#中本聪 #美联储回购协议计划 #比特币流动性
Last week was a standard "mine-clearing week" for global markets. Important data, central bank decisions, and option expirations were gradually released. US stocks initially fell and then rose, with short-term uncertainty basically digested, and market sentiment noticeably warming. Bitcoin is still in a consolidation phase, having retraced more than 30% from the October high of $126,000, currently oscillating around $85,000 to $90,000 without a clear reversal signal.
From the perspective of chip dynamics, long-term holders continue to reduce positions, and retail investors continue to withdraw, but DATs and whale funds are still quietly accumulating. Although there is no clear winner between bulls and bears, overall selling pressure is easing. After macro liquidity improves, trading activity shows signs of recovery, and BTC still has a chance to test $94,000 again in the coming weeks.
On the macro front, the US job market is cooling, and inflation is retreating, as the market gradually forms a consensus of "mild recession + soft landing." CPI significantly fell below expectations; although there are concerns about statistical bias, the market still bets on two possible interest rate cuts in 2026. After the Bank of Japan's interest rate hike, it has taken a dovish stance, and the risk of yen shocks has decreased, allowing global markets to return to their original rhythm.
On-chain data shows that selling is still ongoing, but the most intense phase has passed; the real key is whether buying power returns. In the short term, watch the capital flow of ETFs and stablecoins, while in the medium term, focus on whether Bitcoin designed by Satoshi Nakamoto can return to the range of $94,000 to $103,000. The market has begun to anticipate a "Christmas rally," but the true direction will still be determined by time and capital.
With the arrival of January 3rd, the anniversary of Satoshi Nakamoto's Bitcoin issuance. Chinese meme coins → Satoshi Nakamoto's popularity is rising. Wallets are approaching 12,000, and Binance wallets are nearing 5,000.
The best Christmas gift → Satoshi Nakamoto, have you invested?
