmas, which is not conducive to a sustained rally. The current long-short dividing line is roughly at $91,500, and the overall probability scenario is still that volatility will continue to converge, with the possibility of a strong breakout immediately after the FOMC meeting being relatively limited.
- 04:16Matrixport: The crypto market is unlikely to see sustainable gains as retail participation weakensJinse Finance reported that Matrixport released today’s chart stating, “Currently, retail participation in the crypto market remains relatively low. Taking the historically retail-dominated Korean market as an example, today’s trading volume is significantly lower compared to the peaks in 2023 and December 2024: back then, daily trading volumes could reach several billions of dollars, whereas now it barely hovers around 1 billion dollars, reflecting that retail funds, which mainly engage in short-term trading, have yet to return in a significant way. In such a market environment, some newly launched or expanding trading platforms continue to struggle to see sustained growth in trading volume. Some previously high-profile listing plans have also noticeably slowed their pace. In the absence of a broader return of retail investors, even if the Federal Reserve chooses to cut interest rates in the future, monetary policy easing alone is unlikely to drive a truly sustainable rally. To put it more bluntly, without trading volume, market sentiment is hard to accumulate; without sentiment, trading volume is also difficult to expand.”
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