The decrease in inflow and tight supply is cooling the derivatives market, reshaping liquidity dynamics and creating unique accumulation opportunities for strategic investors.
Structural strength at the $120 price level: Convergence of on-chain signals
120 USD is not just a technical benchmark, but also a structural key point. On-chain data shows that there has been a significant redistribution of supply.
Transferring from the exchange to a self-custody wallet has historically been associated with the accumulation phase. Major shareholders are reallocating assets at this price level, indicatin

Sunday midnight Bitcoin Ethereum market analysis and summary of this week
On Monday, the market is about to start a new round of trends, and opportunities have clearly emerged. The market is never short of volatility; what is lacking is prior preparation and decisive action. With a clear direction and a calm mindset, once the trend starts, it is the moment to seize opportunities. Do not wait until the trend ends to regret missing out; seize the moment, as opportunities are right now.
From the Bitcoin market perspective, the four-hour level did not continue to show strong upward volume after a

1. Federal Reserve Rate Cuts: The Easing Path After Rate Reductions
On December 11, the Federal Reserve announced a 25 basis point rate cut as scheduled. On the surface, this decision was highly aligned with market expectations and was even interpreted at one point as a sign that monetary policy was beginning to shift toward easing. However, market reactions quickly cooled, with US stocks and cryptocurrencies declining in tandem and risk appetite noticeably shrinking. This seemingly counterintuitive trend actually reveals a key fact in the current macro environment: rate cuts do not automatica

The market is currently in a state where large assets have broken below key support levels, potentially leading to further declines. Unfortunately, there are no signs of recovery in the short term, and investors must accept this reality to move forward.
Ethereum Losing Substance
Ethereum is trending downward and is no longer in a clear trend. The daily chart clearly shows the market structure: Ethereum failed to hold the high after the rebound, breaking below important moving averages, and is now undergoing orderly, non-panic selling. This is not a sign of capitulation but rather a distributio

Solana enters a critical phase on the daily chart, with price action being squeezed between a key resistance level above and a strong support layer below.
Recent daily closing prices have slowly declined from the mid-$140s, but selling pressure is weakening, suggesting market momentum may be about to shift. Whether the market ultimately breaks upward or downward largely depends on the interaction between the price and the most active liquidity clusters in the order book.
Short-term trend weakening but showing initial stabilization
Solana is still below the 9-day and 20-day moving averages, a p

Solana enters a critical phase on the daily chart, with price action being squeezed between a key resistance level above and a strong support layer below.
Recent daily closing prices have slowly declined from the mid-$140s, but selling pressure is weakening, suggesting market momentum may be about to shift. Whether the market ultimately breaks upward or downward largely depends on the interaction between the price and the most active liquidity clusters in the order book.
Short-term trend weakening but showing initial stabilization
Solana is still below the 9-day and 20-day moving averages, a p

Bitcoin prices are steadily rebounding along with the overall recovery of the crypto market. This largest global cryptocurrency has retaken the $92,000 mark on Wednesday. Despite the strong rally, contrarian moves by core investors have sparked market doubts about the sustainability of this rebound.
Whales Slam the “Braking” on Bitcoin Bullish Momentum
As Bitcoin prices see a slight recovery, the derivatives market shifts again due to investors’ sudden strategic retreat. On-chain data shows that large Bitcoin holders (the “whales”) are massively exiting long positions, with a significant incre

The Federal Reserve's third "hawkish rate cut" of the year has been implemented, and the cryptocurrency market responded with a decline. Bitcoin and Ethereum continued to fall throughout the day, giving back all gains since Tuesday. During the Asia-European trading session, prices hovered at lows without any rebound, and market sentiment turned bearish.
Before and after the US market opened, the market reversed due to dual positive signals. The number of initial jobless claims in the US rose by the largest weekly increase since the pandemic, reinforcing expectations of rate cuts amid weak empl

In a turbulent cryptocurrency market,
Ethereum has become a rare example of institutional resilience. Despite facing macroeconomic headwinds and regulatory uncertainties, its foundational role in Web3 infrastructure and decentralized finance(DeFi) continues to attract strategic capital. For investors seeking a balance amidst yield-driven capital inflows and macroeconomic volatility, Ethereum offers a compelling case demonstrating how to strike a balance between risk and reward.
Macroeconomic Sensitivity and Institutional Preferences
Ethereum's price trajectory in 2025 is closely tied to global

