1. Market Observation
Keywords: ETH, ETF, BTC
Affected by rising volatility, Bitcoin's price has recently pulled back to $91,000, raising concerns among some analysts about the outlook for the cryptocurrency market. However, top analysts point out that the delay in Bitcoin's parabolic rebound is actually a mixed blessing, which may indicate that the current bullish trend will continue to develop before reaching a parabolic rise.
Notably, the performance of the U.S. spot Bitcoin ETF has been strong, with weekly inflows exceeding $2 billion, and the holdings have surpassed those of Satoshi Nakamoto, with investor demand increasing by 4% compared to March 2023 levels. Meanwhile, Switzerland is taking groundbreaking steps by proposing that the Swiss National Bank include Bitcoin in its $1.03 trillion reserve assets, a move that could reshape the global financial landscape and significantly impact Bitcoin's price trajectory.
There have also been some notable movements in the market: an early participant in the Ethereum ICO transferred $2.14 million worth of ETH to Coinbase after nearly nine years of silence; at the same time, a well-known "blockchain bandit" activated a dormant wallet and transferred $172 million worth of ETH.
Looking ahead to 2025, Bitcoin still faces some pressure, with analysts predicting that the price may dip below $90,000 but is expected to rebound to $120,000 afterward. SkyBridge Capital founder Anthony Scaramucci predicts that Bitcoin's price could double due to tightening supply. Additionally, Binance's record reserve size and the approval of spot ETFs allow Bitcoin to maintain its status as a major investment asset in 2025. It is expected that Bitcoin's market dominance, established at the end of 2024, will continue throughout 2025, while ETH also shows strong upward momentum.
2. Key Data (as of January 1, 15:15 HKT)
S&P 500: 5,881.63 points (up 24.01% year-to-date)
Nasdaq: 19,310.79 points (up 30.78% year-to-date)
10-Year U.S. Treasury Yield: 4.581% (up 69.4 basis points year-to-date)
U.S. Dollar Index: 108.47 (up 7.01% year-to-date)
Bitcoin: $93,468.69 (up 120.4% year-to-date), daily spot trading volume of $39.865 billion
Ethereum: $93,468.69 (up 46.1% year-to-date), daily spot trading volume of $19.067 billion
3. ETF Flows (December 31 EST)
Bitcoin ETF: +$35.9324 million
Ethereum ETF: +$5.3181 million
4. Important Dates (HKT)
ISM Manufacturing PMI (January 3, 11:00 PM)
- Actual: To be announced / Previous: 48.4% / Expected: 48.3%
5. Hot News
Syrian Proposal to Legalize Bitcoin to Promote Economic Recovery
1confirmation Founder: ETH Will Eventually Rise to $10,000
3A Chain Game Seraph "Dark Angel" Set to Launch TGE
Musk Tweets Twice with Frog Elements
Re-staking Protocol ether.fi Launches Berachain Incentive Pre-deposit Vault
AI16Z Becomes the First AI Token on Solana with a Market Cap Exceeding $2 Billion
FLock.io Announces Launch of Mainnet and Token Generation Activity on Base
Binance Labs Invests in 46 Projects in 2024, Focusing on Blockchain, AI, and Biotechnology in 2025
Top 500 Cryptocurrencies by Market Cap See Yearly Return Declines: STRAX, KUJI, SATS
Musk Retweets "Elon Musk is now Kekius Maximus"
Supported by OSL - Hong Kong's largest over-the-counter trading platform, continuously providing regulated digital asset services to the market since 2018.
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