Son Min

There is a claim that for Bitcoin to stably surpass $100,000, the selling by long-term holders (those holding for more than 155 days) needs to decrease. On the 12th (local time), James Van Straten, an analyst at CoinDesk, stated, "Currently, Bitcoin is fluctuating around the major psychological price level of $100,000," and added, "For Bitcoin to stably surpass $100,000, the selling pressure from long-term holders needs to decrease." He further noted, "Since September, long-term holders have sold 843,113 BTC," and assessed that despite the more than doubling of Bitcoin's futures/spot trading volume, the price has not risen due to selling pressure. Meanwhile, during the same period, short-term holders have accumulated 1,081,633 BTC.

It appears that the selling pressure from long-term holders of Bitcoin continues. On the 12th (local time), Negentropic, the co-founder of Glassnode, stated on X, "The selling pressure from long-term holders of Bitcoin continues," and noted, "They are holding the smallest amount of Bitcoin this year." He added, "The desire for year-end profit-taking and consecutive liquidations have significantly impacted Bitcoin sales," and mentioned, "The New Year could signal the end of the selling trend."

An analysis has emerged that cryptocurrency mining companies are using MicroStrategy's strategy. According to CoinDesk on the 12th (local time), JP Morgan stated in a report, "MicroStrategy is not the only major company accumulating Bitcoin," and "Cryptocurrency mining companies are also accumulating Bitcoin to increase profitability." The report stated, "Marathon Digital currently holds 35,000 BTC (approximately $3.5 billion)," and "Mining companies are using bond and stock issuance instead of selling held cryptocurrencies to cover operating costs." It added, "Mining companies have raised more than $10 billion in capital this year alone."

The total number of accounts on TRON (TRX) has surpassed 278 million. On the 12th (local time), Tronscan announced on X that "the total number of accounts on TRON has surpassed 278 million," adding that "the TRON ecosystem is rapidly developing."

BlackRock's Ethereum Spot ETF, ETHA, has seen inflows surpassing $3 billion. On the 12th (local time), Cointelegraph reported via X, "The amount of money flowing into BlackRock's Ethereum Spot ETF has exceeded a cumulative $3 billion," adding, "Experts predict that Ethereum will reach $15,000."

The founder of Pantera Capital has stated that Bitcoin is far superior to gold. On the 12th (local time), Dan Morehead, the founder of Pantera Capital, said in an interview with CNBC, "The United States holds $600 billion worth of gold," and advised, "Go for Bitcoin, the digital gold. It's much better."

Global cryptocurrency exchange Binance has announced the launch of the VANA Launchpool. On the 12th (local time), Binance stated on its official website, "The 62nd project of Binance Launchpool is VANA," and "The Launchpool will start on the 14th at 9 AM (KST)." It further added, "The Launchpool rewards will be at the level of 4% of the total circulation," and "VANA will be listed at 7 PM on the 16th."

An analysis has emerged suggesting that Bitcoin will reach $160,000 next year. On the 12th (local time), Matrixport stated on X, "Bitcoin will reach $160,000 by next year," citing "strong demand for Bitcoin Spot ETF, increased institutional adoption, regulatory clarity, and expanding use cases." They further recommended "allocating 1.55% of your portfolio to Bitcoin," highlighting "Bitcoin's proven resilience, its role as an inflation hedge, and integration into institutional portfolios as significant positive changes ahead." Matrixport analyzed that "Bitcoin and virtual assets are likely to exceed the 8% adoption threshold by next year," and that "Bitcoin is likely to become a key element of the global financial market." They explained that exponential growth occurred in smartphones and social media once the adoption threshold exceeded 8%. Furthermore, they assessed that the possibility of a severe correction in Bitcoin is decreasing. The report projected that "the likelihood of a severe correction has diminished due to the increase in large-scale buyers and institutional buyers of Bitcoin," and that "its maturation as an asset compared to before will also have an impact."

The daily trading volume on the Sui (SUI) based decentralized exchange (DEX) has reached an all-time high. On the 12th (local time), Sui announced via X that "the trading volume on the Sui-based decentralized exchange reached $550 million in the last 24 hours," stating, "This is the largest volume on a daily basis." They further reported, "It ranked in the top 5 in terms of 24-hour trading volume among decentralized exchanges."

Another Bitcoin strategic reserve legislation is expected to be announced. On the 12th (local time), Dennis Porter, CEO of the Satoshi Action Fund, stated on X, "We are planning to announce another 'Bitcoin Strategic Reserve Legislation' next week," adding, "The dominoes are falling." Previously, he revealed that, in addition to Pennsylvania and Texas, three other states are preparing to propose legislation to reserve Bitcoin as a strategic asset.

