Two major institutions simultaneously released information today 🍃. The head of GSR stated that the leveraged positions have been fully realized, and Coinbase also mentioned that last month's sharp decline is a healthy adjustment.
📊 Key Data:
· Perpetual funding rates turned negative, and bulls are hesitant to charge forward.
· The overall market leverage ratio dropped from 10% to about 5%.
· Bitcoin holdings decreased by 16% month-on-month.
· The US Bitcoin ETF saw a net outflow of 3.5 billion last month.
Historical patterns show that after signals of "low leverage + negative funding rates" appear, there is an 80% probability of a rise exceeding 15% within 1-2 months.
🌅 Current Atmosphere:
· Expectations for interest rate cuts are strengthening 一起来社区聊meme
· Institutions are discreetly positioning themselves.
· The number of addresses holding long-term has increased → Veteran investors may be bottom-fishing.
· The popularity of community coins like PU PP IE S on the Ethereum chain is gradually rising.
⚠️ Be aware of risks:
Federal Reserve's resolution in the early morning, changes in US crypto legislation, year-end institutional capital movements.
The market is at a contradictory point: retail investors are observing, while institutions are lurking. Do you think this year's end market has potential? Let's chat! 👇
#ChristmasMarket #BottomFishingSignal
