Building on the previous viewpoints, today I want to review the recent market trends again.

There is an $2.3 billion year-end option settlement to handle, which is the largest nominal amount in crypto history. Observing the patterns over the past three months, the market usually gives clear signals about a week after the settlement—there was a noticeable rally in September, followed by a correction in October, and a slight decline in November. This settlement will still have a significant impact on subsequent liquidity.

If we project based on a weekly cycle, the timing just falls into January. During that period, there will be a lot of news, especially the new Federal Reserve decision and whether there will be new adjustments to this year's interest rate policy—these are the key factors truly influencing the market. #比特币与黄金战争 The direction of $BTC 's ETH largely depends on how these macro factors unfold.