The recent market volatility has been quite interesting. Traditional precious metals have plummeted—NY Gold futures dropped over 1%, but that’s not even the most outrageous; Silver futures plunged by 8.91%, and London spot silver was even more brutal, falling 6.08% in a single day. Silver has been declining from its intraday high, ultimately closing down more than 9%, and gold didn’t fare much better, dropping 4.44% for the day to close at approximately $4,331 per ounce.

This drop dealt a significant blow to investors who chased high positions, especially retail traders with full leverage short-term bets, who were directly wiped out. Market sentiment was indeed quite tense for a while.

Interestingly, the cryptocurrency market was singing a different tune at the same time. Bitcoin approached $89,000, and Ethereum broke through $3,000, with the entire sector showing a broad rebound. Meme coins led the rally, with Pepe even topping the gainers list, and once-popular altcoins like AVAX and SSV also started to regain activity.

From institutional movements, Metaplanet continued to add positions in Q4, acquiring an additional 4,279 Bitcoin, bringing their total holdings to 35,102 BTC. This sustained strategic positioning somewhat reflects institutional confidence in the long-term outlook.

Market hot spots are rotating again, with sectors previously dismissed as "zeroed out" by some opinions making a strong comeback, with activity levels significantly rising. Looking ahead to 2026, new structures and opportunities may be brewing. The key is to stay alert and adapt flexibly to market changes.