活動前後經歷一波搶購潮。

2025年新年伊始，市場似乎在震盪下跌中開始了逐步的價格復甦。

coins may continue to trade in a narrow range before the inauguration.

就職典禮前，硬幣可能會繼續窄幅波動。

Crypto Dog said that after Trump takes office, the cryptocurrency market may usher in a period of rapid上涨, and institutions and pension funds will enter the market on a large scale. He also said that the price of Bitcoin may rise to $120,000 in the first quarter.

Crypto Dog表示，川普上任後，加密貨幣市場或將迎來快速上漲時期，機構和退休基金將大規模入市。他也表示，第一季比特幣價格可能上漲至12萬美元。

However, he pointed out that the market may experience a wave of profit-taking around January 15, which could lead to a pullback in the cryptocurrency market. He added that the market may bottom out around January 18, before which traders should "sell profits in time and stop profits during the trading period."

不過他指出，1月15日左右市場可能會出現一波獲利了結，這可能會導致加密貨幣市場回檔。他補充說，市場可能會在1月18日左右見底，在此之前交易者應「及時賣出利潤，並在交易期間止盈」。

CryptoSlate founder: The bear market is over, but the bull market may not last long

CryptoSlate創辦人：熊市已經結束，但牛市可能不會持續太久

In a recent analysis, CryptoSlate founder and veteran cryptocurrency trader Ryan Selkis said that the bear market in cryptocurrencies is over, but the bull market may not last long.

CryptoSlate創辦人、資深加密貨幣交易員Ryan Selkis在最近的分析中表示，加密貨幣的熊市已經結束，但牛市可能不會持續太久。

Selkis said that the bear market in cryptocurrencies ended on December 28 last year, when the total market capitalization of cryptocurrencies fell below $1.3 trillion and Bitcoin fell below $89,000. He pointed out that the bear market lasted for 220 days, during which the total market value of cryptocurrencies fell by 50%, while Bitcoin fell by 40%.

Selkis表示，加密貨幣的熊市在去年12月28日結束，當時加密貨幣總市值跌破1.3兆美元，比特幣跌破8.9萬美元。他指出，熊市持續了220天，期間加密貨幣總市值下跌了50%，而比特幣則下跌了40%。

He added that the bear market ended earlier than expected and was driven by several factors, including the collapse of the FTX exchange, the arrest of its founder Sam Bankman-Fried, and the subsequent investigation by the US Department of Justice. He also said that the bear market was exacerbated by the macroeconomic downturn in the United States, which led to rising unemployment and inflation.

他補充說，熊市結束得比預期要早，是由幾個因素推動的，包括FTX交易所的崩潰、其創始人薩姆·班克曼-弗里德(Sam Bankman-Fried)被捕以及美國司法部隨後的調查。他還表示，美國宏觀經濟低迷加劇了熊市，導致失業率和通膨上升。

However, Selkis said that the bull market in cryptocurrencies may not last long and could end in the second quarter of 2025. He pointed out that the bull market is usually driven by institutional capital and that institutions may withdraw their capital from cryptocurrencies in the second quarter. He also said that the bull market could be hampered by regulatory pressures and macroeconomic headwinds.output: Original｜Odaily Planet Daily

不過，Selkis表示，加密貨幣的多頭市場可能不會持續太久，可能會在2025年第二季結束。出資金。他也表示，牛市可能會受到監管壓力和宏觀經濟逆風的阻礙。

Author: Wenser

作者：溫瑟

At the beginning of the new year 2025, the market seems to have started a gradual price recovery amidst the volatile decline.

2025年新年伊始，市場似乎在震盪下跌中開始了逐步的價格復甦。

Around 10 am today, the price of BTC once rose above $99,000 and is currently around $98,800; ETH rebounded from around $3,300 on January 1 to above $3,600; SOL also gradually rebounded from around $180 on January 1 to above $210. As the date of Trump's inauguration as the US president approaches, market sentiment is gradually warming up. Odaily Planet Daily will summarize the recent market views in this article for readers' reference.

今天上午10點左右，BTC價格一度突破99,000美元，目前在98,800美元附近； ETH從1月1日的3,300美元左右反彈至3,600美元以上； SOL也從1月1日的180美元左右逐漸反彈至210美元以上。隨著川普就任美國總統的日期臨近，市場情緒也逐漸升溫。 Odaily星球日報將近期的市場觀點總結在本文中，供讀者參考。

Buying continues: Buying funds at the national, institutional and corporate levels have long existed

購買仍在繼續：國家、機構和企業層面的購買基金早已存在

The price recovery is naturally inseparable from the influx of buying. After experiencing the "Christmas shock", the New Year's buying power now seems to still exist for a long time and become increasingly strong.

價格回升自然離不開大量買盤。經歷了「聖誕衝擊」之後，新年的購買力現在看來依然存在很長一段時間，而且愈發強勁。

Data: Bitcoin spot ETF historical cumulative net inflow has reached 35.909 billion US dollars

數據：比特幣現貨ETF歷史累計淨流入已達359.09億美元

According to SoSoValue data, as of January 3, the total net asset value of the Bitcoin spot ETF was $111.46 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) was 5.72%, and the historical cumulative net inflow reached $35.91 billion; the total net asset value of the Ethereum spot ETF was $13.03 billion, the ETF net asset ratio (market value as a percentage of the total market value of Ethereum) was 3%, and the historical cumulative net inflow reached $2.64 billion.

SoSoValue數據顯示，截至1月3日，比特幣現貨ETF總資產淨值為1114.6億美元，ETF淨資產佔比（市值佔比特幣總市值的百分比）為5.72%，歷史最高水準累計淨流入達359.1億美元；以太幣現貨ETF總資產淨值為130.3億美元，ETF淨資產佔比（市值佔以太坊總市值的比例）為3%，歷史累計淨流入達26.4億美元。

In addition, the institutional report also showed confidence in the continued net inflow of funds into Bitcoin spot ETF and Ethereum spot ETF in 2025.

此外，機構報告也顯示出對2025年資金持續淨流入比特幣現貨ETF和以太坊現貨ETF的信心。

Steno Research: Bitcoin and Ethereum ETFs are expected to have net inflows of $48 billion and $28.5 billion respectively in 2025; BTC rises to a minimum of $150,000

Steno Research：預計2025年比特幣和以太幣ETF淨流入分別為480億美元和285億美元； BTC漲至最低15萬美元

In a recent report, Steno Research said that its bullish forecasts for BTC and ETH prices reflect "an unprecedented favorable regulatory environment for cryptocurrencies, a supportive macroeconomic environment marked by falling interest rates and improved liquidity, and Bitcoin's historically strong performance after the halving."

Steno Research 在最近的一份報告中表示，其對BTC 和ETH 價格的看漲預測反映了「加密貨幣前所未有的有利監管環境、以利率下降和流動性改善為標誌的支持性宏觀經濟環境，以及比特幣在減半後的歷史強勁表現。

It also said, “In addition, institutional adoption is expected to reach unprecedented levels, and the massive inflow of funds into US Bitcoin and Ethereum ETFs will further drive this trend.”

它還表示，“此外，機構採用預計將達到前所未有的水平，資金大量流入美國比特幣和以太坊ETF將進一步推動這一趨勢。”

Steno expects BTC and ETH ETFs to see net inflows of $48 billion and $28.5 billion, respectively, in 2025. In addition, the report said that DApp TVL is

Steno 預計 2025 年 BTC 和 ETH ETF 淨流入將分別為 480 億美元和 285 億美元。