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Recently, large holders with 1,000 to 10,000 BTC have increased their Bitcoin holdings amid market fear, indicating a contrarian move compared to small and retail investors. Retail investors continue to sell off, while large holders are adding positions at low levels, reflecting different investor sentiments. The market sentiment is currently in a tug-of-war state, but the increase in holdings by large investors may signal a market bottom.

The cryptocurrency derivatives market is experiencing an unprecedented stress test. The options settlement event this Friday (December 26) will be a critical moment to assess market resilience.
Record-breaking position sizes are converging
The options contracts expiring on December 26 involve approximately 300,000 Bitcoin options, with a notional value of up to $23.7 billion, accounting for more than half of the open interest on the world's largest options exchange, Deribit. After including Ethereum options, the total notional value of contracts expiring this cycle reaches $28.5 billion—setting a new record for single-day cryptocurrency options settlements.
To understand what this scale signifies, let's review some benchmark data from this year:
- August options settlement volume was $14.5 billion
- March options settlement volume was approximately $14.3 billion
- The current $28.5 billion is nearly double that of the same period last year
From $5.8 billion, $14.3 billion to $28.5 billion

Bitcoin faces a critical technical test this week. According to the latest research by crypto analyst Gamza Khanzadaev, if Bitcoin cannot close above $90,000 on the weekly chart, it will confirm a bearish death cross pattern—an important signal of a market sentiment shift.
As of the latest market data, BTC is fluctuating around $90.83K, with minimal movement in the past 24 hours. This low-volume consolidation increases technical risks. Analysts warn that if the key support at $86,000 is not maintained, the market may be forced to test the psychological level of $80,000, the Fibonacci retracement zone at $74,111, and potentially drop to $67,000.
What is a death cross, and why is the market paying close attention?
In simple terms, a death cross is a technical pattern where the short-term moving average (50-week) falls below the long-term moving average (200-week).

The recent sharp fluctuation in the digital asset market has once again sparked in-depth reflections among market participants on the price discovery mechanism. On December 17, Bitcoin (BTC) experienced extreme volatility within just two hours, reflecting structural issues present in the current leveraged trading environment and provoking strong reactions from all involved parties.
Leverage Out of Control Creates Market Anomalies
According to The Kobeissi Letter's monitoring, Bitcoin rapidly surged about $3,000 within one hour on December 17, breaking through the $80,000 mark to exceed $90,000. This rapid increase led to the liquidation of large-scale short positions, with losses exceeding $120 million.
What followed was a reversal: Bitcoin quickly turned downward, retreating to the mid-$80,000 range. The Kobeissi Letter pointed out that this entire process triggered approximately

Have you often heard the term "maintenance margin" but never quite understood what it means? Simply put, the maintenance margin requirement is the minimum amount of principal you must keep in your account when trading on leverage or trading derivatives. This is not a suggestion; it is a strict regulation—you must comply.
The Unspoken Rules of Leveraged Trading
Suppose you have only $5,000 USD but want to buy stocks worth $10,000 USD. The broker lends you an additional $5,000 USD, which is margin trading. The question is: what is your minimum principal?
The broker will set an initial margin requirement (usually around 50%) and also a maintenance margin requirement (commonly 30%). For example:
- You open a position with a 50% initial margin requirement: investing $5,000 USD principal
- The broker stipulates a 30% maintenance margin
- This means that your equity in the account must remain at $3,000 USD

A 20-year-old internet cultural icon becoming a blockchain investment legend
The performance of 114514 coins after launching in January 2026 is astonishing. In just 11 days, an initial investment of $321 skyrocketed to $2.18 million, with a return of 6800 times. Even more incredible, the coin's price surged 597% within 24 hours, and its market cap once broke through $40 million. Behind these magical numbers lies a bizarre story spanning two centuries, connecting East Asian internet culture with crypto finance.
From Japanese ACG culture to global Meme symbols
To understand the explosion of 114514, we must trace back to 2001. In a Japanese adult video released that year, an actor uttered the Japanese phrase "いいよ!こいよ!" ("Sure! Come on!"). The pronunciation of this phrase coincidentally sounds like "114514"—a seemingly random combination of numbers, but one that...

Bitcoin is currently stable around $90.44K, with a slight increase of 0.22%. Discussion centers on the impact of a potential drop to $74K on major holder Strategy. Despite potential risks, experts highlight Strategy's strong balance sheet and lack of secured debt, indicating low bankruptcy risk. Concerns about liquidity and stock price performance arise due to market conditions and regulatory changes, but excessive stock issuance could dilute shareholder value, raising long-term challenges.

