宋锦轩

I don't know how much the $zama is worth today at 4 o'clock, haven't had it in a long time. It's all spicy now.

Meat is money even in small amounts, it couldn't be sold at 37 USD

Bitcoin falls below $88,000, traders prepare for $28.5 billion in options expiration! During the U.S. session on Monday, the crypto market continued to lose ground, with Bitcoin retreating from $90,000 to below $88,000, and Ethereum breaking below $3,000. Some crypto-related stocks maintained their upward momentum, such as mining companies whose stock prices rose by 16% due to AI data center agreements, but overall pressure remains. This Friday, a record $28.5 billion in BTC and ETH options will expire, accounting for more than half of the open contracts. The Chief Business Officer stated that this expiration marks a shift from speculative cycles to policy-driven ones. The maximum pain point is $96,000, where option sellers profit the most. $120 million in put options is concentrated at $85,000; if selling pressure increases, it may lower spot prices. The cost of short-term protective put options has risen, leading traders to prefer rolling over defensive positions from December 85K-70K to January 80K-75K. The skew has declined but remains cautious, with liquidity reduced at year-end, and vigilance is needed as we enter 2026. Short-term range-bound fluctuations, what do you think?
#btc

Dogecoin has fallen below short-term support, focusing on lower demand areas! Dogecoin dropped slightly by 1.8% on Sunday, sliding from an intraday high of $0.1341 to $0.1323, failing to maintain gains above $0.135, with sellers regaining control. Market Overview:
Trading volume surged to 721 million during the decline, exceeding the 24h average by 150%, indicating that the market is actively adjusting positions rather than volatility caused by insufficient liquidity. Technical Analysis:
DOGE has lost the key support at $0.1320, which had previously supported multiple retracements. The lower boundary of the short-term upward channel has broken, confirming a moderate rebound deviation, with a lower high of $0.1352 reinforcing a bearish bias. Price Trend Summary:
Failed to hold at $0.135, resistance selling pressure evident; increased volume shows distribution signs; testing lower lows after breaking $0.1320; stabilizing at $0.1323 at the end, but no strong rebound; overall controlled selling rather than panic selling. Trader's Note:
$0.1320 now turns into resistance, and if lost, look towards the $0.1280-$0.1290 demand area, which aligns with the consolidation range and may attract buying on dips.
Upside requires reclaiming $0.1320, then $0.1350 to neutralize the bearish outlook.
Current position is weak, consolidating downwards, watch if the volume supports reversal signals. Dogecoin is under short-term pressure, what do you think?
#DOGE

Asian Morning Post: Bitcoin stabilizes around $89,000, gold hits record high, and Asian stock markets rise collectively! Global market risk appetite warms up, with Bitcoin hovering around $88,800 and gold breaking through the historical high of $4,380, while Asian stock markets rise in unison. Ethereum rebounds above $3,000, XRP, Solana, and Dogecoin surge over 2% after volatility, but $576 million in liquidations occurred in 24 hours, indicating ongoing market fragility. Strong gold: Central bank purchases + ETF inflows drive the strongest annual performance since 1979. The Asia-Pacific index rises over 1%, with technology stocks leading the way, while U.S. stock futures also strengthen. Japanese interest rates rise, the yen strengthens, reinforcing the trend from easing to tightening. Reports show that long-term Bitcoin holders are nearing the end of their sell-off, institutions absorbing more than miner output, and although prices have dropped 30% from October highs, corporate and ETF purchases are still increasing. Macroeconomic impacts persist, with low liquidity suppressing rebounds. The short-term range is volatile; what do you think?
#btc

Galaxy Digital research director Alex Thorn stated that predicting Bitcoin for 2026 is exceptionally difficult due to macro uncertainties, political risks, and imbalances in market momentum exacerbating chaos. Although a short-term range fluctuation or 'flat' scenario may occur, the company maintains a long-term bullish outlook, expecting it to reach $250,000 by the end of 2027. The signals from the options market are confusing: traders assign similar probabilities to prices of $70K or $130K mid-2026, and $50K or $250K by the end of the year, reflecting readiness for extreme volatility. Volatility is decreasing: long-term volatility is lowering, institutional strategies (such as covered options) suppress extreme prices, and the volatility smile curve provides protection on the downside more than on the upside, as Bitcoin gradually matures into a macro asset. Thorn believes that structural institutional adoption (such as being included in standard investment portfolios) rather than short-term fluctuations will drive long-term value. There are short-term downside risks, but continued inflow of institutional funds may provide support. Bitcoin in 2026 is full of uncertainties, what do you think?
#btc

