On Monday's early Asian trading, the price of Bitcoin surged again, hitting a new all-time high. Bitcoin is aiming for $110,000, and Trump has once again ignited enthusiasm in the crypto world. His comments as the U.S. president-elect implied that he plans to establish a strategic reserve for Bitcoin similar to the U.S. strategic oil reserve. In addition, on December 15, Trump made shocking remarks about cryptocurrency in an interview with CNBC. Trump confidently said, "We're going to use cryptocurrency to do some really great things!... Others are slowly accepting it, but we want to be the leaders in this industry!" Trump's words undoubtedly injected new vitality and expectations into the cryptocurrency field.

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This week is a macro big week, and a group of central banks, led by the Federal Reserve, will announce interest rate decisions. Currently, the futures market shows a 99% expectation of a 25Bp interest rate cut by the Federal Reserve. Other important data this week is also worth paying attention to. The next interest rate meeting will enter the Trump cycle. It is also worth paying attention to whether the US stock market will experience large fluctuations during this period. Currently, ETF inflows are strong, which is also positive for the encryption market.
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This week, the BTC expansion solution Stacks has opened the BTC deposit function, which is the first phase of sBTC deployment; combined with the rate decision announced by the Federal Reserve on December 19th, and Powell's monetary policy press conference; BTC has stabilized at $100,000, while ETH has failed to hold at $4,000. The market was relatively flat last week, despite the continued shortage of market funds. As Christmas approaches, the market is gradually moving positions towards the end of the market. The options market is stable, and bulk trades and market interest rates are worth noting. Currently, the main term IV is at a relatively low level, with short-term IV significantly falling back, which is a good opportunity to buy. Subsequent layout should focus on real-time changes in the intraday market. Yibo will analyze the market layout in real-time in the live broadcast room every day.