OnChainDetective

Ethereum's recent breakthrough above $4500 marks the first time since November 2021, and this isn't just a random price move—it's the result of converging market dynamics that deserve closer examination.
The Supply Squeeze That's Reshaping the Market
The most compelling factor is what's

The Macro Factor Behind Recent Pullbacks
Last week's initial jobless claims data (August 9) sent shockwaves through crypto markets, and ETH was no exception. The labor market report revealed 226,000 initial claims—lower than forecasts—signaling robust employment conditions. Simultaneously, July's

The euro has risen above 1.17 against the US dollar, marking its strongest performance since late July with a daily gain of 0.26%. This rise indicates renewed bullish interest and potential changes in currency dynamics linked to eurozone economic confidence and monetary policy expectations.

Bank of America Securities maintains an Underperform rating on Cheniere Energy Partners, citing limited upside and mixed institutional interest. Analyst forecasts indicate modest recovery potential, while ownership remains concentrated among major stakeholders.

Why Are NVIDIA Concept Stocks Becoming the Market Focus
Entering the second half of 2024, NVIDIA's stock performance has been remarkable. In mid-June, the company's market capitalization briefly reached a high of $3.34 trillion, even surpassing Apple and Microsoft to become the world's largest company by market value. However, the good times didn't last long, as the stock subsequently experienced a decline of over 20%, marking the worst monthly drop in nearly two years, with a market value evaporating nearly $800 billion. Fortunately, after hitting bottom in August, NVIDIA's stock rebounded, rising by 25% by mid-October, with the stock price approaching previous highs again.
This round of rebound in NVIDIA's stock price has driven the performance of the entire supply chain sector. Leading Taiwanese companies have delivered impressive results—TSMC's September revenue hit a record high of NT$251.8 billion, an increase of nearly 40% year-over-year; and ASE Technology Holding's September revenue surpassed NT$55.5 billion, reaching a nearly one-year high. The stock prices of these companies have also risen accordingly, reflecting the market

The article introduces the definitions, advantages and disadvantages, and application scenarios of market orders and limit orders. Market orders execute immediately but cannot control the price, making them suitable for short-term traders who need quick responses; limit orders require setting a target price and are suitable for long-term strategies. When choosing, consider the market environment and prioritize risk management to improve trading success rates.

In the geopolitical situation of December 2025, the Taiwanese dollar against the Japanese yen reached a high of 4.85, reigniting interest in travel to Japan and yen investments. Is it now advantageous to exchange for yen? How significant are the cost differences among the four currency exchange channels? We use the latest real-time rates to break down all the details of exchanging for yen.
Why should you pay attention to the yen now?
When it comes to exchanging foreign currency, many people's first thought is the yen. The reason behind this is not just travel demand, but the yen's important role in both daily life and investment.
Daily consumption scenarios: travel, shopping, studying abroad must involve currency exchange
For travelers who frequently visit Japan, locations like Tokyo, Osaka, Hokkaido, and Okinawa mostly still rely on cash transactions (credit card penetration is only 60%). Additionally, purchasing Japanese cosmetics and clothing, cross-border online shopping for anime merchandise, all require direct settlement in yen. Students planning to study or work holiday in Japan will also exchange currency in advance to avoid last-minute exchanges.

For investors looking to seize opportunities in the market, changes in GDP rankings not only reflect the rise and fall of national economic strength but also serve as a key indicator for timing investments. What investment signals are hidden behind the GDP rankings? Let's start interpreting with the data.
The global economic landscape is quietly changing
According to the latest publicly available data from the IMF, the top five countries by global GDP in 2022 are the United States ($25.5 trillion), China ($18.0 trillion), Japan ($4.2 trillion), Germany ($4.1 trillion), and India ($3.4 trillion). Interestingly, this ranking is not fixed.
Over the past twenty years, the global economic pattern has undergone subtle yet profound shifts. As the world's largest economy, the United States has maintained its position for years thanks to its strong industrial base, innovation capacity, and financial system support. But at the same time, emerging economies like China, India, and Brazil are...

Market Turmoil
Taiwan stocks experienced a volatile session today, dragged down by the poor performance of US Tech Stocks on Friday. The market opened with a gap down, plunging by 514 points at one point, with the lowest intraday level reaching 27,684, breaking below the psychological 28,000 mark. This correction shattered market expectations of a continued rally and prompted investors to reassess the valuation logic at the top of the stock market pyramid.
TSMC ADR fell 4.2 last night, and the stock opened sharply down by 30 points to 1,450, breaking below the monthly moving average; the stock king, Xinhua, saw intense battles around 6,600, with early trading reaching as low as 6,590 before finding support. The performance of these heavyweight stocks directly reflects the market’s anxiety over re-pricing high-priced stocks.
Signals of Capital Reallocation
From the flow of funds on the market, today’s movement is not a complete retreat of capital but a precise industry rotation. Oil, electricity, and electrical stocks rose 3.09% against the trend, while network communication and shipping sectors each increased by 1.33% and 1.

NFT (Non-Fungible Token) differs from regular cryptocurrencies as it is a unique, non-interchangeable digital asset, primarily used in art, gaming, and other fields. The NFT market has experienced booms and cool-downs, and is currently undergoing adjustments, with projects that have genuine commercial value becoming the focus of investment. When choosing NFT projects, it is important to pay attention to their business models, while also being cautious of risks such as liquidity, counterfeit goods, and wallet security.

