[China Merchants Bank States Yen Carry Trade Reversal Will Suppress Global Asset Liquidity in the Long Term] China Merchants Bank released a research report indicating that the Bank of Japan raised interest rates by 25bp on December 19, increasing the policy rate to 0.75%. The reversal of yen liquidity and the Japanese bond market will exert pressure on global financial conditions. As of the end of 2024, approximately $9 trillion in positions still rely on low-interest yen as a source of liquidity, and this portion of liquidity may steadily contract as the U.S.-Japan interest rate differential narrows. Additionally, the fiscal expansion stance of the Sanae Takaichi government may trigger market concerns, leading to further fermentation of Japanese bond risks and a steep upward movement in medium- and long-term yields.

[A Whale Uses 15x Leverage to Short $105 Million ETH, Floating Profit of $12.55 Million] A whale used 15x leverage to short 35,221 ETH (approximately $105 million), currently with a floating profit of $12.55 million, and has earned $3.14 million from funding fees. The whale's opening average price was $3,332.52, with a liquidation price of $3,855.54.

[Vitalik: The mission of cryptocurrency to empower humanity has never changed] Vitalik Buterin tweeted that cryptocurrency has been committed to empowering humanity since its inception, and this mission has never changed. Before the emergence of cryptocurrency, 'empowerment' was already a core philosophy of the Pirate Party.

Monitoring shows that a newly created wallet has deposited $1 million USDC into HyperLiquid. The address immediately opened BTC long positions and ETH short positions. The above positions were all leveraged at 5 times. （Onchain Lens）

From the perspective of membership indicators, the buying and selling power of large market orders has been basically balanced in the past 12 hours, but the latest three consecutive large market sell orders have sold a total of $4.59 million, indicating that the main force may be quietly adjusting their positions. Of particular note is that the large market price sell order at 13:03 had a turnover of $107000, directly suppressing the price to $88316. The current 1-hour cycle K-line shows a black three soldier pattern, coupled with the continuous reduction of MACD bar chart, and downward momentum is accumulating. Although the price is still above EMA24/52, there is significant pressure at the top. Proactively grasp the main trend and accurately capture the signals of changes! Open membership immediately and unlock large transaction indicators. The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.