温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/id/63339.html
点击访问原文链接

Matrixport Market Observation: Repricing After High-Level Correction – The Crypto Market Enters a New Phase of Zero-Cap Game | Bee Network

进入原网站 导航首页
Matrixport Market Observation: Repricing After High-Level Correction – The Crypto Market Enters a New Phase of Zero-Cap Game | Bee Network Login Berita Trending Meme Launchpad Agen AI DeSci Penjelajah Rantai Atas Untuk Newbee 100x Koin Permainan Lebah Situs Web Penting APLIKASI yang Harus Dimiliki Selebriti Kripto DePIN Pemula Penting Detektor Perangkap Alat Dasar Situs Web Tingkat Lanjut Pertukaran Alat NFT Hai, Keluar Alam Semesta Web3 permainan DApp Sarang lebah Platform Berkembang IKLAN Mencari Bahasa inggris Isi Ulang Koin Gabung Unduh Universitas Web3 permainan DApp Sarang lebah IKLAN rumah-Analisis-Teks utama Matrixport Market Observation: Repricing After High-Level Correction – The Crypto Market Enters a New Phase of Zero-Cap GameAnalisis2 bulan yang lalu更新Wyatt 18,739 23 Gold’s strong performance (up 6.15% in December) confirms this logic, with traditional defensive assets seeing increased investment. Meanwhile, while the stock market has demonstrated index resilience, its internal structure is undergoing profound changes: funds are quietly flowing from overvalued, highly crowded sectors to value and cyclical sectors with more visible cash flow, creating a rebalancing pattern of “stable index, changing structure.”

The kriptocurrency market is inevitably amplified by macroeconomic sentiment and fluctuations in funding conditions. Currently, the market is undergoing a typical high-level correction and repricing process.

Crypto spot trading: Entering a “rebalancing phase,” with no clear trend drivers in sight. Bitcoin experienced a pullback after approaching approximately $126,000 and is currently trading within a highly volatile range of $85,000 to $95,000. This pattern can be seen as a “repricing” and “rebalancing” of the market after a lack of upward momentum. On-chain data shows that selling pressure from long-term holders has eased marginally, but new buying interest remains cautious, with more buying on dips than actively chasing rallies.

Liquidity is a key indicator of short-term sentiment. The flow of funds in spot Bitcoin ETFs is having an increasingly significant impact on the market: continued net outflows will suppress marginal buying power; only when outflows converge and turn into sustained inflows will it be more likely to inject momentum for the resumption of a trending market.

Futures and Options: Leverage Clearing, Pasar Returns to “Healthy Game Play” Excessive leverage in the futures market has been significantly cleared. Open interest (OI) has fallen to a safer level, greatly reducing the risk of a stampede caused by cascading liquidations. A noteworthy signal is that the basis for BTC forward contracts briefly traded at a discount, and driven by hedging activity, the futures-spot spread narrowed to a one-year low, reflecting a cooling of market optimism and increased risk management awareness.

The options market is showing signs of a gradual recovery in sentiment. The implied volatility (IV) of BTC and ETH options has fallen from its highs, indicating that the market is shifting from panic pricing in “sudden shocks” to a more normalized pricing pattern. Although implied volatility skewness suggests some short-term market concerns about a pullback, overall sentiment is recovering. Currently, call options still dominate the position structure, and a large number of options expire on December 26th, making key strike prices important short-term resistance and support levels.

Crypto stocks: Premium recedes, value reassessment in progress The stock performance of listed companies related to cryptocurrencies also reflects the market’s return from frenzy to rationality.

Digital Asset Trusts (DAT): Their market capitalization to net asset value ratio has fallen back to nearly 1, and the significant premium generated in the early stages due to “equity packaging” has been greatly compressed. Their stock price volatility has been amplified by “coin price pullback” and “expectations of potential financing dilution”. Mining and computing power sectors: Valuations show significant divergence. Companies that rely solely on computing power operations are valued more based on cost control and capacity expansion efficiency; while companies with high-quality power and data center resources benefit in part from the market’s “repricing” of their infrastructure’s potential cash flow in the AI computing power field. Menukarkans and compliance platforms: As bridges connecting the traditional and crypto worlds, the scarcity premium of their licenses and compliance channels still exists, but future valuation increases will depend more on institutional business penetration and the actual realization of recurring revenue. Summary and Strategic Outlook The current crypto market is in a “rebalancing phase after a high-level correction.” Macroeconomic uncertainties are suppressing risk appetite, and the market lacks a clear unilateral trend driver. Leverage in the futures market is becoming healthier, and volatility in the options market is declining, making the overall landscape closer to a “healthy zero-sum game.”