Bitcoin’s price movements are fluctuating along with the Federal Reserve’s final policy decision of the year. On the surface, the price appears to show little volatility, but the market’s underlying structure is showing a completely different dynamic.
Beneath this seemingly stable price range lies a period of concentrated pressure: on-chain data shows investors are losing close to $500 million per day, leverage in the futures market has dropped sharply, and nearly 6.5 million bitcoins are currently in an unrealized loss state.
This situation resembles the late stage of past market contractions

Bitcoin’s price movements are fluctuating along with the Federal Reserve’s final policy decision of the year. On the surface, the price appears to show little volatility, but the market’s underlying structure is showing a completely different dynamic.
Beneath this seemingly stable price range lies a period of concentrated pressure: on-chain data shows investors are losing close to $500 million per day, leverage in the futures market has dropped sharply, and nearly 6.5 million bitcoins are currently in an unrealized loss state.
This situation resembles the late stage of past market contractions

An outlier has just appeared in the XRP derivatives market, the kind of statistical anomaly that makes you stop and double-check whether the number is real. According to a report from CoinGlass, the liquidation heatmap shows a four-hour chart with a 29,668,367% liquidation imbalance, with long liquidations reaching $175,000 while shorts only generated $588.
Such a lopsided spread essentially confirms the main signal that the chart has been flashing: shorts are currently not taking XRP seriously.
Source: CoinGlass
This morning’s weakness in the XRP price action hasn’t changed the situation. XRP

Summary
Today’s Market Update: HTX DeepThink: US-Japan macro trends shift abruptly, sentiment recovery during BTC pullback remains fragile; Fed expected to cut rates by 25bp this week, Powell may stress high bar for rate cuts next year.
I. Evening News
1. HTX DeepThink: US-Japan macro trends shift abruptly, sentiment recovery during BTC pullback remains fragile
On December 8, HTX DeepThink columnist and HTX Research analyst Chloe pointed out that as the year-end approaches, the global macro environment has become more volatile due to diverging US-Japan policies, putting adjustment pressure on

Especially when confirming the presence of a support level.
Replenishment opportunity: If the market experiences a brief pullback without breaking below the $4,194 support level, investors may consider adding to their positions as appropriate.
Selling strategy:
Sell at highs: When the price approaches the high of $4,249.56, consider locking in some profits. If the market breaks through this high and sustained buying support exists, you may choose to continue holding.
Stop-loss measures: It is recommended to set a stop-loss near the opening price of $4,213.85 to prevent losses from unexpected d

USDC’s price performance has remained relatively stable. Recent candlestick data shows that USDC’s highest price was 0.9999, the lowest was 0.9995, and both the opening and closing prices were 0.9996, with a price change of 0.0%. This stability is attributable to USDC being a stablecoin, which typically closely tracks the US dollar exchange rate and is subject to lower volatility.
Meanwhile, it is worth noting that recent market news has revealed a Bitcoin showdown between two whales. On one side, whale “0x50b3” opened a long position with 20x leverage, valued at $27.5 million, with an entry p

On Friday, Bitcoin prices hovered around $92,000 after another failed attempt overnight to break through the $93,000 mark, continuing the choppy and directionless trend seen over the past several trading days.
This move reinforced the pattern that has existed since late November: sellers defending in the mid-$93,000 range, and buyers stepping in around $91,000, with neither side gaining enough momentum to establish a clear trend.
A one-month chart shows Bitcoin prices remain in a downtrend since early November’s highs, with the latest rebound producing another lower high. Prices peaked near $9

Solana (SOL) faces a critical turning point in November 2025, with its price hovering near the key support level of $120. This level, reinforced by Fibonacci retracement and historical trading volumes, has become a focal point for on-chain activity and institutional sentiment. Meanwhile,
Reduced inflows are tightening supply, and a cooling derivatives market is reshaping liquidity dynamics, creating a unique accumulation opportunity for strategic investors.
Structural Strength of the $120 Level: Confluence of On-Chain Signals
The $120 mark is more than just a technical benchmark—it is a struct