The wind is changing wildly! The market's fervent fantasy of a Fed rate cut in January is being "frozen" by data and signals – expectations have been cut in half from their peak, now only 22% remain. The dream of a rate cut has shattered, and global funds are collectively shifting, with all eyes firmly locked on Powell.
His next statement will not only be a signal - but a key that directly inserts into market expectations, potentially triggering a "turning tsunami" of global assets in an instant.

It feels less like a bull or bear market issue and more like the entire crypto space is heading downhill.
Bitcoin is not a hype, but it's just not selling anymore.
Clearly, funds are moving elsewhere, mostly into gold, tech stocks, or assets with either broad consensus or cash flow.
Bitcoin is now in an awkward position, relying on imagination to rise. When liquidity is withdrawn, it drops quickly and sharply.

Many people don't understand the underlying logic of the closure. Closure means that Hainan has become a super-large offshore financial island outside the domestic customs zone.
Here, cross-border fund transfers rely on EF accounts, and the essence of EF accounts is: as long as the source of funds is legal, they can freely flow across the line (Hainan and overseas).

The Bank of England interest rate will be announced at 8:00 PM tonight.
The US CPI annual rate will be announced at 9:30 PM tonight.
Japan's November core CPI annual rate will be announced at 7:30 AM tomorrow.
Tomorrow's key announcement is the Bank of Japan's target interest rate.
Most importantly, the yen's interest rate hike is basically decided. The market will decline first out of caution. To some extent, it has already priced in the hike, but once the announcement is made, it will still fall, just with a limited decline.

The Bitcoin network experiences a "hash rate earthquake"! Xinjiang mining farms suddenly face inspections, causing a global hash rate plunge of over 17% in one week, with at least 400,000 mining rigs instantly powered off! $BTC
This is not just normal fluctuation but a thunderous strike against the "gray empire." Although it was officially banned in 2021, regions like Xinjiang have long been the "underground heart" of global Bitcoin mining due to cheap electricity, quietly contributing about 14% of the world's hash rate (third in the world). Last month, foreign media reported a "quiet revival

The Federal Reserve announced the operation of Reserve Management Purchases (RMP), purchasing approximately $40 billion in short-term U.S. Treasury securities (mainly bills) each month. Since the FOMC meeting in October, the Fed announced the end of QT, so this $40 billion in short-term debt is not QE. The Fed's QE typically involves purchasing medium- to long-term government bonds, usually 5 to 30-year Treasury bonds, which are aimed at stimulating the economy.

The overall cryptocurrency market is showing a bearish trend, with a total market capitalization of approximately $3.1 trillion and low sentiment. The Bank of Japan's rate hike expectation (98% probability) introduces uncertainty. Investors favor narrative-driven trading in AI and small-cap sectors. The short-term trend is volatile, and it is necessary to wait for macroeconomic data (such as non-farm payrolls, CPI) and central bank decision guidance to determine the direction.

All major central banks around the world will release their interest rate decisions next week, such as Japan, Europe, and the UK. Moreover, Japan is certain to raise interest rates next Friday, and other major central banks are gradually shifting towards tightening. The rate cut cycle in 2025 can basically be considered over.

CBOE approves 21Shares' XRP ETF listing, ticker symbol TOXR, bringing a new compliant liquidity channel for XRP.
5. Coinbase will launch tokenized US stocks; announcement on the 17th: Coinbase plans to launch new features including tokenized US stocks on December 17th. Related screenshots are circulating on the X platform, sparking community anticipation.

