Daily News | BTC Fell Within A Narrow Range, While the AI ​​Meme Sector Rose Collectively

Crypto Daily Digest: AI concept meme coins generally rose, and giant whales increased their holdings of AIXBT again

According to data from Farside Investors, the U.S. Bitcoin spot ETF had a net outflow of $378 million yesterday. Fidelity FBTC had a net outflow of $154 million, Grayscale GBTC had a net outflow of $134 million, and BlackRock IBIT data has not been updated yet.

Yesterday, the US Ethereum spot ETF had a net outflow of $55.5 million. Fidelity FETH had an outflow of $20.4 million, Grayscale ETHE had an outflow of $17.4 million, and BlackRock’s ETHA data has not been updated yet.

Analyst: Trump’s January 20 inauguration may be a signal for Bitcoin to hit bottom

CoinDesk analyst James Van Straten posted that U.S. Treasury Secretary Janet Yellen sent a letter to congressional leaders stating that the Treasury Department expects the United States to hit the debt ceiling as early as January 14-23, 2025, and may need to take “ “Special Measures” to prevent the federal government from falling into debt default.

Raising the debt ceiling has historically been a negative sign for Bitcoin, and in the past five such instances, Bitcoin has declined or underperformed in the days that followed.

Since the cycle low in November 2022, Bitcoin has moved in line with the previous two cycles. The 2018-2022 and 2015-2018 cycles both saw significant retracements at this point in the cycle. Trump’s January 20 inauguration could serve as a bottom signal for Bitcoin.

Whales/institutions that accumulated $49.89 million in profits from AAVE and UNI once again increased their holdings of AIXBT by $1.3 million

According to monitoring by on-chain data analyst Ember, whales/institutions that have accumulated $49.89 million in AAVE and UNI are still buying AIXBT through Wintermute, and continued to receive 2.61 million AIXBT (approximately $1.3 million) from the Wintermute address 3 hours ago. .

Since December 4, this whale/institution has transferred a total of 6.1 million USDC to Wintermute, and then received 12.99 million AIXBT (approximately $4.26 million), 31.25 million NFTXBT (approximately $500,000), etc. from the Wintermute address. Among them, AIXBT now has a floating profit of $2.15 million (+50%).

AI concept meme tokens are generally rising, and ELIZA rose by more than 67% in 24 hours

According to GMGN data, AI concept Meme tokens have generally risen, including:

-ELIZA rose 67.3% in 24 hours, with a market capitalization of $136 millio；

-ai16z rose 39.23% in 24 hours, and its market cap is now $1.86 billion;

-FARTCOIN rose 58.42% in 24 hours, and its market cap is now $967 million;

-ZEREBRO rose 41.05% in 24 hours, with a market cap of $576 million;

-ARC rose 29.1% in 24 hours, with a market cap of $340 million;

-GRIFFAIN rose 31.6% in 24 hours, with a market cap of $270 million.

Market Trends: ELIZA surged 60% within the day, HYPE launched staking function

Market Hotspots

Meme sector ELIZA, GOAT, PNUT, etc. rose, with ELIZA leading the sector with a 60% increase. ELIZA is an ai16z-related project, and its github update volume ranked first in December; ELIZA’s current circulating market cap is $130 million, ranking 474th in the entire market. Compared with other AI concept projects, ELIZA may still have some room for growth;

This month’s hot project Hyperliquid launched the HYPE staking function, and the market cap of HYPE has stayed near $9 billion for a week; the current circulation of HYPE is only about 33%, and the full circulation market cap is as high as $27 billion.

Mainstream Coins

BTC has fallen for three consecutive weeks, but the overall adjustment is not significant. BTC ETF outflows have increased in the past two weeks, and it is estimated that January may still be in a volatile market;

ETH performed relatively well and remains near $3,350. The Altcoin season needs to wait for the ETH/BTC exchange rate to reverse;

Altcoins generally fell, and there are few market hot spots. The AI ​​sector deserves long-term attention.

Macro News: Three major U.S. stock indexes closed lower, Goldman Sachs predicts the Fed will cut interest rates again in March

The three major U.S. stock indexes collectively closed down, with the S&P 500 falling 1.07% to 5,906.94 points; the Dow Jones index falling 0.97% to 42,573.73 points; and the Nasdaq falling 1.19% to 19,486.79 points. The benchmark 10-year U.S. Treasury yield is 4.55%, and the 2-year U.S. Treasury yield, which is most sensitive to the Fed’s policy rate, is 4.24%.

Goldman Sachs issued a report predicting that the Federal Reserve will cut interest rates again in March next year by 25 basis points, and then cut interest rates by another 25 basis points in June and September next year, with the endpoint interest rate being 3.5 to 3.75%. The bank also expects the Fed to slow its balance sheet shrinking next month and stop shrinking its balance sheet in the second quarter.