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BlockBeats News, December 18, according to an exchange market data, BNB briefly dropped below $840, now trading at $841.38, a 24-hour decrease of 3.58%.

According to Odaily, on-chain analyst Yu Jin monitored that the largest SHIB holding address transferred 46.9 billion SHIB, worth $3.64 million, to an exchange 9 hours ago. This address had purchased 1.03 trillion SHIB in 2020 using 37.8 ETH (about $13,700), and the value of this holding peaked at $9.1 billion in 2021. Currently, the address still holds 966.84 billion SHIB, accounting for 16.4% of the total supply, valued at $726 million.

BlockBeats News, on December 18, Chinese crypto analyst Ban Muxia posted last night, stating, "Concerns about the AI bubble have persisted for some time and are now almost fully priced in. Worries about Japan's interest rate hikes have caused the recent market stagnation and are also close to being fully priced in. The Federal Reserve has already started expanding its balance sheet, improving liquidity. The non-farm payrolls data was not great but not terrible either, which has expanded the room for rate cuts without causing a trading recession. Now, it is very likely that this is the best time in the mid-term (the next 1-2 months) to buy risk assets (Bitcoin, S&P, CSI 300). In the next one or two years, concerns about the AI bubble may periodically arise, each time causing a partial market pullback, and each pullback will be an opportunity, until the market goes crazy thinking 'this time is different!'"