Cryptocurrency News
December 21 Hot Topics:
1. Ethereum Foundation: Focus on security development, plans to implement 128-bit security standards by 2026.
2. Coinbase CEO: Stock trading officially starts today, details to be announced soon.
3. Bipartisan members of the U.S. House of Representatives propose a cryptocurrency tax framework, involving stablecoins and staking rewards.
4. BlackRock CIO Rick Rieder to be interviewed for the position of Federal Reserve Chair at Mar-a-Lago.
5. Compensation plan ruling finalized, Musk becomes the world's first person with a net worth exceeding $700 billion.
Trading Insights
What I understand about a safe haven is that during our journey at sea, we will always encounter strong winds and waves. At this time, having a safe haven to temporarily rest and exchange insights with other travelers is a good choice. For example: which sea areas have which fish, and which sea areas have legendary treasures, and so on. The safe haven I provide is similar; on this trading journey, we continuously exchange insights and opinions on position planning, which is also quite good. But you, my friend, will eventually have to leave the safe haven and sail alone. I can only tell you which sea areas have fish, but I cannot tell you how many you can catch. Similarly, I can tell you that shorting can yield profits, but I don't know how much you can eat. The helm is in your hands; the world is yours. Let us traverse the bull and bear markets together and win in both long and short positions.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading group orders from the Big White Community this week. Congratulations to the friends who followed along. If your operations are not going smoothly, you can come and test the waters.
The data is real, and each order has a screenshot from the time it was issued.
**Search for the public account: *Big White Talks About Coins*
Bilibili and YouTube account: Daquan777
BTC
Analysis
Bitcoin is an asset whose core production factor is electricity. When electricity prices continue to rise, the marginal cost of the entire network's computing power is systematically raised, and the breakeven point for mining shifts upward.
However, from my personal perspective, this will not lower the long-term value of BTC; rather, it continuously raises the lower limit of BTC prices. As electricity prices rise, inefficient miners and high-cost miners are forced to exit, concentrating computing power on more efficient and lower marginal cost entities, which forces the supply curve of BTC to rise in the long term.
Of course, some friends say that mining can be done outside the U.S., which is fine, but it should be noted that the electricity consumption brought by AI and computing power is also seeking low electricity prices outside the U.S. From a long-term perspective, the increase in global average electricity costs is unavoidable. Ultimately, it is highly likely that the prices of products based on electricity as a fundamental cost will rise.
In simpler terms, the price of BTC will gradually increase as electricity prices rise: traditionally, the average shutdown price is down 20%.
A pullback to around 87460-87210 can be a good opportunity to go long, with a rebound target around 88400.
ETH
Analysis
The increase in electricity prices in the U.S. is almost twice the rate of inflation, and this round of rising electricity prices is not a traditional energy cycle but is driven by structural changes in demand.
This round of increased electricity demand is partly due to AI data centers, cloud computing, and high computing power, while grid upgrades, energy storage construction, and the integration of new energy sources have also raised transmission and distribution costs. Moreover, this cost increase is almost reversible unless the U.S. abandons its plans to become an AI center.
A pullback to around 2908.8-2886 can be a good opportunity to go long, with a rebound target around 2940-3050.
Disclaimer: The above content is purely 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 you have any questions, feel free to consult.
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