This week, the pulse of the global financial market is tightly gripped by three major events: the strong U.S. non-farm payroll report, the upcoming U.S. CPI inflation data, and the almost certain historic interest rate hike by the Bank of Japan. These three events point to a core proposition — the tide of global liquidity is accelerating its retreat. As one of the assets most sensitive to liquidity, Bitcoin ("big coin") is falling from the altar of "digital gold," exposing its nature as a global high beta asset.

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A mysterious address that once held over 50,000 bitcoins and had been dormant for eight years has invested hundreds of millions of dollars into Ethereum leveraged long positions within a week, causing a huge stir in the cryptocurrency market. Late at night, a transfer of $70 million was made from a Binance wallet to the decentralized derivatives exchange Hyperliquid. Subsequently, a 5x leveraged Ethereum long position was quietly established, with an average entry price of $3,048. This is just the beginning. In the following days, this

A market crash dragged him from the heights of floating profits of tens of millions of dollars into the abyss of consecutive liquidations, with his account balance once plummeting to just $1,718. This former Chinese hip-hop pioneer staged a thrilling "zeroing out" act in the crypto contract market. After the market crash on October 11, this crypto whale has already experienced a total of 200 liquidations, with total losses exceeding $22.88 million. As of December 16, his account balance on Hyperliquid was only $53,178. He still recently...

Wosh recently advocated for lowering interest rates, but he is more hawkish on the balance sheet issue.

The direction of cryptocurrency asset regulation in the United States is undergoing a fundamental shift. On December 15, 2025, the U.S. Securities and Exchange Commission (SEC) cryptocurrency task force held a closed-door roundtable meeting on financial monitoring and privacy. This meeting, along with a series of new policies that the SEC plans to launch in the second half of 2025, clearly outlines a path from a strict "enforcement regulation" to seeking "dialogue regulation" and "compliance innovation." This is not just an adjustment in regulatory philosophy.

The market is shifting from an emotion-driven cyclical game to a structural differentiation phase dominated by compliant channels, long-term capital, and fundamental pricing.

BBX disclosed that traditional financial giants have established substantial exposure, while crypto-native enterprises continue to delve deeply into vertical fields. These two paths are jointly shaping the future landscape of the market.

In the midst of ongoing fluctuations in the Bitcoin market, with most investors choosing to wait and see, one company has spent nearly $2 billion in just two weeks to increase its holdings by over 21,000 Bitcoins. Behind this bold move is a story of walking a tightrope between survival and expansion. From December 8 to 14, Strategy acquired 10,645 Bitcoins for approximately $980.3 million, with an average price of $92,098 per Bitcoin. Just the week before (from December 1 to 7), the company

1. CEX Popular Cryptocurrencies CEX Trading Volume Top 10 and 24-Hour Price Change: BTC: -2.82% ETH: -3.88% SOL: -3.01% MET: -0.59% BNB: -3.11% ASTER: -14.99% DOGE: -4.21% XRP: -4.64% ZEC: -1.98% XPL: -14.19% 24-Hour Price Increase Ranking (Data Source: OKX): DGB: +15.1% NFT: +10.27% PARTI: +...

Despite a correlation with major cryptocurrency tokens as high as 0.9, small-cap tokens have failed to provide any diversification value.

Brother Ma Ji's increased ETH long position on Hyperliquid was liquidated, resulting in a loss of over $22.7 million. Federal Reserve officials support interest rate cuts due to slowing employment and easing inflation risks. The Trump family-supported American Bitcoin has increased its holdings by 261 BTC. China and Singapore are collaborating to advance blockchain technology.