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Looking at PEPE's data, it's clear that retail investors are buying the dip.
A trading volume of only $8.7 billion pushing up a $1 billion market cap, a 9:1 transaction value ratio, what does that indicate? Large funds are offloading, retail investors are chasing the rally.
True believers don't need 9 transactions to push up the market cap by $1, only FOMO traders who buy high and sell low do that.
The distribution phase is already very obvious.

Metaplanet surges 26% in two days, BTC holdings have reached 35,102 coins
This Japanese Bitcoin treasury company gave the market a lesson right at the start of the year – when you go all in on BTC, the stock price responds so directly
Closed at 510 yen, still adding to positions
The story of traditional companies transforming into BTC reserves continues to unfold

Meteora's revenue is $1.25 billion, with a buyback of only $10.6 million, a return rate of 0.85%. Hyperliquid's return is 99%.
The protocol retains $1.24 billion, and the token has fallen 60% from the issuance price. DeFi transaction fees are the third highest, with a valuation only 0.1 times the sales.
Tokenomics has completely collapsed.

U.S. National Debt Surpasses $38.5 Trillion, Reaching a Record High
What is behind this number? Is it the ultimate game of unlimited money printing or a prelude to systemic risks?
When the traditional financial system's debt expands to this extent, the narrative of crypto as a hedging tool becomes more compelling.
History tells us that when debt reaches a critical point, capital will seek new safe havens.

The Solana ecosystem is still working during the Christmas holiday, with Shaw, the "chief scammer," launching new projects. Project teams from other chains are probably already sunbathing in Miami.
This is why SOL can survive in a bear market—the team's execution capability.

As long as your business model doesn't threaten anyone, no one will waste energy trying to block you.
This sounds very reasonable, but in the crypto space, it's quite the opposite. True alpha often comes from projects that are seen as threats by traditional financial institutions.
Just look at how BTC has transformed from being resisted by banks to being aggressively accumulated by institutions.

Most DeFi projects make the same fatal mistake: relinquishing control over token supply too early
Supply is leverage, protection, and the ability to avoid making poor decisions. Once the supply is lost, it can never be regained.
Effective management means preparing for tough times, being able to stabilize the situation when necessary, rather than panic selling.
Cash reserves are equally important. A treasury composed entirely of your own tokens is inherently fragile.

Institutional funds are making a massive entry through CME Bitcoin options, marking the first time ever surpassing the offshore market.
Regulatory funds are deploying real capital through bullish options from March to June, not engaging in 100x leveraged gambling behavior. Options market makers are forced to buy spot to hedge, while crypto natives are selling ETH.
ETH whale 0xa339 liquidated a $90 million position, fully repaid the AAVE loan, and completely hedged at $2970. The ETH/BTC ratio dropped to 0.033, confirming all of this.

The regulatory arbitrage game in the prediction market is reshaping the entire industry landscape.
Coinbase's acquisition of the Clearing Company is not just for the DCO license, but also for the native stablecoin clearing infrastructure. Meanwhile, Polymarket's acquisition of QCEX to enter the US market is effectively operating two completely independent liquidity systems.
The most interesting is the price difference arbitrage opportunity—when you control both on-chain and traditional infrastructure simultaneously, the profit from arbitrage is more attractive than market making.
The logic beh

Yi Li Hua's Trend Research holds 645,000 ETH, with an average price of $3,150. Currently, there is an unrealized loss of $143 million.
He plans to invest an additional $1 billion to increase his position, targeting a cost basis of $3,050.
Is this faith or a gambler's mentality? The market won't give you face just because of your cost basis.

The Trump administration is about to begin garnishing the wages of defaulted student loan borrowers.
This tough measure could further exacerbate the financial pressure on the younger generation, prompting more people to seek alternative investment channels.
Historically, tighter policies have often been accompanied by volatility in risk assets.

Babylon Labs has solved the productivity problem of Bitcoin's $2 trillion. Native BTC earns an annualized return of 3-8% without leaving the Bitcoin blockchain, no wrapping, no accomplice required.
The testnet has staked 1.4 billion USD. MicroStrategy holds 42 billion USD but has zero returns, resulting in an annual loss of 2.1 billion USD based on a 5% yield.
The corporate finance department is formulating strategies for 2026, and Babylon is just ready for this conversation.

It turns out we are all prisoners of prejudice.
Those "local dog players" who are mocked have actually seen through the essence of the game: attention and liquidity are the only currencies. While we are still comforting ourselves with "fundamentals," they are already efficiently rotating capital.
The so-called "professional investors" and "gamblers" may only differ by a more respectable label.

Citigroup increases the position in Circle against the trend, target price $243 vs current price $86
What logic is behind the 182% upside potential? Institutions are positioning themselves amid panic, while retail investors are cutting losses in fear.
$CIRCLE This adjustment may be the right time to enter.

SBF has become a "legal advisor" in prison, consulting even former Honduran presidents and Sean Combs.
A person who is in prison for fraud is giving legal advice to others while still applying for a presidential pardon.
The level of irony in this world has exceeded my understanding.

Bank of Japan raises interest rates by 25 basis points, US CLARITY Act to be submitted to the Senate in January
Traditional finance tightens, crypto regulation intensifies. The market always diverges at such moments—weak hands exit, strong hands deploy.
Policy pressure often spurs genuine demand for decentralization. History does not repeat, but it rhymes.

The capital requirement for banks holding USDC has been reduced from $125 million to $10 million, a 92% decrease in risk weight. Circle's quarterly revenue is $740 million, with a profit margin of 99%.
Banks have $10 trillion in liquidity reserves, and even a 1% inflow into USDC could double the supply.
A permanent buy wall is forming.

New Polymarket prediction market: Will AI be sued for crimes?
This question is more realistic than it seems. As AI systems become increasingly autonomous, the boundaries of legal responsibility are becoming blurred.
When AI makes "decisions" that cause harm, who should be held accountable? Developers? Users? Or AI itself?
Traditional legal frameworks clearly cannot keep up with technological advancements.

Bitcoin rebounded from $80,000, and the 200-day moving average slope turned positive for the first time in a month.
The market has fully priced in the Fed's third rate cut expectation, and Powell's lack of hawkish signals paves the way for further gains.
The key is the 52-week high resistance level – a breakout could open new space, while a failure to hold warns of a bull trap.

Ethereum supply hits lowest level since 2015, only 8.7% on exchanges
bitmine has absorbed 3 million ETH in two months, controlling 3.08% of total supply worth $11.35 billion, with 880 million still to be deployed to reach its 5% target
Just last week, during the fusaka upgrade, $296 million was purchased
When whales are accumulating, what are retail investors waiting for?