LiquidityWitch

【Blockchain Rhythm】Last week, despite the arrival of the Christmas holiday, precious metals experienced a series of spectacular market movements. Gold, silver, and platinum continuously hit record highs. Spot gold reached a high of nearly $4,550 per ounce on Friday, continuing the streak of record-breaking levels since the beginning of the year, with a cumulative increase of over 70%. Silver's performance was even more aggressive—surging over 10% in a single day on Friday, breaking through the integer threshold and surpassing $79 per ounce.
What is behind this frenzy in safe-haven assets? The rising risk aversion sentiment and the anticipation of interest rate cuts resonated as the core factors supporting the continued rise of precious metals.
Next, there are three key economic data points to watch: Tuesday at 3:00 AM, the Federal Reserve will release the minutes of its latest monetary policy meeting, which usually signals market direction; Wednesday at 21:30, the US initial jobless claims will be announced, reflecting the health of the labor market; Friday at 22:45, the US December manufacturing PMI

【Crypto World】Solana co-founder Anatoly Yakovenko recently shared some thoughts on 2026 on social media, which are quite interesting. He believes there will be major movements in stablecoins, with a scale breakthrough of over $1 trillion already a certainty. This can be seen from the explosion of DeFi last year—both institutions and retail investors are pouring money into stablecoins.
Additionally, he has a relatively rational attitude towards quantum computing and controlled nuclear fusion, thinking that these two technologies will remain largely unchanged by 2026, with a low short-term probability of real-world implementation. This shows he has a clear understanding of the timeline for technological progress.
What's even more interesting is his strong optimism about AI. He predicts that AI will solve a problem that has puzzled humanity for thousands of years by 2026. Although he didn't specify which problem, it sends a powerful signal—that AI development is beginning to touch on deep-seated issues.
In terms of hard technology, he also mentioned humanoid robots.

Cardano founder Charles Hoskinson believes that Solana's development has surpassed Ethereum, mainly due to its excellent transaction processing capabilities and rapidly growing tokenized stock value. Despite Ethereum's solid DeFi ecosystem position, Solana's performance in the high-speed blockchain race is worth watching, and future competition will depend on ecosystem development and innovation capabilities.

Tyler Winklevoss believes that Bitcoin will be regarded as "Gold 2.0," reflecting the consensus among seasoned investors. As a digital asset, Bitcoin has advantages in scarcity and store of value, gradually being incorporated into institutional investors' asset allocations, demonstrating its long-term value proposition.

【Crypto World】BTC 4-hour K-line recently showed an interesting rebound pattern. Compared to the low point at 04:00 on December 26, the price has experienced a significant decline but has already recovered from the position at 20:00 on the 25th. The latest K-line pattern is a small bullish candlestick, with the closing price breaking above the opening price, indicating that although the bears are exerting pressure, the bulls are attempting to resist.
However, the trading volume performance is somewhat alarming. The trading volume in the past few hours has been continuously shrinking and has significantly declined compared to earlier. This is a typical volume-price divergence—prices are rising, but the momentum is waning, suggesting that this rebound may not be sustainable.
Technical indicators provide more intuitive signals. The MACD histogram has remained positive, but its width is gradually decreasing, indicating that the bullish momentum is gradually weakening. The KDJ indicator is currently in the neutral zone at 56, with no clear golden cross or death cross signals, indicating a consolidation phase. Overall, the market currently shows no clear direction.

【BitPush】Senior analyst Christopher Aaron recently highlighted a noteworthy signal: the ratio of the Dow Jones Industrial Average to gold has reached its fourth major turning point.
What does this mean? Put simply—gold may experience several years of sustained strength, and investors who cling to traditional industrial stocks like the Dow or S&P 500 might need to prepare for long-term losses.
Data supports this assessment: the DJIA-to-gold ratio measures how many ounces of gold are needed to buy one share of each of the 30 components of the Dow. Historically, there have been three critical inflection points—1930-1933, 1968-1980, 2002-2011. Based on the average cycle pattern, during this cycle, the Dow relative to gold could decline for 9.3 years, with a drop of up to 90.5%.
What’s even more alarming is that Aaron believes this could be the most severe one in history.

【CryptoWorld】The holiday shopping season has become a test of consumers' wallets. UK consumers are expected to spend as little as £3.6 billion on Boxing Day this year, a £1 billion decrease compared to last year. Even more disheartening is the participation rate—only 26% of people plan to continue shopping, down from 28% last year. Although the difference seems small, it reflects a significant decline in consumer willingness.
Interestingly, despite fewer participants, the average spending per consumer who continues to shop has increased to £253. What does this indicate? It's not a matter of purchasing power, but selective consumption.
The root cause is straightforward: nearly 70% of consumers cite tight budgets. Banking institutions point out that these cost pressures mainly stem from rising living expenses. To make matters worse, recent tax policy adjustments—freezing the income tax threshold and increasing tax rates—further squeezed consumers' disposable income. As a result, consumer confidence index in the budget plan

A leading DEX recently approved a proposal to burn 100 million tokens and introduce a protocol-level fee switch mechanism. This change could impact liquidity providers' earnings and raise concerns about liquidity migration. The market is focused on whether liquidity will flow out and the implementation of fees to assess the effectiveness of the reform.

Infinex founder Kain Warwick explained the reasons for lowering the valuation of the INX token and the fundraising target, mainly to respond to negative market sentiment and community feedback. In the new market environment, the FDV was cut from $300 million to $99.99 million, and the fundraising goal was adjusted to $5 million, reflecting the project's emphasis on market sentiment and listening to community opinions.

A fintech company has applied for listing on the Hong Kong Stock Exchange. Its business covers software development, consulting, and system integration, with a focus on payment systems, blockchain, and AI technology applications, demonstrating that traditional finance is gradually integrating into Web3 and AI, driving innovation in financial services.

The Marshall Islands will launch a Universal Basic Income (UBI) program in 2025, distributing basic income through the Stellar blockchain, funded by the Compact Trust Fund. This program is open to all citizens, with no income restrictions and flexible disbursement. At the same time, a digital sovereign bond USDM1, anchored to short-term U.S. Treasury bonds, has been introduced, combining traditional finance with blockchain technology to explore on-chain stablecoin applications.

The winners in the 2025 crypto market include stablecoins, prediction markets, and traditional financial institutions. Stablecoins perform outstandingly, meeting users' financial needs; prediction markets develop rapidly and attract large investments; established companies like Robinhood are accelerating their deployment. However, the industry also experiences failures, such as the Terra collapse, while the regulatory attitude in the US is expected to improve.

【币界】又到了考验时刻。12月26日，超236亿美元的比特币期权即将到期，而这轮期权的"最大痛点"正好卡在96,000美元附近——这个价位对多空双方都是关键。
眼下的情况有点微妙。美国现货比特币ETF的资金外流已经缩到年内低位，这多少反映了机构入场的热度在降温。价格这边呢，比特币在87,106美元上下震荡盘整，上方压力在90,647美元，下方支撑守在83,986美元。
说实话，这个区间有点考验人的耐心。期权到期前的波动往往不小，得看机构怎么操作，期现货之间的博弈也在暗处较劲。多空双方都在这个96,000美元的关键点上眼红，谁能拿下这里，后续的走向可能就有戏了。