http://Greeks.Live Chinese Community Daily Briefing Daily Report ===== Release Date: 2025-12-03 Overall Market Sentiment ===== The group is cautiously bullish overall, focusing on the two key resistance levels of BTC 93000 and ETH 3000. Most traders believe that the Asian session's trading volume is relatively weak. Although the rebound is strong, its sustainability is questionable. Some members are concerned that the 'gray rhino' event of a potential yen interest rate hike could lead to a market pullback. Hot Topics ===== • ETH remains under pressure, and the market outlook for it is generally pessimistic. Traders believe ETH 3K is a clear gamma resistance level, making it difficult to break through in the short term. Shorting IV has become the mainstream strategy. • The ETH lending pool being completely borrowed out has drawn attention. On-chain activity is sluggish and has been likened to a "ghost town," similar to Evergrande's real estate developments. Many members suggest shifting focus to SOL, arguing that ETH lacks independent market momentum under BTC's shadow. • While ETH still has practical value as a multisig wallet for storing stablecoins, this demand is insufficient to support its trillion-dollar market cap expectations. The Base chain is considered to perform better in payment scenarios.