2026-01-22 05:10:40

#特朗普撤销欧盟关税威胁 Bitcoin, Ethereum, and Binance Coin have each had their own stories recently. Bitwise's latest market analysis report mentions an interesting phenomenon — in Q4 2025, the market is experiencing a classic "fire and ice" scenario at the bottom of the bear market.

What does this "fire and ice" look like? Ethereum's price has fallen 29%, but on-chain transaction volume has hit a new all-time high. Crypto concept stocks have fallen about 20%, yet the revenue growth of crypto companies is three times that of other industries. Market sentiment is overwhelmingly bearish, but the assets under management and trading volume of stablecoins are both hitting new records.

This highly contrasting divergence scene was last seen in Q1 2023, according to Bitwise. And what happened afterward? The prices of crypto assets increased significantly over the next two years. The data tells us a simple logic: price bottoms often occur when the market is most pessimistic, and truly smart money has already been quietly accumulating.

BTC-0,03%

ETH-1,22%

BNB0,43%

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staking_gramps

· 9h ago

Everyone is trying to buy the dip, I think this wave is really about to rise.

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rekt_but_vibing

· 18h ago

Now is the time for smart money to buy in, prices have plummeted but on-chain data is screaming, I've seen this routine before. Oh wait, is this really different this time? Or is it just another scheme to cut leeks? Bitwise's report, wow, the data looks good but how many truly grasp it? It's the bottom theory again, just like last year at this time. Wake up, don’t be fooled by the new high in stablecoin market cap, smart money can also put on a show. Wait, trading volume hits a new high but prices have fallen 29%? Is this good news or are the big players offloading? Triple growth in financing sounds impressive, but the coin’s trend doesn’t buy it. I just want to know, will this be the real bottom or just another routine? Is the most pessimistic time the best buying opportunity? The next big drop will reveal the truth. Feels like this narrative is a copy of the last cycle, but I’ve already moved on.

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TestnetScholar

· 19h ago

This is a typical accumulation signal. The price drops while trading volume explodes, indicating that big players are疯狂扫货. Wait, isn't this logic just a replica of early 2023? The subsequent two years saw impressive gains, and smart money is probably secretly buying again. Really, the best entry points are often when the market is bearish. I'm feeling a bit itchy right now. The price has fallen 29%, but on-chain activity has hit a new high. What does this mean? It indicates that genuine demand hasn't disappeared; the price is just虚了. The scale of stablecoins and trading volume both hit new highs, suggesting that large funds are gearing up, just waiting for the rebound. I've seen this kind of divergence pattern before; every time, it's a sign of an impending storm. Trump's recent tariff wave is actually just noise. The core remains on-chain data, which doesn't lie. All the bad news has come out, and this is actually the beginning of good news—a典型的底部特征.

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DAOdreamer

· 19h ago

I'm confident I've hit the bottom; no one can change my belief.

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InscriptionGriller

· 19h ago

Oh wow, so this is the legendary script of "smart money bottoming out while the newbies are shouting short," huh? I knew this routine looked so familiar.

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SchroedingerAirdrop

· 19h ago

The "Russian nesting doll" market, prices are falling but trading volume is skyrocketing. Isn't this a signal to bottom out? --- Wait, stablecoin assets hitting a new high? That indicates smart money is quietly accumulating positions. --- It's the bottom theory again. The 2023 surge indeed took off later, but who can be sure this time is the bottom? --- Ethereum has dropped 29% but on-chain activity is soaring. Interesting, it seems the real players haven't left. --- Crypto company revenue tripling? Where did this data come from? Feels a bit exaggerated. --- Got it, got it. On the surface, everything looks dead, but secretly, everyone is gearing up, right? --- The key is to see who still dares to buy at this time. We all know the risks. --- The surge in stablecoins means someone is probably preparing to take over. I'm tired of hearing this logic.

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