Bitcoin has the strongest scarcity, known as digital gold, suitable for long-term preservation of value. The total supply of Bitcoin is only 21 million coins, with no further issuance, and mining difficulty halves every 4 years. Currently, only 2 million coins are left unmined. Its cost-effectiveness surpasses gold, as it will take decades to mine all the gold worldwide, but Bitcoin will be fully mined in just 20 years. Its core logic is to counteract fiat currency devaluation, making it the ultimate asset in a global liquidity flood. Institutions and large investors treat it as a ballast asse

25bp rate cut?
The market had already priced it in half a month ago, leaving nothing behind.
It's like a teacher hinting in advance, "Score 60 points to receive a reward,"
By the time the reward is actually given out, the truly excited people have already taken their prizes and gone home.
The institutional process is simple:
Lay in wait in advance → Wait for your anticipation → Announce and immediately dump the market → From positive to negative → You come to take the blame.
Today's decline is not an accident; it's a net closing.

The crypto market seems to be free, but in fact it is led by the global "money vein", and the U.S. Treasury Department is the thickest of them. Some time ago, the U.S. government shut down this farce, which directly forced the Treasury Department into a "big unjust head with money that can't be spent" - there are more than $150 billion in cash reserves lying on the account, and they want to inject it into the market through normal channels, but they are stuck in the process and can't move, like "living water" locked in a cage.

December 9
MicroStrategy bought 10,000 Bitcoins in a single day, but the price didn't move at all. It even dipped slightly. Can any experts explain this phenomenon to me?
BTC is still fluctuating around 90,000, the trend is still not strong, not many people are willing to get involved, we'll have to tough it out for a while longer.

In a sense, cryptocurrency is a general equivalent similar to precious metals, sharing similar properties: decentralization and transaction anonymity. As a result, it is in a state of complete loss of control for centralized national finances.
With the progress of the times, precious metals have gradually withdrawn from circulation, mainly due to the influence of physical laws—compared to fiat currency, they are just too inconvenient. However, cryptocurrencies are not constrained by physical laws and are almost as convenient as payment platforms like Alipay and PayPal.

The Fed's December meeting (3 AM on December 10), and the entire market is currently betting in the same direction:
There’s an 80%+ chance of a 25bp rate cut, and only about a 15% chance of keeping rates unchanged.
The difficulty for this FOMC meeting is simple—the inflation just won’t die, and labor data is starting to look shaky again.
Powell now seems like someone being forced to choose an answer:
If he cuts, he’s worried about prices rising;
If he doesn’t cut and year-end employment data weakens further, he’ll get blamed.

Market movements have inertia. Once a clear trend is established, most reversal patterns are likely to fail and are more likely to result in a consolidation range. Only in rare cases will they lead to a breakout against the trend and reverse the original trend.

Recently, many people have been questioned due to trading USDT, and they are generally asked about three key points:
1. Are you aware that virtual currencies are not protected by law?
You can answer clearly: Our country has not determined that virtual currency trading is illegal; it just emphasizes that it is not protected, and buyers and sellers need to bear the risks themselves.
2. Why do you need to return funds related to fraudulent activities?
The process requires negotiating the amount with the victim, and only after reaching an agreement can the unfreezing procedure proceed.
3. Will non

Bank of Japan Governor Kazuo Ueda suddenly jumped out and shouted:
“We can’t pinpoint the neutral rate, but the nominal rate still needs to rise!”
Damn, the yield on Japan’s 10-year government bonds has shot up to its highest since 2007! What does this signal?
Some of the money in the global liquidity pool might have to be siphoned back to fill the Japanese debt hole.
Risk markets fear this kind of money pump the most. In the crypto space, the small fish and shrimp—if the liquidity gets sucked out, how can they swim at all?

Musk warns: US debt crisis may trigger severe Bitcoin volatility
He stated that in the future, "the concept of currency may disappear," and only energy is real money, continuing to support Bitcoin $BTC and Dogecoin $DOGE .
Dogecoin's surge propels Musk's new 🐶P U P P I E S🐶 to soar

On the morning of December 1, 2025, as traders across Asia opened their screens, the global market was instantly swept by a sea of red. Just eight weeks prior, Bitcoin had reached a high of $126,272, but now it has fallen with mechanical precision below $87,000, as if a system is undergoing Forced Liquidation.