The content is quite dry, and I've done my best to optimize it. Later, there will be cash red envelopes, Q&A, and it is only suitable for peers who are determined to trade systematically and execute effectively.

BTC surges towards the annual line, GMT makes a comeback, and whales sell off 140 million ETH! A full overview of seven "Year-End Financial Reports"

"All market participants, please be seated. The year-end financial forecast conference of this 'Global Technology Group' in the crypto market has just begun, and seven key departmental data have been disclosed:

【Report A: Market Cap Management Department】

"Core Business Line (BTC)": The annual report shows that the group's flagship business still needs about a 6% increase to achieve the annual KPI (closing above the year line), and is in the final sprint.

【Report B: Innovation Business Department】

"Star Project (GMT)": During the overall sideways period of the group, this business has surged against the trend, already regarded internally as the “leader of sideways consolidation,” performing far beyond expectations.

【Report C: Major Shareholder Behavior】

"Major Shareholders (a whale)": Recently, they significantly reduced holdings by 50,623 ETH, cashing out approximately $147.88 million, attracting market attention.

【Report D: Strategic Risk Control Department】

"Independent Research Report (10x Research)": Internal audits issued warnings that the two cornerstone businesses, BTC and ETH, are experiencing “underlying currents, with trend reversal points approaching.”

【Report E: Equity Incentive Plan】

"Employee Options (HYPE, ZORA, SUI, etc.)": A large batch of options will be exercised (tokens unlocked) this week, which may create internal selling pressure in the short term.

【Report F: Institutional Investors】

"Christmas Holiday Movements": Major institutional investors withdrew net $782 million during the holiday period, with institutional cash flow temporarily showing outflows.

Seven reports, with performance surges and highlights, but shareholders are reducing holdings, options are being exercised, and institutions are flowing out. Should we be bullish or bearish on this year-end report? I am [Your Chief Financial Report Interpreter]. Today, I will not recite data but become your ‘Year-End Financial Analyst’. In 5 minutes, I will synthesize these seemingly contradictory seven reports into a set of your understandable “Three Core Financial Truth Tables,” revealing which reports are “cosmetic,” which are “truth,” and how you, as a “small shareholder,” should now make decisions.

If you want to understand the truth behind the financial reports, comment ‘Financial Report’ below. The analysis session starts now.

“Real financial analysis does not look at single surprises but at the relationships between data. We reclassify these seven data points into three core tables:

First Table: Income Statement (Price Performance and Trends) — Look at the “Face”

* Data A (BTC surges towards the annual line 6%): This is the 【Annual Performance Goal】🎯. Management has a strong motivation to “polish” the report in the last few days to achieve positive growth for the year. This may support short-term prices but is a “financial trick,” not intrinsic growth.
* Data B (GMT surges against the trend): This is the 【Segment Business Highlight】🌟. During overall weakness, a single business explodes, indicating market funds are seeking and creating localized profit effects. This is typical of the early stages of a new rally but requires observation of sustainability.

Second Table: Cash Flow Statement (Funds Inflows and Outflows) — Look at the “Inside”

* Data C (Whale sells off 140 million ETH): This is 【Major Shareholder Cash-Out】💸. Regardless of reasons (personal financial needs, bearish outlook, rebalancing), the large reduction in holdings is a real cash outflow, exerting immediate and heavy short-term pressure on ETH and its ecosystem.
* Data F (Institutional net outflow of $782 million): This is 【Institutional Capital Attitude】🏦. During the Christmas holiday, institutions withdrew during the period, reflecting a conservative stance and profit-taking demand from traditional capital at year-end. Combined, these reveal the current market liquidity reality as “bleeding” rather than “blood transfusion.”

Third Table: Balance Sheet and Notes (Potential Risks and Future Obligations) — Look at the “Foundation”

* Data D (10x Research warns of trend reversal): This is 【Audit Risk Warning】⚠. Professional institutions warn that asset values (trends) may face significant changes. This reminds us that current price equilibrium may be very fragile.
* Data E (Large-scale token unlocks for HYPE and others): This is 【Off-balance sheet or contingent liabilities】⚖. The upcoming “employee options” are known, mandatory obligations, representing a clear supply pressure on related assets.

