Bitget Daily Briefing (December 10) | 1.38 billion LINEA unlocked today; Crypto Market total liquidation of $432 million, with $308 million in short liquidations; Trump to initiate the final round of interviews for Federal Reserve Chair candidates this week

Today's Outlook

1. Cathie Wood: Bitcoin is entering a new phase with smaller pullbacks, and institutional adoption of Bitcoin may prevent significant price declines.

2. The U.S. Senate version of the cryptocurrency market structure bill is expected to be released this week, with hearings and voting scheduled for next week.

3. The SEC Chairman hinted that the new year will see a swift advancement of the key agenda for cryptocurrency regulation, stating, "The best is yet to come."

4. Trump: May lower tariffs on some goods; an immediate interest rate cut is the "touchstone" for the new Fed Chair.

Macro & Hot Topics

1. The U.S. Bureau of Labor Statistics confirmed that December inflation and employment data will be released in January next year.

2. Trump will initiate the final round of interviews for the Fed Chair candidates this week.

3. Hassett: The Fed has ample room for significant interest rate cuts.

Market Trends

1. In the past 24 hours, the cryptocurrency market saw a total liquidation of $432 million, with $308 million from short positions. BTC liquidations amounted to $170 million, while ETH liquidations reached $136 million.

2. U.S. stocks: The Dow Jones fell 0.38%, the S&P 500 was down 0.09%, and the Nasdaq Composite rose 0.13%. Additionally, Nvidia (NVDA) was down 0.31%, Circle (CRCL) rose 5.86%, and Strategy (MSTR) increased by 2.89%.

3. Bitget BTC/USDT liquidation map shows: The current price range for BTC (around $92,000--$93,000) is a high-density liquidation zone for long positions, with cumulative long leverage significantly declining in this area, indicating concentrated long risk. In the price increase range (above $95,000), short positions are rapidly accumulating leverage, suggesting that once a breakout occurs, shorts will face concentrated liquidation pressure.

4. In the past 24 hours, BTC spot inflow was approximately $142 million, outflow was about $161 million, resulting in a net outflow of $19 million.

News Updates

1. Bitcoin treasury company Twenty One saw its stock price drop by 20% after merging with Cantor Equity.

2. SEC Chairman: Many types of cryptocurrency ICOs do not fall under the SEC's jurisdiction.

3. Data: Corporate Bitcoin treasuries have grown over 448% in two years, with total holdings surpassing 1.08 million BTC.

4. The Information: ChatGPT's weekly active users are approaching 900 million.

Project Progress

1. U.S. company Nicholas Financial Corporation has submitted an application to the SEC to launch a Bitcoin ETF that only holds Bitcoin assets overnight, completely avoiding U.S. trading hours.

2. RWA tokenization network Real Finance announced it has raised $29 million in a private funding round.

3. Strive launched a $500 million SATA stock ATM financing plan, with part of the net proceeds to be used for purchasing Bitcoin.

4. Ethena Labs withdrew 1.59 billion ENA from Coinbase Prime, valued at approximately $443 million.

5. Octra will conduct a $20 million public token sale on Sonar at a valuation of $200 million on December 18.

6. TRUMP official: A mobile game "Trump Billionaires Club" using TRUMP tokens will be launched.

7. The established privacy project Horizen has relaunched as a Layer 3 network on Base.

8. Standard Chartered has lowered its "Bitcoin 2025 forecast" to $100,000, with the long-term target postponed to 2030.

9. Yesterday, an Ethereum Foundation-associated address deposited 5,748 ETH into Kraken.

10. Linea (LINEA) will unlock approximately 1.38 billion tokens tonight at 7 PM (UTC+8), with a circulation ratio of 6.67%, valued at about $11.1 million.

**Disclaimer: This report is generated by AI, and human input is only for information verification, not for any investment advice.