Today the market is all in the red. Here are a few indicators to observe:
1. The inflow of funds into Ethereum ETFs is getting weaker, resembling several past Christmas market trends, indicating that buyers need to take a break;
2. Due to the Penguin token airdrop, there is a dual bloodsucking effect on the NFT and altcoin markets, forcing the market to contribute the limited liquidity available to maintain these high market cap circulations;
3. The large long positions at Bitcoin 99,000 and Ethereum 3,800.
