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taishiro
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NFP could be the next major catalyst for crypto, but the market has more to digest than just employment numbers.
BTC has recovered above $80K after bouncing from $75.6K, while roughly $300M in short liquidations helped fuel the move. Still, miner pressure, Riot's BTC sales and regulatory uncertainty remain significant headwinds.
SOL has a stronger fundamental story.
中线情报哥
#Nonfarm payrolls are imminent, can employment data strengthen the December rate hike expectations?
Brothers, mid-term intelligence here to report today's BTC and SOL updates, bulls and bears tugging, stay focused!
$BTC rebounded from 75,600 after the midterm elections to break 80,000, triggering 300 million short positions.
But risks are high: Democratic sweep causes regulatory uncertainty, CLARITY Act stalled;
Riot sold 20,000 BTC wildly in the first nine months (over half in Q3), holdings down 79% focusing on AI;
Hashrate price dropped 17.54% squeezing miners' cash flow, hackers laundering SOL to BTC causing Block's gross profit to drop 50%, pressuring sentiment.
$SOL highlights: Schroders with 1.1 trillion AUM enters bond tokenization, monthly transactions 3.38 billion (up 81% YoY), over a thousand days without interruption, Stripe stablecoin payments launched, SKR repurchased and burned 1.2 million.
But hackers still laundered 81% of stolen SOL via THORChain.
$ETH faces resistance at 2450
Mid-term view: BTC rebound faces regulatory and selling pressure, SOL fundamentals strong but disturbed by hackers. Currently controlling positions defensively, waiting for signals!
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