Bitcoin short-selling pressure intensifies! 75% of the top 100 cryptocurrencies have fallen below the 50-day and 200-day moving averages, according to TradingView data. Among the top 100 cryptocurrencies, 75 have prices below the 50-day and 200-day simple moving averages (SMA), indicating strong bearish signals. Core cryptocurrencies Bitcoin, Ethereum, Solana, BNB, and XRP are all breaking down, collectively accounting for 78% of the total market capitalization, dragging the overall market down. In comparison to the Nasdaq 100, only 29 stocks exhibit similar weakness, and the breadth of tech stocks still leans bullish. BTC is strongly correlated with the Nasdaq, often amplifying fluctuations during downturns. Only 8 cryptocurrencies (PI, APT, ALGO, FLARE, VET, JUP, IP, KAIA) show an RSI below 30, indicating oversold conditions, while most cryptocurrencies still have room to decline, and panic bottoms have not yet been reached. Breaking the 50/200-day SMA = weak short-term + long-term trends, usually triggering accelerated selling. As the year-end approaches, market breadth is deteriorating, and the risk of chasing small coins is high. Bulls should be alert: there may be another wave of downward probing before a rebound. What do you think of this adjustment?
#btc

Today's cryptocurrency market: Bitcoin rebounds to $89,900, but risk appetite is weak, altcoins are under pressure! Bitcoin has risen from a low of $88,000 on Sunday to $89,900, still far from the high of $94,300 after the Federal Reserve's rate cut. The 24h change is minor, and market sentiment has retreated to the 'extreme fear' zone. The CD20 index has slightly increased by 0.16%, while the CD80 index has decreased by 0.77%, with more than half of the top 100 tokens declining, highlighting the weakness of altcoins. Ethereum and Tron have risen by less than 2%, while AERO, TAO, ZEC, and others have dropped over 4.5%. Liquid staking tokens LDO and ETHFI have risen by about 2%. Derivatives: DOGE futures open interest has reached a new high since November 20, with the funding rate positively indicating bullish sentiment; XRP open interest increased by 3%, and the funding rate is near zero, if it breaks $2 it could turn negative; XLM, MNT, HBAR funding rates are negative, and shorts dominate. Bitcoin's dominance has risen to 58.4% (September 56.8%), and the altcoin seasonal indicator is only 19/100, indicating investors prefer large-cap safe assets. Short-term weakness, risk appetite has not risen. What do you think?
#加密

JPMorgan has launched a tokenized money market fund on Ethereum, accelerating Wall Street's on-chain layout! The $4 trillion asset management giant JPMorgan officially launched the "My OnChain Net Yield Fund (MONY)", with an initial seed capital of $100 million, open this week to qualified investors (minimum $1 million). MONY operates on Ethereum, holding short-term debt instruments, paying interest daily, supporting cash or USDC redemption shares, providing traditional money fund returns + blockchain 24/7 settlement and real-time ownership advantages. Executives stated that customer demand for tokenization is strong, and MONY is an experiment to expand the on-chain product series, collaborating with clients to create a diverse range of options. The tokenized money fund has grown from $3 billion to $9 billion in one year, and the broader tokenized asset market is expected to reach $18.9 trillion by 2033. BlackRock's BUIDL has already raised $2 billion, Franklin Templeton's BENJI is leading the way, and Wall Street giants are collectively entering the scene as the era of on-chain finance arrives!
#加密

BTC pullback risk is rising! The Nasdaq rebound is stagnating, with $80K becoming the focal point. Bitcoin has rebounded from the low of $80K on November 21 to $93K, but closed last week with a long upper shadow and a small body candle, facing strong rejection above $94K, with selling pressure dominating. Currently, it has dropped back to around $89,600, and the three-week counter-trend rising channel is at risk of breaking. The Nasdaq dropped nearly 2% last week, forming a bearish engulfing pattern, with the weekly MACD turning bearish, suggesting volatility may decline or transmit to BTC (historically strongly positively correlated, with BTC amplifying declines during downturns). The MOVE index (30-day implied volatility of government bonds) has a hammer candlestick, indicating volatility may rise, with global tightening pressure intensifying and risk assets under pressure. Historically, BTC has been negatively correlated with MOVE. Key levels: breaking below the channel bottom, directly probing the $80K low; breaking above $94K-$95K to regain short-term bullishness, with strong resistance at $96K-$100K (50-day SMA + equilibrium cloud).

