1. Bitcoin Surges Above $88,000 This Morning Before Pulling Back
2. Federal Reserve Entering Quiet Period, Institutions Maintain December Rate Cut Expectation
3. Altcoins Recovering, PIPPIN Surges Over 148% in 24 Hours
4. TNSR Surges Over 80% in 24 Hours, Currently Trading at $0.1838
5. $213 Million Liquidated in the Past 24 Hours, Majority of Liquidations on Short Positions
1. "Crypto's Strongest Bulls and Bears Dialogue: Has the Four-Year Crypto Cycle Lost Its Edge?"
The 2025 crypto market is at a delicate inflection point: Bitcoin ETF approval, the intertwining of liquidity cycles and debt refinancing periods, AI hype diverting funds, traditional finance and tech giants accelerating blockchain adoption. In such a backdrop, the market structure exhibits anomalies, with a lack of buying interest in small-cap assets, underperformance of high-performance public chains like Solana, and investor sentiment swinging between extreme optimism and panic.
2. "What Have the Mainstream Perp DEXes Been Up To Lately?"
While the entire crypto market seems to be in another "bear market" phase, enthusiasm for new tracks has not diminished much. Especially in the derivatives track of Perp DEX, many traders and community users are focusing more on the high-frequency, structured, and gamified perpetual market. This is why yet-to-launch Perp DEXes can still produce impressive data in a downturn environment.
Daily Market Overall Funding Heatmap (as reflected by Funding Rate) and Token Unlocks
Data Source: Coinglass, TokenUnlocks


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