In this environment, trend traders may need more patience, waiting for clearer signals from the macroeconomic or financial sectors. For investors focusing on current market characteristics, the following strategic approaches may be considered:

Volatility-neutral: Consider products such as FCNs (Fixed Income Notes) or dual-currency investments that aim to generate potential coupon income by selling volatility. Bullish strategy: Consider using a discount Accumulator to gradually build positions during market fluctuations and use its knock-out (KO) mechanism to control the risk of chasing highs. For those who are bearish or seeking to hedge/reduce positions: Decumulator (decreasing option) or covered call strategies can help reduce positions in batches at a premium during volatility, or provide downside protection for spot positions. For investors who need liquidity but are unwilling to bear the risk of margin calls, margin financing products without margin calls offer a low-interest and controllable risk option. The market’s “repricing” process, where it cools down after the initial turmoil, often marks the beginning of a new cycle. Maintaining vigilance while remaining defensive and seeking structural opportunities within a balanced framework may be a better approach at this stage.

The di atas content is from Daniel Yu, Head of Asset Management, and represents only the author’s personal views.

Disclaimer: Investing in the market involves risks; please exercise caution. This article does not constitute investment advice. Digital asset trading can be extremely risky and volatile. Investment decisions should be made after careful consideration of your individual circumstances and consultation with a financial professional. Matrixport is not responsible for any investment decisions made based on the information provided in this content.

Artikel ini bersumber dari internet: Matrixport Market Observation: Repricing After High-Level Correction – The Crypto Market Enters a New Phase of Zero-Cap Game

Related: The “money-spraying” continues; a summary of recent activities on top Prep DEXs.

Author | Asher ( @Asher_0210 ) In recent months, decentralized exchanges (DEXs) have continued to gain market share from centralized exchanges (CEXs), especially in perpetual contract trading, where the competitive gap between the two has narrowed to an unprecedented level. According to statistics, Perp DEX trading volume surged to a record $1.2 trillion in October, nearly doubling from the previous month. Furthermore, DefiLlama data shows that Perp DEX’s 24-hour trading volume exceeded $45 billion, almost matching that of mainstream centralized platforms. In terms of market structure, Binance ($74.8 billion in 24-hour trading volume) still holds the top spot, but Perp DEX’s total trading volume has surpassed OKX ($33.2 billion), Bybit ($26.6 billion), and Bitget ($11.4 billion). Specifically, among the leading Perp DEXs, Lighter’s 24-hour trading volume exceeded $11.2 billion, ranking…

 

Analisis ## bitcoin# kriptoPertukaran #Pasar #© 版权声明Array 上一篇 2025 Crypto Market In-Depth Report: Institutions, Stablecoins, and Regulation; 2025 Crypto Market Review and 2026 Outlook 下一篇 SIA: Building the Web3 Intelligent Transaction Layer for the AI Era – A Comprehensive Analysis of the Airdrop Campaign 相关文章 Trivia: The first DApp on Ethereum was a prediction market 6086cf14eb90bc67ca4fc62b 17,837 1 Is Crypto Over? Don’t Give Up, Liquidity Relief is on the Way 6086cf14eb90bc67ca4fc62b 7,804 1 30-year interest rate cut cycle reveals patterns: Where will Bitcoin, US stocks, and gold go? 6086cf14eb90bc67ca4fc62b 20,483 Governance failure, airdrop chaos, value mismatch: What kind of tokens does the crypto industry need? 6086cf14eb90bc67ca4fc62b 29,614 24H Hot Coins and News | GENIUS Act enters the House of Representatives review stage; Powell dismisses the possibility o 6086cf14eb90bc67ca4fc62b 28,942 2 Historic moment: Trump officially signs the GENIUS Act 6086cf14eb90bc67ca4fc62b 26,054 3 Bee.com Portal Web3 terbesar di dunia Mitra KoinCarp binance KoinMarketCap KoinGecko hidup koin Armor Unduh Aplikasi Bee Network dan mulai perjalanan web3 Kertas putih Peran Pertanyaan Umum © 2021-2026. Semua Hak Cipta Dilindungi Undang-Undang. Kebijakan pribadi | Ketentuan Layanan Unduh Aplikasi Jaringan Lebah dan memulai perjalanan web3 Portal Web3 terbesar di dunia Mitra CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors Kertas putih Peran Pertanyaan Umum © 2021-2026. Semua Hak Cipta Dilindungi Undang-Undang. Kebijakan pribadi | Ketentuan Layanan Mencari MencariDi dalam SitusDi RantaiSosialBerita 热门推荐： Pemburu Airdrop Analisis data Selebriti Kripto Detektor Perangkap Bahasa Indonesia English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 हिन्दी اردو Русский Bahasa Indonesia

智能索引记录