Cryptocurrency News
December 8 Highlights:
1. Bitcoin began to rebound after falling below 88,000 in the evening; SEC Chairman: the entire U.S. financial market may migrate on-chain within two years.
2. The long positions of "whales" who opened short positions after the flash crash on October 11 have increased to 14,277 ETH, worth over $42.95 million.
3. Michael Saylor has released Bitcoin Tracker information again, which may disclose additional holdings data.
4. K33 Research analyst Vetle Lunde stated that December could be a turning point for the recent cryptocurrency market, with structural upward potential forming.
5. Glassnode: After Bitcoin stabilized, investor panic has subsided, and funds are beginning to flow into bullish options.
Trading Insights
A Beginner's Practical Guide to Cryptocurrency Contracts: A Must-Read for Newcomers, Avoid Pitfalls Before Making Profits. Many newcomers are very interested in contracts but get taught a lesson by the market upon entry due to a lack of understanding of the rules and risk control. Today, I will clarify the essence of contracts, gameplay, and core avoidance strategies using straightforward practical logic, which newcomers can directly reference.
Core Definition of Contract Trading Core Logic: No need to actually hold the cryptocurrency; profits can be made simply by judging price fluctuations. If the direction is correct, you earn; if wrong, you lose. The core profit comes from the price volatility difference, not from holding assets.
Bullish → Open Long
Bearish → Open Short
Two Main Types of Contracts
Perpetual Contracts: No expiration date, can be held long-term, anchored by funding rates and spot prices, with both long and short parties paying each other.
Futures Contracts: Have a fixed expiration date, settled at the spot price upon expiration (or physical delivery), commonly seen in quarterly and next-quarter contracts.
Basic Core Concepts (Must Understand)
Contract Size: The minimum trading unit of a contract, with different values for different currency pairs.
Leverage: Amplifies both profits and losses; a 10x leverage with a 10% drop likely leads to liquidation.
Opening Position: Buying to go long (bullish), selling to go short (bearish).
Closing Position: Ending the trade to lock in profits or losses, supporting market/limit orders.
Forced Liquidation: Automatic closing of positions by the system when margin is insufficient to avoid account depletion.
Key Risk Control Points for Newcomers
Prioritize trading mainstream coins (BTC/ETH): High manipulation costs, stable market, low risk of price spikes; small coins have extreme volatility, so newcomers should be cautious.
Focus on daytime trading (9:00-18:00): Around 3 AM is a high liquidation period, with unpredictable market behavior; newcomers should avoid this.
Core Advice for Practical Trading Contracts can earn quick money, but long-term profitability does not rely on luck; it fundamentally depends on three points: directional judgment + trading discipline + strict risk control. Newcomers should first practice the "no-loss skill," solidifying their risk control baseline, and then gradually explore profit logic to establish a stable footing.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trades from the Big White Community's group this week. Congratulations to those who followed along. If your trades are not going well, you can come and test the waters.
Data is real, and each trade has a screenshot from when it was issued.
**Search for the public account: *Big White Talks About Coins*
Bilibili and YouTube account: Daquan 777
BTC
Analysis
Summary of Bitcoin On-Chain Data for the First Week of December - Investors Continue to Buy, Sentiment Stable with No Panic Selling
During this phase, I prefer to look at simple data, especially the stock data from exchanges, which I check daily. Although BTC's price trend has not been good in the past two weeks, it is evident that many investors are still buying the dips. The stock of Bitcoin on exchanges over the past year shows this.
The weekly chart shows a bullish candlestick this week, with the overall direction continuing to maintain a sideways oscillation range. The key resistance above is the descending trend line (around 93,000), and the key support is near the lower Bollinger Band at around 88,000. The daily level maintains an upward channel, currently near the midline of the channel. The channel structure remains valid, with key resistance in the 93,500-94,000 area (descending trend line + last week's high), and key support at the lower channel line around 87,000. Daily indicators MACD and RSI show a golden cross, indicating continued upward movement; for short-term levels, pay attention to the 4-hour chart for short-term opportunities.
In the short term, on the 4-hour level, it is in a fluctuating upward channel, currently holding at the midline around 91,000. If it continues upward, watch for resistance at the neckline of the W bottom around 94,000 (also the upper channel area). If it breaks through, there is a chance to form a W bottom upward structure with a target around 103,000 (also the pressure of the consolidation platform).
If there is a pullback, watch for support near the lower channel line around 87,000, which should not be effectively broken; if broken, it may lead to a downward flag pattern.
ETH
Analysis
As of the first week of December, investors are still buying regardless of price, and the stock on exchanges continues to decline, indicating that the majority of investors' sentiment is very stable, choosing to buy the dips rather than panic sell. From the recent year's holding distribution, it can be seen that investors holding more than 10 BTC have consistently increased their positions throughout the year. Especially since we know that the stock on exchanges is declining, this increase is likely not from exchange wallets but rather from high-net-worth investors' own purchases, who are almost unaffected by price changes, maintaining a steady line.
Ethereum shows a bullish candlestick this week, with a large level in a rectangular oscillation range, waiting for directional choice. Key resistance above: 3200 (upper edge of the rectangle + trend line pressure), with support at the lower point of the rectangle below. The daily level saw a quick recovery after breaking the W bottom neckline, with three consecutive bullish daily closes, but the volume is average. The current price is near the midline of the upward channel, with the potential to break through strong resistance above the descending trend line: 3200-3250 (trend line + upper edge pressure), with support below at 2890 (lower channel line); on the 4-hour structure, it is still operating within a rebound channel; MACD and RSI show recovery momentum.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag; if there are any unclear points, feel free to consult.
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