Metrics Ventures December Market Observation Guide for the Crypto Market
This month's market can be described as spectacular. The momentum of Bitcoin has accelerated the entry of hesitant funds from the sidelines, while the strong old coins with scarce chips have shown a clear profit effect, driving a large number of bottom Alts to seize the chip vacuum upwards. However, the actual profit positions in the market are likely few, and the Meme coins that had previously accumulated a lot of popularity have already begun to consolidate early.
As of the date of this writing, the marginal effect of external events stimulating crypto assets has clearly weakened day by day. At the same time, both MSTR and BTC have shown high turnover signals at the top. Everything will follow the operational rules of assets; a continuous rise without divergence will always reach an endpoint and climax.
The new purchasing power mainly comes from the retail market's new funds, which is not compatible with the logic that has been playing out within the circle. We have once again witnessed the confirmation of the transfer of pricing power in the market, which has important guiding significance for subsequent investment work.
Overview and Commentary on Overall Market Trends
The recent market has been quite lively, with new funds, especially retail funds from the US, South Korea, and Europe, bringing a bustling atmosphere to the market. Under improved compliance, Defi and other sectors have shown endogenous driving forces. However, it is worth noting that aside from the aforementioned sectors, the coins that have performed well along the way are the old strong coins, and the altcoins that have risen under this influence have strangely not shown significant divergence.
A rise without divergence is meaningless, like water without roots, especially in a 24H continuous trading market. The absence of divergence is an alternative manifestation of market weakness. Therefore, despite Tether continuously issuing stablecoins, we remain pessimistic about the rebound of most altcoins. We are more inclined to believe that this seemingly lively rebound actually proves the disruption of the old CEX trading system.
Additionally, we want to particularly remind everyone that the recent intensive volume of MSTR and BTC, along with Bitcoin's failure to accelerate past 100,000, are quite pessimistic short-term signals. Although we believe the trend still exists, when we notice the dense cash-out signals on-chain, and the intense speculation off-chain about MSTR rising to 1,000 USD and Bitcoin's eternal trend, the risks here have accumulated to a level that cannot be ignored.
From historical experience, no one can perfectly time the market, but respecting common sense and trends is a good decision when facing the digital currency market. We believe that the previous four-year cycle has already changed, and this cycle will continue to extend its lifespan because we respect the overarching trend of the dollar system moving from reality to virtuality. However, storms are coming, and we hope everyone can safely navigate the remaining market.
About Us
Metrics Ventures is a data and research-driven liquidity fund for the secondary market of crypto assets, led by a team of experienced crypto professionals. The team has expertise in primary market incubation and secondary market trading, playing an active role in industry development through in-depth on-chain/off-chain data analysis. MVC collaborates with senior influential figures in the crypto community to provide long-term empowerment support for projects, such as media and KOL resources, ecological collaboration resources, project strategies, and economic model consulting capabilities.
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