#美联储降息 Market Observation for December 13

Yesterday, Bitcoin followed US stocks upward, recovering the declines from a couple of days ago. Currently, the price is hovering around the level it was early yesterday morning, feeling like we're back to waiting for the weekend.

Ethereum experienced a spike yesterday—many leveraged longs were liquidated, including some large holders. But after this liquidation, the rebound also started. Interestingly, the large holders who were liquidated have re-entered positions.

By the way, on the precious metals side, silver has surged above $63 per ounce, reaching a new all-time high. Silver's market always surprises you unexpectedly.

On the macro front, US initial jobless claims came in at 236,000, slightly higher than the expected 220,000. Meanwhile, the Federal Reserve's stance remains dovish, which is positive for risk assets. However, the appeal of short-term bonds and gold is decreasing.

On the blockchain side, there is also movement—The US is pushing the SEC to allow 401(k) accounts to directly hold Bitcoin. Additionally, some large holders have staked 25,000 ETH. These on-chain data changes are being closely monitored by the market.