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📊 This week's crypto market has had its fair share of drama. Here are some key developments worth paying attention to:
**Whale Movements and Risk Alerts**
A well-known BTC investor continues to hold a long position in Ethereum, with a holdings worth up to $300 million. However, the situation doesn't seem ideal—there's an unrealized loss of $45.03 million on paper. Yesterday, he tweeted "I might be wrong," which is quite telling. Historical experience shows that when big whales close their positions, it's often the signal for retail investors to start taking over. Something to ponder carefully.
**New Coins and International Moves**
A leading exchange launched the Kyrgyzstani stablecoin KGST this week, which was immediately bought up by trading bots at open, causing a slight price increase. Even more interesting, the country plans to introduce a USD stablecoin USDKG, now deployed on the Tron network. These moves by national-level stablecoins suggest that the internationalization process is accelerating.
**"Textbook" Market Behavior in Contracts**
PIPPIN had a thrilling scene yesterday: the price surged to 0.76, then plummeted to 0.45, with contract trading volume exceeding $1 billion. Short sellers were thoroughly squeezed, with reports indicating that the market maker's holdings account for up to 80%. This is the legendary "do whatever you want" feeling.
BANANA also didn't want to be left out, engaging in a short squeeze. Funding rates even dropped to -0.16%. Currently, only it and PIPPIN show some gains in the market; other tokens are pretending to sleep.
**Stable Income Options**
An exchange launched a 20% annualized USDT savings campaign, with a limit of $50,000. Monthly payouts are around $800, which, after discounting, amounts to roughly five or six hundred dollars—an excellent Christmas red envelope.
**Token Rebound Signals**
ZEC recently saw a slight uptick, driven by a deep research report from Messari, coupled with renewed investor interest in privacy concepts. The old topic of privacy still has market appeal.
**Market Rhythm Observation**
During Christmas week, enthusiasm has noticeably waned, with trading volume and public interest declining. But this is precisely an opportunity—when the market isn't crowded, it's the perfect time to learn, observe, and quietly position yourself for the future.
Wishing everyone a Merry Christmas, and may your accounts quietly "shine bright."