#数字资产市场洞察 The global financial market remains hot around Christmas—gold and silver hit new highs, while the US dollar and US treasuries continue to weaken, so why did it specifically bypass encryption assets?

Bitcoin is stuck in the range of $87,000 to $89,000, caught in a stalemate. The market that should have surged has yet to materialize, and this pace is indeed a bit ridiculous. With ample macro liquidity and funds searching for outlets everywhere, why hasn't there been an influx into the crypto market?

There are currently three possibilities in the game: first, the market is brewing a larger breakthrough, and the sideways movement is just a buildup; second, funds are adopting a conservative strategy and turning to safe-haven assets; third, there are not enough catalysts in the short term, and we can only continue to oscillate and wait. Whether the performance of risk assets like $DOGE can turn the situation around still depends on the subsequent market rhythm.

How the Christmas market will play out ultimately depends on how long this macro tailwind can last.