币圈魁哥eth

❄️ Good morning, the snow is falling outside the window, and the on-chain market is also experiencing a wave of "cooling". Last night (December 11), the Fed's "hawkish rate cut" put pressure on risk assets, leading to a pullback in the cryptocurrency market. Here are the main points to note:

📉 Overall market pullback
Affected by the macro environment, mainstream tokens have generally declined. According to today's market data, Bitcoin (BTC) once fell below $90,000, and Ethereum (ETH) dropped over 2.8%. Some mainstream altcoins like AVAX and DOT experienced even larger pullbacks.

👀 Notable trends to watch
In addition to the overall decline, there are a few points worth paying attention to:

On-chain asset movements: One notable trend is that the U.S. government transferred part of the assets confiscated from FTX/Alameda yesterday, including approximately $6.43 million worth of Ethereum (WETH) and $13.58 million in BUSD. Such large-scale on-chain transfers usually draw market attention to potential selling pressure.

Ecosystem narrative heat: Amid the overall adjustment, some ecosystem narratives remain hot. For example, the trading volume of tokenized stocks on the BNB Chain has significantly increased recently, with daily transaction amounts processed through Bitget exceeding $60 million at one point. This indicates that the niche track of traditional assets on-chain (RWA) is still maintaining activity.

💡 Participation thought reference
In such a market environment, one can:

Stay patient: The market is short-term driven by macro sentiment, so it’s advisable to patiently observe the performance of key support levels.

Monitor on-chain data: The subsequent flow of large assets like the U.S. government wallet (such as whether they are transferred to exchanges) may become a signal for short-term price fluctuations.

Look for structural opportunities: During market adjustments, focus on those with solid fundamentals or popular tracks like RWA that have ongoing narratives, looking for opportunities.

Overall, the current market is in a digestion period for macro news. Short-term fluctuations may provide a window for observation and reallocation.

If you are more interested in the niche track of tokenized assets (RWA) or movements in a specific ecosystem, I can provide you with more detailed analysis.
#BTC #ETH #BNBChainSunset