#数字资产市场洞察 🔔 Market Trends Overview | Several Signals for the End of 2025

The path of Bitcoin mining has become a bit difficult recently. Data shows that miner income has shrunk by 11% since mid-October, and some are starting to worry about whether we will enter a "mining disaster" rhythm. This wave of market conditions is indeed putting significant pressure on small and medium-sized mining farms.

On the regulatory front, progress is actually accelerating. The U.S. Senate recently confirmed Mike Selig as the Chairman of the CFTC, which means that the regulatory framework for the crypto market is still being refined. In parallel, Senator Cynthia Lummis has also taken action—she stated that she will push for the crypto market structure bill to ultimately become formal law during her term, which will have a significant impact on the industry's long-term expectations.

From a macro perspective, the tone from the Federal Reserve has changed. Haskett pointed out that US inflation is actually below the target level, signaling there is room for interest rate cuts, which could be a positive for risk assets (including cryptocurrencies).

In terms of regional growth, cryptocurrency activity in Brazil recorded a growth rate of 43%, and emerging markets continue to have a strong capacity for absorbing digital assets.

There are also variables at the chip end - the US FTC has just approved NVIDIA's $5 billion investment in Intel, and the computing power supply chain is being optimized and adjusted.

Overall, the mining sector is slowing down, but the signals of policy support and market growth are still present. How to seize this window period varies for each institution.