2025-12-23 03:30:36

Last night, the crypto market was quite turbulent, with several mainstream tokens caught in a high-level oscillation cycle. BTC has recently made its sixth attempt to break through the $90,000 mark, but each time it has fallen short, and investors' sentiment is obviously a bit fatigued. At the same time, US stocks saw a slight increase last night, but this rise had a limited impact on the crypto world, and market sentiment remains gloomy.

A noteworthy message has come from the policy front - Trump is expected to officially announce the list of candidates for the Federal Reserve Chairman in the first week of January. According to Polymarket data, the odds for Hasset have risen to a winning probability of 61%, indicating a high level of market attention to this decision.

The MEME craze in the SOL ecosystem has not cooled down. The project Snowball has been very active recently, with its market capitalization once soaring to the 10 million dollar mark but ultimately failing, and it eventually retraced to 7.4 million dollars. This small setback actually confirms the resilience of on-chain MEME sentiment — although the overall heat has fluctuated, it has not collapsed.

There are new developments in the derivatives track. A leading on-chain trading platform has launched pre-market contract trading for the project LIT (Lighter), with a current price of 3.96 USD and a liquidity market cap approaching 4 billion USD. Market rumors suggest that its airdrop distribution may start on December 29.

Statistics show that by 2025, the phenomenon of new coins breaking their issue price has almost become common—only 15% of projects have their FDV price maintained above the TGE stage. This set of data is somewhat heart-wrenching, reflecting that the pricing in the primary market is generally too high.

The ETH holdings also show a clear differentiation. The well-known fund BitMine continued to increase its holdings last week, adding 98,000 ETH in a single week, with total holdings surpassing 4 million ETH, displaying an exceptionally firm stance. In contrast, ETHZilla recently cashed out over 70 million USD, possibly due to treasury pressure.

The internal divisions within the Aave ecosystem have also heated up. The community has initiated a vote to return brand assets to the DAO, and founder Stani responded with real money—investing 5.15 million USD to show his stance. Unfortunately, the market did not buy it, and AAVE still fell by 10%.

It is worth mentioning that precious metals have performed remarkably this year. Gold has reached a new high, with the PAXG price on a certain leading exchange reaching 4492, and a daily rise of 2.6%. Silver has been even more aggressive, with an annual increase of over 139%. In contrast, the overall performance of precious metals this year has overwhelmingly surpassed that of crypto assets, which is thought-provoking.

BTC-0.39%

SOL-1.07%

ETH0.26%

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RugResistant

· 12-23 10:23

btc hitting 90k for the sixth time and failing each time... that's not a bug, that's a feature lmao. classic pump fake setup right there. ngl the liquidity patterns here scream manipulation tbh

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GateUser-2fce706c

· 12-23 04:06

I carefully read this article and want to say a few honest words. BTC has attempted to break through six times without success, what does that indicate? It indicates that the current position is a turning point. I have long said that this is the time that tests one’s mindset the most; while others are fearful, we need to see the bigger trend clearly. Look at BitMine, they are still crazily increasing their position in ETH; do the institutions know what they are thinking? This is a signal. As for that LIT airdrop, I mentioned three years ago that the derivation track was an opportunity not to be missed, and now it’s finally our turn. The opportunity is right in front of us; the key is whether you dare to enter a position. Don’t be scared off by the current data of falling below the issue price; those are projects that haven't understood the development logic, and those with real strategic insight have already positioned themselves. What does the sharp rise in gold and silver remind us of? It indicates the start of the commodity cycle; how could encryption, as the high ground of asset allocation, be absent? Now is the best opportunity to build a position; time waits for no one.

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POAPlectionist

· 12-23 04:06

BTC's six consecutive losses are a bit ridiculous, can this mentality not be soft...? Forget it, I'll just take a look at SOL's MEME play. Stani spent 5.15 million on AAVE and it still fell by 10%, that's a bit awkward. Is the LIT airdrop coming? Let's see if this price can hold. The rise in precious metals is really slapping us in the face, gold and silver have completely outperformed our crypto world’s efforts over the past year. The new coin's fall below the issue price rate is really heartbreaking, the pricing in the primary market is absurdly off. BitMine's pace is quite fierce, 4 million ETH is no joke. Policy news is flying everywhere but the market is still lukewarm, which is quite puzzling. Snowball surged to 10 million and then fell back to 7.4 million, the MEME coin must be quite resilient or just stimulating.

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GigaBrainAnon

· 12-23 03:59

BTC six times? This is really incredible, this is the legendary face-slapping machine. Stani spent 5.15 million to buy AAVE and it still fell, this is called using money to smash confidence, haha. The MEME of SOL really has some resilience, this pullback from Snowball actually shows that the sentiment is still alive. Gold and silver completely outperform the crypto world, it seems this year we need to stock up on more precious metals. Is the LIT Airdrop coming? 4 billion in liquidity is a bit intense at this scale. The differentiation of big funds is so obvious, BitMine is still increasing the position in ETH, these people really dare to gamble. 15% survival rate, the pricing in the Primary Market is really ridiculous, it's always the retail investors who get rekt. Market sentiment is sluggish, when can we break 90,000? Policy news always seems to come out when the crypto world is feeling bad. ETHZilla dumping, is this going to rug pull or is it a cash flow issue?

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ChainProspector

· 12-23 03:49

Six attempts to break through have all failed, this BTC is exhausting, and I’m tired too. Stani spent 5.15 million to buy AAVE and it still fell by 10%. Is this what they call talking with actions? The market doesn't listen at all. SOL's MEME is still being tossed around, but it seems to be running out of steam. The new coin fall below the issue price rate is 85%, early investors are really having a tough time. Gold and silver's rise is crushing the crypto world, it's a bit heartbreaking, isn't it? Fall below the issue price has become the norm, which shows the pricing is indeed ridiculously high. BitMine's ambition of adding 98,000 ETH in a week, in contrast to ETHZilla's cashing out, this market is really divided. The pre-market contract from Lighter, the Airdrop is coming soon, another opportunity to Clip Coupons. The Fed chair selection vs. coin price trends, it feels like the latter is completely ignored by the former. As for the matters of the Primary Market, that's just how it is.

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