ImaginaryWhale

The global investment market outlook for 2026 is clear, with stable fiscal and monetary policies, attracting increased risk appetite. Asset classes such as AI, gold, India, and cryptocurrencies present new investment opportunities. Gold is returning to the monetary stage, and BDCs also appear more valuable. Short-term cryptocurrency signals require cautious observation. Overall, clear policies provide a stable investment foundation.

In late December, a significant liquidation event occurred in the cryptocurrency derivatives market, resulting in approximately $154 million in forced liquidations within 24 hours. The majority of liquidations affected long positions, amounting to about $91.6 million, whereas short positions totaled $62.1 million. Bitcoin and Ethereum dominated the liquidations, accounting for over 60% of the total.

According to CME analysis, there is an 84.5% probability that the Federal Reserve will keep interest rates unchanged in January, and the likelihood of a rate cut is low. The market supports the Fed's cautious stance, and by 2025, there are complex scenarios coexisting regarding monetary policy.

The essay discusses Bitcoin's halving events and their significant impact on the cryptocurrency's mining industry. It highlights the challenges faced by miners, including rising mining difficulty and the need for efficiency improvements, while also addressing a shift towards sustainable practices and AI integration in mining strategies.

2025 was a historic turning point for the Bitcoin ecosystem. The direction indicated by Strategy founder and chairman Michael Saylor suggests a shift from traditional speculative perspectives to institutional and foundational adoption. What lies ahead is a completely new business domain: digital credit.
2025 marks a historic turning point in the institutionalization of Bitcoin: over 200 companies adopting a new business approach
Between 2024 and 2025, the number of companies holding Bitcoin on their balance sheets rapidly increased from 30-60 to approximately 200. This figure indicates that it is not just a speculative trend, but a surge of companies incorporating Bitcoin as part of their asset management strategy.

Strategy founder and chairman Michael Saylor's latest market analysis, shared on the "What Bitcoin Did" podcast, suggests that 2025 will not only be a year of price appreciation but also a pivotal turning point where institutional and infrastructural adoption becomes mainstream within the Bitcoin community. Saylor's view that fundamental changes deep within the financial system, rather than short-term price fluctuations, symbolize Bitcoin's true victory reflects the overall maturity of the industry.
Accelerated Institutional Adoption: 200 Companies Add Virtual Assets to Their Balance Sheets
The most notable change in 2025 is the acceleration of Bitcoin adoption by institutional investors and corporations. In

Bank of Japan Governor Kazuo Ueda emphasized in his speech that interest rate hikes will continue to achieve the 2% inflation target, reflecting confidence in the economic outlook. Tight labor markets are driving changes in wage structures, breaking the cycle of low inflation and low growth, and economic vitality is recovering. Going forward, monetary policy will be adjusted gradually to promote long-term growth.

The Web3 world in 2023 has experienced many absurd events, including political figure token covert battles, internal theft, malicious voting, and legal disputes. These incidents reveal the collusion between power and capital, the exploitation of technical vulnerabilities, and human greed, reflecting the potential risks and challenges of Web3 under regulatory gaps.

The essay discusses the increasing prevalence of online threats like unauthorized access and bot attacks, emphasizing the importance of authentication codes as a security measure. It explains basic mechanisms like CAPTCHA, various authentication methods, and the significance of two-factor authentication, especially for cryptocurrency trading, highlighting their role in safeguarding digital assets.

Vesting schedules and cliffs are important mechanisms to ensure the long-term interests of employees, founders, and investors are aligned, preventing short-term opportunism. This article provides a detailed overview of vesting methods (based on time, performance, and hybrid), the role of cliffs, and their applications in traditional startups and the crypto space. It emphasizes that合理设置 can motivate efficient collaboration and reduce investor risk, while also warning that excessive lock-up periods may lead to liquidity issues.

By the end of 2025, the flow of staked funds in the Ethereum staking queue will reverse, with incoming funds significantly surpassing outflows, indicating a renewed market confidence in its long-term value. The staked amount accounts for 29.27% of the network supply, and validator activity remains high. Key factors include large institutional staking, technological upgrades reducing validator management costs, and de-leveraging decreasing selling pressure, all signaling a positive development for the Ethereum ecosystem.

Wall Street expects the U.S. economy to potentially face a "perfect storm" by 2026, with three factors—rate cuts, tax reforms, and AI productivity improvements—acting simultaneously, leading to a positive outlook for the US stock market. However, analysts warn that the substitution risk of AI on employment could impact consumption, and the future situation will depend on the balance of these factors.

Market Cycle Turning Point: The End of the First Curve and the Rise of the Second Curve
In mid-October 2025, the industry witnessed a historic turning point. A single day's clearing volume hit a record high, and within a few days, approximately $40 billion disappeared from the market. On the surface, it appeared that an extremely leveraged structure was rapidly liquidated in a low-liquidity environment, but fundamentally, it signified a drastic reduction in the number of market participants and a failure of the platform's loss mitigation mechanisms.
This event marked the end of the "First Curve" in the Crypto market. Over the past 16 years, Crypto has grown by creating expectations of consensus and forming a speculative environment. However, throughout 2025,