#btc

XRP spot ETF defies the trend, attracting massive investments! Continuous net inflows for 30 days, totaling $975 million! Since its launch on November 13, the US spot XRP ETF has recorded new capital inflows every day, with no net redemptions, accumulating a net inflow of approximately $975 million and total net assets reaching $1.18 billion. This strong performance stands in stark contrast to the recent outflows of Bitcoin and Ethereum ETFs. BTC/ETH funds are affected by interest rate expectations, stock market volatility, and concerns over tech valuations, leading to unstable capital flows. The XRP ETF consistently attracts capital, indicating it is more viewed as a structural allocation tool, appealing to investors seeking differentiated crypto exposure. Demand is driven more by asset-specific factors rather than short-term macro speculation. The evolution of the crypto ETF market is accelerating: funds are no longer only concentrated in BTC/ETH but are shifting towards alternative assets with clear use cases like payment settlement. The XRP ETF has emerged as a new favorite in the compliant channel! Have you jumped on board?

#xrp #btc

Asia Morning Report: Bitcoin hovers around $89,000, traders are on the sidelines, and balance sheets are quietly intervening! Demand quickly cooled after the Fed's rate cut, and liquidity is becoming increasingly scarce as the year-end approaches. Bitcoin has given back some gains, stabilizing in the $89,000 range. Ethereum shows relative resilience, holding onto recent gains, but altcoins are generally under pressure, with market sentiment being cautiously macro-driven. The report indicates: low leverage, suppressed volatility, with capital favoring short-term gains + long-term locking, prioritizing balance sheet optimization over directional bets. On-chain data shows that during the range-bound period, digital asset treasury firms are resuming Bitcoin accumulation—autumn stagnation reasons have eased. Low leverage + long-term holders transferring ownership, price is weak in the short term but downside potential is limited. A rebound requires a return of leverage or macro catalysts. Market overview: BTC: around the $89K range, weak follow-up + low liquidity; ETH: limited demand but lower selling pressure, relatively stable; Gold: near $4,300 historical high, supported by rate cuts + central bank demand; Nikkei 225: opened lower, investors are cautious, focusing on China's November data + the Japanese Tankan survey (manufacturing confidence at a four-year high). End-of-year fluctuations may continue; risk control first! What do you think?

#btc

Current Status of Cryptocurrency: The List of the Most Influential People of 2025 is Out, with Policymakers in the Lead! The list of influential figures is being released this week, focusing on key individuals who shaped the cryptocurrency industry over the past year. Policymakers are in a dominant position, and the industry narrative is shifting from the margins to the mainstream. Blockchain Association CEO Summer Mersinger stated, 'A unified voice will control the cryptocurrency narrative, and public perception is crucial.' The list reflects the industry's efforts to correct long-standing misconceptions and promote a more positive image. Market Structure Update:
The Senate Banking and Agriculture Committee's hearing schedule is yet to be determined, with a list of Democratic priorities circulating, focusing on financial stability, market integrity, and other provisions. Banking Committee Chairman Tim Scott emphasized that advancing digital asset legislation will solidify the leading position in financial innovation. Highlights of the week:
The Senate may vote to confirm several nominees, including the Chair of the Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC).

Tether intends to acquire Juventus! Plans to invest $1 billion! Stablecoin giant Tether has officially submitted a full cash acquisition proposal, targeting a 65.4% stake in Juventus held by Exor. If successful, it will initiate a public offer for the remaining shares to achieve 100% control. Tether CEO Paolo Ardoino (a lifelong Juventus fan) stated: "We have deep respect for Juventus and will support the club's development with solid capital and a long-term vision." If the deal goes through, Tether is prepared to inject $1 billion into the club. In the first three quarters of this year, Tether's net profit exceeded $10 billion, with a market capitalization of USDT at $186 billion, solidifying its dominant position globally. The company already holds over 10% of Juventus shares, and this move marks its further layout in the sports field. The fan token JUV surged 30% upon hearing the news!
#tether

Bitcoin and Ethereum stabilize at $92K/$3,260, Oracle's 11% plunge ignites concerns over the AI bubble! Oracle's stock price saw its largest drop of the year following earnings, with capital expenditures soaring to $50 billion (+$15 billion), but cloud revenue fell short of expectations, leading to market skepticism about the return on AI investments. Tech stocks are collectively under pressure, with the Nasdaq 100 declining. The crypto market is relatively resilient: Bitcoin holds at $92,000, rising 2.6% for the day, with the $90K support being tested; Ethereum rises to $3,260; Solana leads with a 6% increase, while XRP and BNB fluctuate slightly, and Dogecoin shows a small gain. Analyst views: After the Fed's 'hawkish rate cut', internal disagreements over next year's path have increased, and the probability of another rate cut in March is in doubt. Traders are more focused on trend structures rather than chasing highs, with funds leaning towards large-cap assets. AI spending frenzy vs cash flow delays, the market is beginning to demand 'real money'. Short-term risk appetite is under pressure, but the BTC structure remains intact, and if it holds at $92K, there could be opportunities. What do you think? #btc #eth

