Recently, ETH has shown volatile movement, with prices fluctuating between December 9 and 10. Trading volume increased while prices declined, indicating growing selling pressure. On the technical indicators, MACD and KDJ show no clear direction, and short-term moving averages still provide support. Key levels include support at 2997 and resistance at 3424. Market sentiment is awaiting further direction.

【币界】比特币今天又有点波动。截至目前，BTC价格回落到90992.93美元附近，24小时内下跌了1.35%。不过交易热度还挺高的，单日成交量达到647.29亿美元。
这个价位算是短期内的一个关键点位。跌幅虽然不算大，但交易量摆在这儿，说明市场参与度依然活跃。接下来能不能守住9万美元这道心理关口，可能还得看大环境和资金流向。

December 11, the Cryptocurrency Fear and Greed Index rose to 29, up from 26 the previous day, indicating a slight improvement in market sentiment but still remaining in the "fear" zone. The index is calculated based on various factors such as volatility, trading volume, and social media activity.

Chief Market Strategist Chris Grisanti of MAI Capital Management in New York stated that a Federal Reserve rate cut is not guaranteed, and the future magnitude and timing are uncertain. He believes that the economy needs healthy development rather than relying on rate cuts to rescue the market.

The Federal Reserve announced in the latest FOMC statement that it will purchase $40 billion worth of Treasury securities in the next month, indicating that liquidity will not tighten in the short term. This could have a positive impact on the crypto market, and BTC and mainstream coins may benefit.

Recently, mortgage rates have become more volatile. Despite the Federal Reserve cutting interest rates, mortgage rates have risen due to market expectations of economic recovery and inflation. Changes in the 10-year Treasury yield directly impact mortgage rates, and the holiday season at the end of the year reduces real estate market activity. The interest rate trends in the coming months will be even more critical.

【BlockBeats】On December 10th, news came that ProCap Financial, a company focused on Bitcoin operations (Nasdaq code BRR), has increased its holdings again. They now hold 5,000 BTC, directly entering the ranks of major coin holders and ranking quite high in the open market. More importantly, they also have over $175 million in cash on hand—this move clearly leaves room for backup plans.
This increase in holdings was done quite cleverly: they realized some previous unrealized losses and converted them into tax tools to hedge against potential future gains. CEO Anthony Pompliano's words are straightforward: traditional capital allocation strategies are not incompatible with Bitcoin investment; optimizing taxes properly means real profits for shareholders. His statement is quite interesting: "The flood of wealth is coming, and Bitcoin is the ticket in."
From the actions of institutions, this kind of incremental accumulation combined with optimization

【比推】刚刚监测到一笔不小的动作——晚上9点09分左右，有个神秘钱包往Coinbase扔了超2000万枚WLFI，按当时价格算差不多304万美金。这种量级的转账通常意味着什么？可能是准备出货，也可能是机构在调仓。WLFI持有者可以关注下接下来Coinbase上的抛压情况。

[BitPush] At 3 a.m. on Thursday, the Federal Reserve will announce a new round of interest rate decisions. The market widely expects a 25 basis point cut, with the interest rate range falling to 3.50%-3.75%.
However, this time is a bit interesting—there are rare disagreements within the FOMC, with some voting members possibly voting against the rate cut. What's more complicated is that due to the government shutdown, key data for October are missing, so the SEP (Summary of Economic Projections) and dot plot are unlikely to change much.
What truly deserves attention is liquidity operations. After ending the balance sheet reduction, will they introduce a "Reserve Management Purchase Plan" (RMP)? Bank of America predicts that starting from January, they might buy around $45 billion worth of short-term government bonds each month; including MBS reinvestments, the scale could reach about $60 billion.
If the RMP is truly announced, the focus of this meeting might not be the interest rate path but rather how to manage the balance sheet. The sensitivity to liquidity

【Blockchain Rhythm】 Recently, a pretty interesting gameplay has appeared on the Pacifica platform—some people are making huge profits through high-frequency trading, not only earning points wildly but also actually turning a profit.
There is a trader with the address E8j5x, whose operations over the past month are simply outrageous: starting with a principal of $60,000, they managed to generate a trading volume of $540 million. That's 9,000 times the principal! Even more astonishing, this guy isn't just randomly trading; his account is steadily growing, with a total profit of $115,000.
This account has been dominating the leaderboard recently, ranking in the top three for both 7-day and 30-day trading volumes on the platform. It seems they have studied the points incentive mechanism thoroughly, maintaining high-frequency trading while controlling risk.
If you want to follow such experts' operations, there's now an AI copy-trading tool called Coinbob Pacifica you can try. This tool automatically tracks the actions of top traders, allowing you to follow and replicate their trades.

The Korean National Pension Fund recently increased its holdings of MicroStrategy's shares, bringing its holdings to $93 million, indirectly allocating exposure to Bitcoin. This action indicates a growing trend of traditional financial giants entering crypto assets through public companies.