Yesterday's long positions were quite profitable

Ten thousand points profit
Bitcoin and Ethereum both rebounded and rose nearly 20% yesterday
But that doesn't mean the rise has started

Our December 17 weekly forecast is actually based on weekly support levels; the market arrived earlier than expected. The low point support is above 58,000, and we haven't reached it yet. It's also uncertain whether it will test that level again, just a quick note.

This wave of decline has many reports suggesting it is closely related to BlackRock's IBIT liquidation. However, although there was net outflow from Bitcoin spot ETFs in the primary market, the volume of outflows isn't significant. BlackRock investors withdrew less than 3,000 Bitcoins, which isn't enough to influence the spot market trend. ETFs are not only about the primary market but also the secondary market. Indeed, the secondary market experienced the largest trading volume in history, possibly due to a massive liquidation. But this liquidation is unrelated to Bitcoin spot holdings; it’s just ETF-to-ETF clearing. The Bitcoin behind the ETF has not seen large-scale selling.

The overall trend of the world is that unity leads to division, and division leads to unity. The crypto world is the same—big rises are followed by big drops, and big drops are followed by big rises. All driven by human operation. Bitcoin in 2026 remains promising.