The NT dollar to Japanese Yen exchange rate has reached 4.85, and the demand for travel to Japan and Yen investments is heating up. If you're also considering exchanging for Yen, the key isn't "whether to exchange" but "how to exchange most cost-effectively." We have compiled the latest 4 Yen exchange channels, cost comparisons, and selection frameworks to help you get it all done at once.
Why is now a good time to pay attention to Yen exchange?
The Yen is not just pocket money for travel; its role in the daily lives and investment portfolios of Taiwanese people is changing.
Daily consumption: travel, purchasing agents, studying abroad
Most shopping streets in Tokyo and Osaka still primarily use cash transactions (credit card penetration is only 60%). From skiing in Hokkaido, vacations in Okinawa, to purchasing demand for Japanese cosmetics, clothing, and anime merchandise, Taiwanese demand for Yen cash remains strong. Additionally, those planning to study or work in Japan usually exchange Yen in advance to avoid costs increased by sudden exchange rate fluctuations.

How Does the US Dollar Index Influence Your Investment Portfolio?
Whenever financial markets experience volatility, the most common terms investors hear are "US Dollar Index strengthening" or "US Dollar Index weakening." But what does this number actually represent? Why can it impact the performance of your US stocks, gold, and even Taiwan stocks?
In fact, the US Dollar Index (USDX or DXY) is simply a measure of the dollar's strength relative to a basket of major international currencies, but its influence far exceeds what many investors imagine. Since the US dollar is the world's primary settlement currency for transactions—ranging from crude oil and gold to various commodity futures—any fluctuations in the dollar index can trigger a chain reaction across global financial markets.
Understanding the Essence of the US Dollar Index: What Is It Really Measuring?
Unlike other indices (such as the S&P 500 or Dow Jones Industrial Average) that track stock performance, the US Dollar Index measures the strength of the dollar against six major international currencies.

Inflation is coming, and bank interest rates can't keep up with rising prices. Relying solely on salary makes it difficult to accumulate wealth. But there are thousands of investment tools available, such as stocks, funds, foreign exchange, cryptocurrencies, and fixed deposits. Which one should you choose? Many people fail in investing not because they pick the wrong tools, but because they don't understand their own investment personality and goals. This article will help you clarify the characteristics of five common investment tools, allowing you to quickly find the investment path that suits you best.
Three Things You Must Clarify Before Choosing an Investment Tool
First: Recognize Your Risk Tolerance
The most common mistake among novice investors is not understanding how much volatility they can withstand. Some people cannot tolerate asset declines and watch daily fluctuations with anxiety. These individuals should choose tools with lower volatility and more stable returns. Conversely, if you can accept short-term asset fluctuations and have the time to accompany your investments for long-term growth, you might consider higher-potential assets.

Why should you pay attention to the Philadelphia Semiconductor Index?
AI is booming, chip prices are rising steadily, and more investors want to capitalize on this wave of benefits. However, selecting individual stocks carries high risks and the potential to fall into traps. At this point, the Philadelphia Semiconductor Index (SOX) becomes the preferred choice for many.
Compared to betting on a single company, tracking the entire semiconductor industry is more reliable. The Philadelphia Semiconductor Index includes 30 US-listed semiconductor companies, covering the full industry chain from chip design, manufacturing, to sales, providing a comprehensive reflection of industry trends.
Data speaks: From June 2008 to June 2022, over 14 years, the SOX index delivered a return of 637.9%, far surpassing the S&P 500's 209.6%. By May 2024, SOX even hit a record high of 40,077.4 points.
What is the Philadelphia Semiconductor Index?
Simply put, SOX is a jointly launched index by NASDAQ and the Philadelphia Stock Exchange.

