Group 1 - Bitcoin has broken the psychological barrier of $90,000, trading at $90,742 with a 3.2% increase, marking a reversal from the selling pressure observed during U.S. trading hours in Q4 2025 [1] - The end of tax-loss harvesting, which had driven Bitcoin down by 23% in Q4, is reflected in the recent price action [1] - Buying volume increased significantly at 09:30 ET, contrasting with the previous sell-off pattern, and futures open interest rose by 2.16% to $130 billion, indicating renewed appetite for leverage [2] Group 2 - MicroStrategy is believed to have established a local price floor by purchasing 1,229 BTC at an average price of $88,568, which helped defend the price range ahead of the New Year [3] - Miners, such as Hut 8, are outperforming the spot market, with Hut 8's stock rallying nearly 15% to $50.73 [3] - The crypto market is starting 2026 positively, driven by renewed institutional interest, clearer regulations, and faster ETF approvals, which have boosted confidence, particularly in Bitcoin and Ethereum [4] Group 3 - Prediction markets remain cautious despite the recent rally, with only 26% odds assigned to Bitcoin exceeding $150,000 in 2026, indicating a preference for a consolidation year [5] - Immediate resistance for Bitcoin is identified at the Q4 2025 breakdown level of $92,500 [5] - The recent price action suggests that the "tax drag" is no longer a factor, and if U.S. institutions are indeed risk-on, a rotation into high-beta altcoins and miner equities is expected to outpace spot Bitcoin in the short term [6]

Core Insights - Bitcoin has experienced significant price weakness due to a combination of factors including risk-off investor sentiment, a hawkish Federal Reserve, stalled regulatory efforts, reduced institutional interest, and profit-taking by long-term holders [1][2][4] Market Performance - Bitcoin's price has dropped from $126,000 to below $82,200 since early October, with a slight rebound to nearly $88,500 recently [2] - The total cryptocurrency market capitalization has decreased by approximately 24%, equating to a loss of $1 trillion since its peak in October [3] Key Factors Influencing Bitcoin's Decline - **Declining Risk Appetite**: Bitcoin's decline mirrors that of tech stocks and other risk assets, influenced by macroeconomic concerns and fears regarding overvalued AI companies [4] - **Federal Reserve's Stance**: The performance of Bitcoin is negatively impacted by the Fed's mixed signals regarding interest rate cuts, as Bitcoin typically thrives in low interest rate environments [4] - **Regulatory Stagnation**: The stalled progress of the CLARITY Act, following the earlier success of the GENIUS Act, may hinder crypto adoption [4] - **Institutional Withdrawal**: Following a record liquidation day, institutional investors have been retreating from the crypto market, leading to decreased liquidity and challenges in price recovery [4] - **Profit-Taking by Holders**: Long-term holders have sold approximately 800,000 BTC in the past month, marking the largest sell-off since January 2024 [4]

RT Top Ledger (@ledger_top)Compute unit bid prices on @solana are surging again, revisiting levels seen at the previous all-time high.This spike reflects growing network demand, with increased trading and DEX activity driving up costs.With Solana ETFs awaiting SEC approval, market participants are positioning for more on-chain volume and innovation.Expect price momentum to intensify as institutional interest ramps up.1/2 ...

📈 Institutional interest in onchain liquidity is growing as firms seek to expand market access and improve execution quality.Our upcoming webinar, featuring @baehr, @Uniswap’s @eli_engelman, and Alex Francisci, will explore how to integrate onchain trading into your stack.[Sponsored by @Uniswap] ...

Market Trends - Ethereum ETF 单日流入 10 亿美元 [1] - 机构对以太坊的兴趣显著增长 [1] - 以太坊生态系统相关投资被低估 [1] Investment Opportunities - 以太坊生态系统存在被低估的投资机会 [1] Market Outlook - 本轮周期远未结束 [1]