CryptoQuant analyst Darkfost pointed out that Bitcoin is entering a cost intensive zone of approximately $88400 for 18 month to 2-year holders and $89200 for 6 to 12-month holders, and related investors are facing emotional selling or replenishment tests. Darkfost emphasized that the cost base is based on the average rather than support or resistance lines. The 6 to 12 month holder group has been losing money for nearly a year, and this test will wash out impatient investors. Some investors may reduce costs by replenishing their positions, which could interrupt the upward trend of Bitcoin.

CryptoQuant analyst Darkfost stated that Bitcoin is approaching the average cost price of the two major holding groups, with a cost price of approximately $88350 for 18 month to 2-year investors and $89200 for 6 to 12-month investors. Darkfost pointed out that the cost price is the group average holding cost, and as the price approaches this range, the selling or buying behavior of related investors may affect the upward momentum of Bitcoin.

Standard Chartered Bank predicts that the European Central Bank will cut interest rates by 0.25% in the first quarter of 2028.

Cboe Global Markets is considering launching perpetual futures based on the VIX index to meet customers' demand for VIX spot exposure. Rob Hocking, Global Head of Derivatives at Cboe, stated that perpetual futures are a solution for obtaining VIX spot exposure, and options have advantages such as non-linear returns compared to perpetual futures. He called on regulators to provide clearer guidance on the regulation of perpetual contracts. (Source: Bloomberg)

During the parliamentary debate in the Netherlands, the Secretary of State placed cryptocurrency on par with cognac, gold, silver, and Pok é mon cards, and explained the reasons why cryptocurrency was not included in the proposed tax amendment. The discussion involves the possibility that cryptocurrency ETFs may be subject to different tax rules than directly holding cryptocurrencies. (Source: Bitcoin News)