Yesterday, Bitcoin reached a new high again, peaking at $107,793.

This time the rise of Bitcoin is mainly due to MicroStrategy's stock entering the Nasdaq 100 index, and their CEO Michael Saylor has announced a large increase in Bitcoin holdings.

This indicates that they believe Bitcoin at $100,000 is just the beginning, so they continue to buy in large amounts.

This is a clear event-driven action, but unfortunately, this driving force may not last long. If no new FOMO sentiment arises, there will likely be a demand for short-term market corrections.

Especially under the influence of the Federal Reserve's interest rate meeting and the Christmas market, investors may have risk-averse sentiments, and market liquidity may decrease.

This week marks the last super central bank week of the year, with a focus on interest rate decisions from the U.S. and Japan.

Regarding altcoins:

Among altcoins, most projects are being drained by Bitcoin, with an average drop of around 10%.

Today, cat performed the best, rising over 60% against the trend, mainly because it is about to be listed on Binance for spot trading.

In the past week, Bitcoin has begun to gather strength for an upward attack, pulling out 95% of the market’s liquidity, causing altcoins to fall without rising, including ETH, which has also stalled. This is a normal phenomenon, as there are currently no external funds flowing in, all are internal funds pushing up. Therefore, Bitcoin reaching the $109,300 range will likely have a few days of consolidation, let's see if altcoins can seize the opportunity to launch a strong rebound.

The outbreak of altcoin season needs ETH to boost its rise. In the past two days, I have observed that ETH has been seeking to break through the $4100 level, and it seems ready to push up. The upper range of $4250-$4350 should be easy to reach. Ethereum's push in the layer two series will naturally follow, and everyone can pick a few low market cap coins to enter.

Additionally, it is worth noting that 21Shares XRP Trust has completed registration, paving the way for the launch of the XRP spot ETF. FTX is collaborating with BitGo and Kraken to handle claims, with payment methods covering stablecoins and fiat currency. The restructuring plan is set to take effect on January 3, and the first round of compensation will be distributed within 60 days.

Currently, two exchanges have started to support FTX's compensation, mainly for fiat and stablecoin settlements.

This fund returning to users is a good thing, as some funds may re-enter the market, increasing liquidity. Over $10 billion of new funds entering the crypto market, let’s see if it can push Bitcoin to break $110,000.

As of now, what opportunities should we seize in this bull market?


Now I will analyze them one by one.

- Trump concept


➫ The Trump concept mainly refers to the currencies purchased by the Trump family's DeFi project WLFI (World Liberty Financial), aside from Bitcoin and Ethereum, they have also purchased LINK, AAVE, ENA, ONDO, all acquired via $COW.

╰ We can take a look at the recent performances of the above tokens, which have basically diverged from the altcoin trend and belong to the Trump concept trend.

╰ As an institution, they won't say they will always hold a certain coin or only buy currency. Therefore, when WLFI starts selling coins later, it will also have the same effect, users will follow and dump, just as quickly as it rises, it will fall just as fast. Additionally, when it falls, users will also dump the entire series of coins.


- hype ecosystem


➫ The hype concept refers to the Hyperliquid ecosystem, which falls within the primary market scope.

╰ The VC from the FTX system is currently supporting Hyper, quoting @AB Kuai Dong's chart.


- DOGE core assets


➫ The core DOGE assets are mainly led by $DOGE, along with other dog-themed coins like Neiro, Shib, Babydoge, etc. In the future, the overflow of funds from Doge is likely to flow into other dog ecosystems.


- AIMEME


➫ AIMeme is also a common topic. In terms of exchanges, key focuses can be ACT, GOAT, Virtual, etc.

╰ The AI concept has been the theme song in recent years, and there will definitely be continuous new concept tokens in this area. Currently, the traffic for AI in the primary market is still very large compared to traditional animal memes, and the mainstream meme traffic is still in the AI sector.

╰ Currently, there are many AI platforms and tokens that are favored at level one, such as AIXBT on the Virtual platform, ai16z on the Daosfun platform, etc.


- DESCI concept


➫ Desci is currently a relatively popular on-chain track. Currently, no tokens have been listed on Binance, but the scientific track is very hot and has a promising future, so it is highly likely that tokens in this sector will be listed in the future. It can also be considered an application token.

╰ RIF before and URO after, recently DRUGS have been attracting attention on-chain.



- RWA

And the RWA mentioned yesterday, this big institution BlackRock has already come out to promote it, the heat will definitely continue:

Leading tokens: ondo, token, polyx, rsr

Choose your favorite positions and hold for the long term.

Take it one step at a time, closely follow the trend, even I, a pig, can climb a tree 🔥

I hope my followers can reach their goals during this bull market 🎯