In the context of increasing volatility in financial assets, more and more investors are turning their attention to cryptocurrencies. As an asset allocation option with high liquidity and privacy features, digital currencies are changing the traditional investment landscape. However, with thousands of cryptocurrencies available, how to accurately select the right ones becomes a key issue. This article will systematically analyze the investment logic of cryptocurrencies from multiple dimensions such as market cycles, coin characteristics, and investment strategies.
Market Cycles Determine Investment Strategies
The golden rule of cryptocurrency investment is: "In a bull market, allocate to small-cap tokens; in a bear market, stick to top-tier coins." There is a deep logic behind this strategy:
Small-cap tokens have greater potential for gains during a bull market, making 10x or 100x returns more achievable; while leading mainstream coins are less likely to surge dramatically but tend to perform relatively steadily overall. Conversely, in a bear market, top-tier coins benefit from strong consensus and large user bases, making them significantly more resistant to declines, with near-zero risk of going to zero; small-cap tokens face the risk of collective sell-offs.

What is the "Chopping Chives" Phenomenon
There is a vivid metaphor circulating in the investment community—"Chopping Chives." This term originates from the Chinese financial market and is used to describe the ongoing losses of retail investors during trading.
Chives are used as a metaphor because of their unique biological characteristics: they are highly resilient—after being cut, they can quickly sprout new shoots, cycle after cycle. The phenomenon in the investment market is similar—a group of retail investors lose their funds, only for new retail investors to flood into the market, continuously being "harvested" like chives.
The core essence is: retail investors, due to a lack of systematic trading methodologies, are easily swayed by emotions, leading to poor timing in buying and selling, ultimately causing their principal to flow into the hands of the market's stronger players.
Characteristics of the People Being Harvested and the Identity of the Harvesters
Who is More Likely to Become "Chives"
Retail investors, especially beginners, are most susceptible to falling into this trap. Compared to institutional investors and large capital funds, retail investors in

Market Status: Gold and Silver Both Strengthen
Shortly after the Asian market opened, precious metals experienced a significant rally. Spot gold prices have approached the $4,372 per ounce level, a substantial increase from the previous trading day. Meanwhile, silver moved in tandem, rising by 1.3% to reach $68.05 per ounce, hitting a new record high.
What is particularly noteworthy about this round of rally is that gold is only one step away from the October-record high of $4,381 per ounce, and the market generally expects this key resistance level to be broken. Since the short squeeze last year, speculative funds in silver have continued to flow in net, and supply tensions have not eased, further supporting silver prices. Trading activity in Shanghai silver futures has heated up again, with trading volumes approaching levels seen during the tight supply period two months ago.
Driving Factors: Rate Cut Expectations + Geopolitical Safe-Haven
The logic behind this gold rally is not complicated. On one hand, the Federal Reserve's policy outlook is shifting towards easing.

The Federal Reserve's monetary policy shift to easing is narrowing the US-Japan interest rate differential. As signs of slowing US economic growth emerge, market expectations for a rate cut by the Federal Reserve in December have risen to 80%, creating favorable conditions for the yen to appreciate.
Exchange rate turning point has appeared; the yen is poised for a breakout
As of November 25, USD/JPY is temporarily at 156.60, down from its high. Morgan Stanley's strategists believe that if the Federal Reserve continues to cut rates amid economic slowdown, the yen's appreciation against the dollar could be approximately 10%. In other words, USD/JPY is likely to face adjustment pressure in the coming months.
Morgan Stanley strategist Matthew Hornbach and others pointed out that the current USD/JPY exchange rate level has deviated from fair value. As US yields decline, the theoretical fair value will also decrease, which means that the yen's appreciation is not just market expectation but driven by fundamentals.

Market confidence in the Federal Reserve's rate cut has significantly decreased, with the December rate cut probability dropping from 94% to 30%. The US government shutdown has delayed employment data, increasing policy uncertainty and further boosting the US dollar. Additionally, gold prices have been highly volatile as the dollar's appreciation diminishes its attractiveness, prompting the market to reassess asset allocation.

Multiple positive factors converge, UK Bank of England has over a 90% chance of cutting interest rates in December
On Thursday (December 18), the Bank of England will announce its December interest rate decision, and the market has widely consensus on a rate cut. According to market data, there is over a 90% probability that the Bank of England will cut the federal funds rate by 25 basis points to 3.75%, marking the fourth rate cut this year and the lowest level in nearly three years.
The main driver behind this rate cut is a significant shift in the UK economy. Data released on December 12 shows that the UK's October GDP contracted by 0.1% month-on-month, not only falling short of the market expectation of 0.1% growth but also marking two consecutive months of contraction. The simultaneously released unemployment data is also concerning—the UK's unemployment rate has risen to its highest point since early 2021, fully reflecting a weakening of economic growth momentum.
Good news from the inflation front further supports the expectation of a rate cut. The UK Consumer Price Index for November, released on Wednesday

Web3.0 is the third generation of the internet centered around blockchain technology, aiming to give users full control over their data, assets, and identities. Its features include decentralization, immutability, and transparency. Web3.0 is dedicated to addressing issues such as monopolies and privacy violations in the Web2.0 era, empowering users to regain their rights. Investors should focus on projects that solve real problems and have technological moats, while remaining cautious of concept hype.

Many investors interested in participating in U.S. stock trading feel both intrigued and unfamiliar with U.S. stock futures. This comprehensive guide will help you quickly grasp the core concepts of U.S. futures indices, trading instruments, risk management, and other key elements.
What is the essence of futures contracts: What are U.S. stock futures?
Futures contracts are agreements to trade at a future date. Simply put, when you buy a futures contract, you commit to buying or selling an asset at a predetermined price on a specific future date.
A better analogy is oil futures: suppose you lock in a three-month oil futures contract at $80. You agree to purchase a certain amount of oil at this price in three months. If the oil price rises to $90 by then, your contract is profitable; if it falls, you incur a loss.
The logic of U.S. stock futures is similar, but the underlying asset is not a commodity, but a U.S. stock market index. U.S. stock futures represent the value of a basket of stocks, calculated as: