Click on the link to enter the meeting: https://meeting.tencent.com/p/6321551049 The cryptocurrency market as a whole is in a sluggish state, with the annual growth rate basically smoothed out and even showing a slight negative growth. The price of Bitcoin (BTC) is hovering around $88000, while Ethereum (ETH) is around $2900-3000, with a total market value of around $3 trillion, a significant decline from its high point this year. 1: Overall market review and year-end slump - In 2025, the cryptocurrency market experienced a severe fluctuation of first rising and then falling. Although the Trump administration initially brought expectations of "pro crypto" policies, the slow implementation of actual policies, coupled with the hawkish stance of the Federal Reserve, tariff uncertainty, and macroeconomic liquidity tightening, led to a large-scale sell-off and liquidation at the end of the year. Bitcoin surged from its low point at the beginning of the year to a historical high of $126000 throughout the year, but has continued to decline since December, wiping out most of its gains. Funds are flowing into traditional safe haven assets such as gold and silver, and the narrative of Bitcoin's "digital gold" has not yet been effective. 2: Price and sentiment indicators - At the end of the year, there was strong market panic, and the Fear&Greek index remained in the "extreme fear" zone for a long time. Long term holders' selling pressure has eased, but overall investors are showing signs of surrender. 3: Institutional and Regulatory Dynamics - Institutional Activity Differentiation: The size of spot ETFs once exceeded $160 billion, but there was a net outflow at the end of the year. Although the Trump administration pardoned CZ and released pro crypto signals, it did not immediately establish a national Bitcoin reserve, disappointing market expectations. 4: ETH trend judgment: short-term rebound and upward trend, do interval consolidation within the box; The bottoming process may be completed. If it remains above $2900, I am optimistic about reaching $3080-3150-3300. Otherwise, it may fall back to the 2680 range. BTC trend judgment: Short term volatile upward trend, but high risk. If it remains above $85200, support long positions; If it breaks through $90000, it can reach $93300; Otherwise, it may fall back to the $80000 range. Tonight we will talk about the trend and layout of the market, teach indicators, deviate from techniques, follow the live broadcast room, take you through bull and bear markets, welcome to interact. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

[Zhipu AI Launches $560 Million Hong Kong IPO, Plans to List on January 8] Chinese artificial intelligence company Zhipu AI has launched its initial public offering (IPO) in Hong Kong, aiming to raise HK$4.35 billion (approximately $560 million) with an offering price of HK$116.2 per share. The company is expected to be listed on January 8, with an estimated valuation of HK$51.16 billion. Zhipu AI will become the first large language model (LLM) developer to be publicly listed in Hong Kong. Previously, it completed over RMB 8.3 billion in financing, with investors including Meituan, Alibaba, Tencent, and Xiaomi.

The bank raised its its price target on the shares to $24 from $9.50. What to know : KBW upgraded TeraWulf to outperform from market perform and lifted its price target from $9.50 to $24. The bank said AI and HPC leasing will eclipse bitcoin mining as the company's main earnings driver. Rapid EBITDA growth and valuation upside is expected as lease revenues scale.

[Jump Crypto Receives 9.28 Million LIT Airdrop Worth $24.2 Million] Jump Crypto received an airdrop of 9.2848 million LIT, valued at approximately $24.2 million. Since mid-November, Jump Crypto has been market-making on Lighter, with 323,900 LIT allocated to newly created wallets, possibly as market-making rewards, and the remaining LIT distributed to 24 associated accounts. This airdrop accounts for 0.93% of the total LIT supply and 3.72% of the circulating supply.

Long term holders have ended their 6-month Bitcoin sell-off and are now in a net buying state. （The Bitcoin Historian）