Is the boring Bitcoin 'green signal' coming? Currently, BTC is stuck in the 91K-92K range, and the trend is so dull that it’s explosive. Even the Federal Reserve's 25bp rate cut has not stirred any waves. But several key signals are quietly turning green:
1️⃣
The medium to long-term MACD (50,100,9) histogram is about to cross above the zero line, and once it lights up with green bars, historically, the average rebound after the same signal is 15%+.
2️⃣
The US Dollar Index DXY has fallen below 98.13 (a new low since October), the MACD has turned negative, a weak dollar = strong risk assets.
3️⃣
The Nasdaq has returned above the 50/100/200-day moving averages, and a rebound in tech stocks is indirectly positive for Bitcoin.
4️⃣
On-chain selling pressure is weakening, and the selling by short-term holders at a loss is nearing its end. The strategy is simple: breaking above the 93,500 dollar trend line = end of the big drop, target 97K-108K; breaking below the 91K channel bottom = continue to explore 80K. Although ETF inflows are weak, selling pressure has exhausted; dull periods often precede big market movements.
Once the MACD green bars light up, it might be the signal to take off. Are you ready?
#btc

Bitcoin rebounds to $93,000 after the Federal Reserve's recent low, altcoins remain under pressure! After the Fed cut interest rates, Bitcoin fell to $89,000 in early trading on Thursday, rebounding to over $93,000 after the U.S. stock market closed, with a slight increase of 24h. The Nasdaq narrowed its decline from 1.5% to 0.25%, the S&P rose slightly, and the Dow increased by 1.3%. Altcoins did not keep up: ADA and AVAX fell by 6%-7%, while Ethereum dropped 3% holding at $3,200. Precious metals surged, with silver skyrocketing 5% to reach a historical high of $64, and gold rising over 1% nearing $4,300. Analyst's view: Bitcoin selling pressure has weakened, the second wave of selling is less intense than the first, and signs of stability are emerging but not yet confirmed; the decoupling of crypto and the stock market is intensifying, and the benefits of interest rate cuts have been digested, with marginal easing no longer supporting; concerns about stagnation in the first half of 2026 are emerging, and the market's focus is shifting to regulation. In the short term, the range is oscillating between $90K-$94K, and a firm stand at $93K would be considered an effective rebound. What do you think?
#btc

Oracle's earnings report fell short of expectations, concerns about the AI bubble reignited, BTC and Nasdaq futures both declined! Oracle released its Q2 earnings report for fiscal year 2026 on Wednesday night, with total revenue of $1.61 billion slightly below expectations, and cloud infrastructure revenue of $4.1 billion also falling short. Although the adjusted EPS of $2.26 exceeded the expected $1.64, new license sales were weak, capital expenditure plans increased to $50 billion, and total debt soared to $99.6 billion (a 25% year-over-year increase), with net debt expected to reach $290 billion by 2028. The stock price plummeted 12% in after-hours trading, dragging down the AI sector: Nvidia and AMD fell by 1%, CoreWeave by 3%. The five-year credit default swap (CDS) spread rose to 117 basis points (the highest since 2022), reflecting a reassessment of risk, but the probability of default is only 1.93% per year, with a cumulative 9% over five years. The Federal Reserve's 25bp rate cut is seen as fully priced in, and hawkish guidance has triggered uncertainty. Bitcoin fell 2.8% below $90,000, and Nasdaq futures dropped 0.8%. The AI debt frenzy vs. delayed actual cash flow has led the market to start questioning the bubble. Short-term risk appetite is under pressure, what do you think?

Bitcoin retraces early week gains, with 90K becoming a key support! On Thursday, the crypto market saw a widespread decline, with Bitcoin dropping 2.4% to $90,250, failing to hold the gains from Tuesday's breakout at $94,500. Ethereum fell 3.4% to $3,208, Solana dropped 5.8%, Dogecoin decreased by 5.5%, and XRP fell 8.6%, with the total market cap retreating to $3.16 trillion. Leverage reset intensifies volatility: $514 million liquidated in 24 hours, long positions lost $376 million, and short positions only $138 million. Analyst's view: The 90K-91K range has been tested multiple times; if it fails, it could drop to 84K; a breakout above 94K and stabilizing at a $3.32 trillion market cap would indicate a real rebound; liquidity depletion + position imbalance may result in a wide range of fluctuations between 84K-100K by year-end. After the Fed's rate cut, guidance leans hawkish, and risk appetite has not risen. Short-term risk control is a priority; as long as 90K holds, bulls still have a chance! What do you think?
#比特币