2025-12-29 11:10:37

#数字资产市场动态 Bitcoin is back! Today’s rally is fierce, with the total open interest across the market increasing by $2 billion in one go. The drop from $126,000 to $88,000 is still fresh in our minds (a 30% decline), and now it’s climbing again—this pace is a bit dizzying.

Let’s look at what the data says. The significant increase in open interest sounds like market confidence is returning. But CryptoQuant’s analysis points out that such rapid accumulation of leveraged positions is often short-term. In other words, traders are quick in and out, and the market is still "making moves." The real danger lies here—rising prices built on leverage can actually undermine the process of forming a healthy bottom in the market. Want a truly sustainable rebound? That’s not an easy feat.

Adding to this, Bloomberg analyst Mike McGlone’s warning is in the front. He believes 2025 could be the peak for cryptocurrency prices, followed by a prolonged decline, possibly dropping to $10,000. Looking at this wave of market action, I have to say it’s a bit frightening.

By the way, how can you avoid getting "cut" in such a market? Here are three tips: First, don’t blindly chase the rally; with such short-term volatility, it’s easy to get caught. Second, diversify your holdings—don’t put all your funds into $BTC; assets like ETH and gold can also be part of your portfolio. Third, be patient—don’t get blinded by the "celebration" of short-term ups and downs. Bitcoin’s anti-inflation and decentralization attributes are the real reasons it can go this far.

So, is this a continuation of the bull market? Or a prelude to a big drop? Is McGlone’s prediction reliable? What’s your opinion? Share your thoughts in the comments below.

BTC-0.38%

ETH-0.49%

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OnchainHolmes

· 5h ago

Leverage stacking, I've seen this trick many times, and in the end, it's still a game for bagholders. To be honest, McGlone's predictions are a bit scary, but at the $10,000 price level... let's see how it goes. I really can't take it anymore, whether it goes up or down, I get cut? Then I might as well just steadily invest in ETH. The increase in holdings to 2 billion sounds impressive, but it could also lead to a dump? This market is a bit hopeless. Dispersing risk is correct, but gold is a bit boring, and it's better to look more at layer2 solutions. Peak in 2025? If that's really the case, should we sell now? Or wait and see... I'm really afraid of the leverage game, better to think about how to do low-cost dollar-cost averaging.

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DeFiChef

· 5h ago

The gains built on leverage will eventually have to be paid back. I believe McGlone's prediction, $10,000 is not out of reach. I'm stunned again, got a scare. This wave of market looks exciting, but it's all paper wealth. To those chasing the rally, be careful... the true bottom should be even lower. Diversified allocation is the way to go, don't put all your assets into BTC. This rhythm is indeed strange, it feels like the market is planning a big move. With such intense short-term volatility, I no longer look at candlestick charts, it's too heartbreaking. McGlone's words make sense; market peaks often come when you're feeling the best. I mentioned a 30% decline back then; the bottom hasn't arrived yet. Leverage trading isn't my thing; it's too easy to get liquidated. In this kind of market, it's better to lie low.

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WalletAnxietyPatient

· 6h ago

The higher the leverage, the more dangerous it is. The recent increase to a $2 billion position looks quite alarming. McGlone's prediction of $10,000 definitely keeps me awake at night. With such large short-term fluctuations, I now prefer not to chase. I'll allocate some ETH and gold to ease my nerves.

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just_vibin_onchain

· 6h ago

Leverage stacking is a tired trick, always the same way to cut... Feels like McGlone is not wrong --- It's all about quick in and out again, when will true confidence return? --- $10,000? Laughing. By then, you'll still need to buy the dip, but chasing the rally now is really stupid --- Diversified allocation is reliable, don't entrust your life to just one Bitcoin --- This wave of gains looks exciting, but it's really just leverage playing with fire. Clearing positions will look very bad --- McGlone predicts every time but this time I feel he might be right --- With such fierce short-term volatility, I've already started reducing my position. I don't want to get caught in a trap --- Honestly, increasing holdings isn't necessarily a good thing; it can easily lead to a stampede --- Sustainable rebound? Don't even think about it, this market is still in the stage of stirring up trouble --- Healthy bottoms are too虚虚, surviving is more important than anything else

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GateUser-9ad11037

· 6h ago

Leverage stacking, I've seen this trick many times, and in the end, it's just a pile of chicken feathers. --- McGlone said it would drop to 10,000? I doubt it, I forgot how he said it last year. --- It's another quick in and out, the real bottom hasn't been reached yet, don't rush. --- Diversified allocation is still a reliable suggestion, going all-in on BTC is indeed a bit刺激. --- A 30% drop without blinking, now the rally makes us more cautious. --- What are you afraid of? It still needs to fall if it’s going to, no way to avoid clearing out the floating positions. --- Feels like the market is still testing the bottom, this rally is a bit虚, lacking confidence. --- I just want to know if institutions are really bottom fishing this time or just dumping. --- Don't trust analysts, trust data, but even the data is hard to understand right now. --- Patience is right, but the premise is to survive until that day, otherwise everything is meaningless. --- An increase of 2 billion in holdings, then suddenly zeroing out is not impossible. --- At this pace, either a bull market is coming or it's just a false breakout. --- Last year, McGlone also said the same, and the result? Just messing around.

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ChainProspector

· 6h ago

Leverage-driven rebounds might just be a prelude to cutting leeks, be cautious McGlone's prediction of $10,000... just listen, don't take it seriously It's another quick in and out, this rotation feels very strong Diversifying your holdings is a good suggestion, but honestly everyone is all in on BTC This rhythm is indeed a bit strange, from a 30% drop to now, it feels like they are accumulating Basically, I just want to know the current attitude of institutions, is increasing holdings a good thing or a trap Having survived a 30% decline, the psychological readiness is almost there, continue to go all-in? Afraid to chase the rally, worried about becoming the bagholder in this round McGlone's reliability doesn't matter, the key is not to be blinded by FOMO With such fierce short-term volatility, why bother fussing? HODL is the way to go

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