The crypto market has stabilized overall today after experiencing a sharp sell-off the previous day, but market sentiment remains fragile, and downward pressure still exists in the short term.

Market Core Indicators
2025-12-17
Bitcoin (BTC) Price
$87,000
▲ Stable
Fear and Greed Index
16
▼ Extreme Fear
24-hour Liquidation Volume
$750 million
▼ Significant Pressure
Market Overview Today

The market showed some resilience near key support levels today, but the rebound was limited, and market sentiment remains pessimistic.
Bitcoin (BTC) Price Trend
The price stabilized around $87,000, rebounding from the previous trading day's low. However, some analysts believe this is only a short-term rebound, and the next decline could break below $80,000.
Market Sentiment and Key Indicators
The Fear and Greed Index is at 16, in the "Extreme Fear" zone. Over the past two days, the derivatives market saw long liquidations totaling $750 million, with about $250 million related to Bitcoin futures, indicating that selling pressure remains substantial.
Recent Macro and Industry Developments

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Macro Economic Signals
After the US November non-farm payroll data was released, the market's expectation of a Fed rate cut in January remains low at 24%, continuing to exert pressure on the crypto market.
In addition to macro data, several recent industry events have also impacted market sentiment:
Coinbase Product Launch: The market widely expects Coinbase to announce new businesses such as prediction markets and tokenized stocks during its product launch event on December 17, which could serve as a catalyst for a new bull run.
Aave Protocol Investigation: The US Securities and Exchange Commission (SEC) has concluded a four-year investigation into the Aave protocol, which may bring short-term positive news for related projects.
Traditional Financial Institutions' Moves: Several top US banks have launched or announced plans to launch Bitcoin-related products, indicating further acceptance of crypto assets by traditional finance.
Future Market Outlook and Key Events

Overall, the market generally believes that Bitcoin may continue to fluctuate within the 85,500−88,000 range in the short term, but the overall trend leans downward. Analysts warn that without strong macroeconomic support, the market could further decline.
Upcoming Key Events Calendar
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January (approx.)
Potential announcement of Federal Reserve Chair candidate
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December 17
Coinbase Product Launch Event
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December 17
Speech by New York Fed Chair
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Cryptocurrency prices are highly volatile and may be affected by external factors such as financial, regulatory, or political events. Before making any investment decisions, please conduct thorough research and assess your own risk tolerance.