【The Truth of the Three Major Reports】

Current financial truth:

* Income Statement (Face): There are sprint targets and some highlights, attempting to “inflate” performance.
* Cash Flow Statement (Inside): Major shareholders and institutions are actually “extracting water,” with tight cash flow.
* Balance Sheet (Foundation): Audit warns of asset impairment risks, and large known liabilities (unlocks) are imminent. Conclusion: a race between “performance polishing” and “cash exhaustion + known pressure to sell.” Your strategy is not to be fooled by the “face,” but to keep an eye on when the risks from “inside” and “foundation” will be fully released.

Small Shareholder Three-Step Decision Method ·

“Understanding the truth, as a small shareholder, you cannot imitate institutions and whales. During the ‘report embellishment period,’ act cautiously like a value investor and follow these three steps:

Step 1: Avoid “Known Liabilities,” Execute Risk Prevention

1. Immediate action: stay away from tokens with large unlocks this week (HYPE, ZORA, SUI, etc.). These are known, almost certain selling pressures, like landmines you must avoid.
2. Expand thinking: treat “token unlock calendar” as a “financial note” you must verify before future investments.

Step 2: Focus on “Real Cash Flow,” Observe Patiently

1. Key indicators: shift focus from “price gains” to “on-chain stablecoin net inflows” and “ETF fund flows.” Only when these two turn positive does the “cash flow statement” improve, signaling a true right-side trend.
2. Current action: maintain observation or minimal positions until institutional funds resume net inflows.

Step 3: Use “Performance Sprint” for Hedging Layout

1. BTC 6% sprint logic: management is motivated to “inflate” BTC prices at year-end. But this is not a reason to chase the rise; rather, it provides a clear, bounded technical space (e.g., betting on short-term longs above key support levels).
2. Strict discipline: such operations should be very small, short-term trades with tight stop-losses, aiming to earn the highest certainty in “performance embellishment,” not to believe in the trend.

Summary: Avoid landmines, watch cash flow, and trade within ranges. In the “Gordian knot” of financial reports, protecting principal is the top priority, followed by identifying small opportunities with favorable risk-reward ratios that you can understand.

“The decision framework is now issued. Peers who understand and are ready to execute, reply ‘Execute’ in the comments.

Now, enter the dual-channel assessment of the ‘Genius Trader’ financial report analysis session! Commend financial wisdom and sincere sharing.

Channel One: Core Logic Quick Questions (Real-time Q&A Rewards)

Pop quiz: Among today’s seven annual report data points, which one most directly and objectively reflects the current market’s “real gold and silver” supply and demand, rather than expectations or stories?

A. BTC needs to rise 6% to complete the annual line

B. A whale sells over 50,000 ETH, cashing out $140 million

C. 10x Research warns of trend reversal approaching

Channel Two: Analysis Notes Creative Award (Inclusive Contribution Award)

For peers who did not win in the real-time Q&A, your exclusive channel is now open!

Participation method:

1. Follow and join the Investment Research Club.
2. Turn your understanding of any aspect of the “Three Core Financial Tables” from this live broadcast into your “Investment Research Notes,” combining your thoughts, and post it on Gate personal feed.
3. Be sure to include the hashtag #MarketYearEndReportAnalysis and @ me. Reward rule: Before tomorrow’s broadcast, I will randomly select one among all who complete the above three steps and send out a second ‘Genius Fragment’!

I am [Your Chief Financial Report Interpreter and Architect]. I do not provide a polished “optimistic profit forecast,” but a systematic approach to penetrate data fog, identify core risks, and calculate odds in complex games.
May everyone’s fiscal year in the market be clear as a mirror, with accounts transparent.” Wishing you prosperity, smooth sailing, and when I see you again, may you be spirited, earning abundantly. Success comes swiftly, and victory is assured.