There is a claim that the United States approving Bitcoin as a strategic reserve asset is a decision biased towards certain interest groups. According to Bloomberg on the 5th (local time), Bill Dudley, former President of the New York Federal Reserve, stated, "I don't see how making Bitcoin a strategic reserve asset for the U.S. benefits Americans," adding, "This idea is about raising the price for Bitcoin investors, not creating value for the government." He acknowledged that Bitcoin has advantages such as portability, anonymity, and diversification of investment portfolios, but also stated, "Bitcoin is not suitable as a medium of exchange, making it difficult to see as money." He continued, "Bitcoin is highly volatile and incurs high transaction costs, so there is no obligation for most countries to accept it as a means of payment," and explained, "Unlike traditional financial assets, Bitcoin is not linked to cash flows like interest or dividends." Dudley further added, "If the Trump administration truly wants to support the virtual asset industry, it should first create an environment where it can be developed safely," emphasizing the need to establish clear laws and regulations and find ways to control virtual assets used in criminal activities.

There is a claim that Bitcoin could reach $112,926 in the short term. On the 5th (local time), virtual asset analyst Ali Martinez stated on X, "Bitcoin's short-term peak is formed at a level that adds +1 standard deviation to the average purchase price of short-term holders," and "this is around $112,926."

Bitcoin has surpassed $99,000. As of 11:27 PM on the 6th, Bitcoin is trading at $99,220 on the Binance USDT market. This is attributed to the U.S. non-farm payrolls exceeding market expectations with a record of 227,000.

Ethereum (ETH)'s realized market cap has reached an all-time high. On the 5th (local time), BeInCrypto reported, "Ethereum's realized market cap has hit an all-time high of $243.45 billion," stating, "The rise in realized market cap suggests increased holder confidence and a revaluation of Ethereum's value." It continued, "If this trend continues, there could be a significant price increase," adding, "The MVRV ratio has also risen to 5.67, indicating a rally for Ethereum." The media outlet noted, "The daily chart for ETH/USD is showing a similar pattern to the peak in June," and "the Relative Strength Index (RSI) is also similar." It further predicted, "Ethereum could rise to $4,200 in the short term," and "if the bullish trend continues, it could reach up to $4,500." However, the outlet added that if the trend of increasing Ethereum's realized market cap slows and buying pressure decreases, it could fall below $3,500.

Bitcoin (BTC) miners' Bitcoin holdings have been continuously decreasing. On the 5th (local time), Santiment stated on X, "Since April this year, Bitcoin miners' holdings have been continuously decreasing," adding, "In the past 48 hours, 85,503 BTC have decreased from miners' wallets." They further commented, "This is the most extreme decrease since the end of February," but assessed that "the change in miners' holdings has had no clear correlation with Bitcoin's price this year." Meanwhile, Santiment added that the Bitcoin holdings of whale and shark addresses, which are not miners, have been continuously increasing.

Ethereum (ETH), Solana (SOL), and other major altcoins are reportedly showing higher stability and returns compared to Bitcoin (BTC). On the 5th (local time), according to The Block, Andre Dragosch, head of Bitwise's European research, stated, "Since the U.S. presidential election, more altcoins have been outperforming Bitcoin," adding, "According to the Bitwise Altseason Index, 85% of tracked altcoins have outperformed Bitcoin over the past 30 days." He continued, "Major altcoins are increasingly decoupling from Bitcoin," emphasizing that "the performance dispersion among altcoins has reached its highest level since March 2024, indicating a diversification of the investment narrative driving the market." He also added, "The inflow of virtual asset products is a sign of increasing investor interest," noting that "the weekly inflow of global virtual asset ETPs has reached its highest level."

It has been revealed that Bitcoin spot ETFs hold more Bitcoin than Satoshi Nakamoto, the creator of Bitcoin. On the 5th (local time), Eric Balchunas, a Bloomberg ETF analyst, stated on X, "U.S. spot ETFs are ahead of Satoshi in total Bitcoin holdings," and added, "They hold more than 1.1 million BTC, the most in the world." He further commented, "(Bitcoin spot ETFs) are still a baby, not even a year old since launch."

The Czech Parliament has approved a bill exempting long-term Bitcoin investors from capital gains tax. On the 5th (local time), Cointelegraph reported via X that "a bill exempting Bitcoin from capital gains tax if held for more than 3 years has passed the Czech Parliament," adding that "the bill was approved unanimously."

There are claims that Ethereum (ETH) may face a correction. On the 6th, ShayanBTC, a CryptoQuant analyst, stated, "As the price of Ethereum approaches $4000, market sell orders have significantly increased," adding, "The futures market buy-sell ratio indicator has also fallen to its lowest level in months." He continued, "This suggests that the upward movement of Ethereum's price may slow down," and "many market participants are preparing for correction risks and a slowdown in price rise."