Why do investors need to master technical indicators?
In stock investing, the core challenge investors face is: how to accurately grasp the timing of entry and exit? Fundamental analysis tells you whether a stock is worth buying, but technical analysis reveals the best time to buy.
Technical indicators are the solution to this problem. They analyze historical price data and present market patterns in the form of lines or curves, helping investors identify trends, discover turning points, and assess market heat. Compared to candlestick pattern analysis, technical indicators have the advantages of low entry barriers and straightforward interpretation, allowing beginners to get started quickly.
Detailed explanation of the four commonly used indicators: from basic to advanced
The first line of defense: Moving Average (MA)
The Moving Average (MA) is the most frequently used technical indicator in the market and also the easiest to understand.
The calculation method is very simple:
N-day moving average

The Renminbi ushers in a reversal cycle; what is the future outlook for appreciation?
2025 can be considered the turning point for the Renminbi exchange rate. After depreciating against the US dollar for three consecutive years from 2022 to 2024, the Renminbi has finally reversed its downward trend. The USD to Renminbi exchange rate fluctuated between 7.04 and 7.3, appreciating approximately 3% over the year, a rare positive performance in recent years.
Most notably, on December 15, the Renminbi against the US dollar broke through the 7.05 level strongly, then continued to rise to 7.0404, hitting a new 14-month high. The offshore market performed even better, with USD to offshore Renminbi fluctuating between 7.02 and 7.4, making it more susceptible to international factors compared to the onshore market.
This wave of appreciation was not accidental. Although in the first half of the year, due to global tariff policy uncertainties and a strengthening dollar, offshore Renminbi temporarily broke below 7.40, reaching a new low since the 2015 exchange rate reform. However, in the second half of the year, as

The robotics industry is迎來 a historic development window. As artificial intelligence technology matures and its applications are implemented, the entire industry chain—from upstream components to downstream system integration—is experiencing unprecedented expansion and upgrading. For investors, robotics concept stocks represent the future direction of technology, but they are also full of challenges and opportunities.
The true meaning and investment logic of robotics concept stocks
When we talk about "robotics concept stocks," we refer to publicly traded companies engaged in robotics research and development, manufacturing, and application promotion. These companies do not necessarily produce robots directly but play a key role in various links of the industry chain—from basic components like motor drives to AI software development, and to overall system integration—all forming a complete robotics ecosystem.
In recent years, the application fields of robotics have expanded rapidly. From traditional industrial manufacturing to healthcare, logistics, national defense, and other sectors, industry segmentation is continuously becoming more detailed.

Why is it important to recognize currency symbols from different countries?
When engaging in international transactions, forex investments, or cross-border payments, quickly identifying the currencies involved is crucial. Currency symbols serve as a visual shorthand that helps us instantly determine the currency type in a transaction. Compared to writing out "40 USD," simply marking "$40" not only saves space but also significantly reduces the risk of misreading.
Especially in the foreign exchange market, when you see currency pair notation like "EUR/USD," you can immediately understand that it represents the exchange rate between the Euro and the US Dollar.
Global Major Currency Symbols Quick Reference Table
Below are the currency symbols for major economies in Asia, Europe, the Americas, and Africa:
| Region | Country | Currency Name | Currency Code | Symbol |
|--------|---------|--------------|--------------|--------|
| Asia

In digital asset trading, technical patterns are important tools for predicting price reversals. Among them, the Head and Shoulders Top and Head and Shoulders Bottom are the most classic and practical pattern types. Many traders make big profits by identifying these two patterns, but some also fall into traps due to incomplete understanding. This article will analyze these two patterns from a practical perspective and tell you exactly how to use them.
First, understand the Head and Shoulders Top: Why does the stock price stop rising?
The core logic of the Head and Shoulders Top is simple: higher highs are decreasing, indicating that the upward momentum is weakening.
Imagine this scenario: a certain coin first rises to a high point (left shoulder), investors start taking profits, but others remain optimistic about the future and continue buying. Trading volume increases, and the price continues to rise, breaking through the left shoulder to form a new high (head).
But the problem arises—when the price keeps rising, the selling pressure actually increases. Everyone wants to sell at the highest point, resulting in gradually shrinking buying interest. When the selling volume begins to exceed the buying volume, the head

What are odd lots? Why is it important to understand how to buy odd lots?
The standard trading volume for stocks is one lot (1,000 shares), but investors often hold less than 1,000 shares due to unfilled orders or stock distribution, which are called "odd lots." The minimum trading unit for odd lots is 1 share, also known as "stock leftovers."
The emergence of odd lot trading mainly addresses the issue of fractional stocks resulting from incomplete transactions or stock dividends and distributions. Rapid price fluctuations or insufficient trading volume can also cause orders to be only partially filled.
How to buy odd lots? What are the restrictions during trading hours?
In the past, odd lot trading was only available after market hours, and the trading hours and volume could not meet the needs of small investors. Since October 26, 2020, the Taiwan Stock Exchange has allowed investors to buy and sell odd lots during regular trading hours. The trading rules are as follows:
| Trading Scenario | Time