The altcoin season has quietly arrived. Families, hold on to your chips; let's all go A8 together. The 16 billion compensation from FTX has created huge buying pressure, giving birth to the altcoin season. Stock god Buffett has bottomed out with over 500 million stocks and is optimistic about the first quarter market. It is expected that by the end of January 2025, Ethereum and Solana will drive the entire altcoin market to take off.
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To summarize today's key points:
1: Currently, the Bitcoin daily chart has not seen a bottom; the 4-hour chart is still consolidating. Short-term pressure is at 98,200. Large BTC spot holders are bottom fishing with an average price of 95,655, with 100 million dollars at that point becoming short-term support.
2: In the coming weeks, BTC will still experience a C-wave decline, so a conservative approach is recommended in the short term.
3: On December 27, BTC will see the largest options expiration event in history, which will result in significant volatility.
4: Zen currently has Grayscale increasing its holdings for the third time, showing a very strong trend. Pay attention to the coins that Grayscale is increasing on their official website.
5: The Trump family has been crazily buying DeFi-related coins this month, including ETH1, AAVE, LINK, and ENA. Not sure what they bought, but follow along with the knowledgeable ones.
6: A giant whale has bottomed out with 30,795 LINK, which is also a good asset to allocate.
7: FXS has positive news about collaboration with BlackRock.
8: Another giant whale has bottomed out with 9 million ENA staked, which is worth allocating at a low price and operating with the market makers.
