January 12 Market Dynamics

I. Macro Trends

1. Market Trend: BTC fluctuates at high levels, ETH series surge.

2. U.S stocks are volatile. The inflation rate of December CPI accelerates, and the Federal Reserve has no hope of cutting interest rates in the first half of the year.

II. Market Hotspots

1. BTC is on an upward trend. Spot ETF opened high and went low, GBTC's trapped disk was unlocked and shipped out. The trend of BTC on ETF is similar to that of long-hyped altcoins on Bn, which needs several months of washing before it can have a second main wave rise.

2.Public chain ETH rises, with its ecosystem ETC, ENS, PENDLE, METIS,ZKF etc surging significantly.The narrative for the market in the first half will shift towards eth; mid-March Cancun upgrade; end-May approval for ETH spot ETFs.Most likely ETH will rise by 50%, large-cap L2 by 100%, small-cap ecology by 300-400%, ending with a Meme project rising tenfold.

3.New public chain SUI surged significantly.The TVL growth rate reached $260 million quickly due to ecological subsidies incentives.There may be opportunities for speculation in later stages for ecological projects on SUI.

4.Platform coin OX surged.Zhusu,the founder of OX exchange,tweeted his optimism about bull market.Zhusu was good at pulling up prices during last bull run,and there are speculations that he would do so again with his own platform coin this time around.
   
5.Meme's PEOPLE surged.Interestingly,this PEOPLE always pulls up sharply when BTC falls,becoming an inverse investment target for those bearish on BTC.