Summary: The familiar script is playing out again—after this latest regulatory crackdown, is it a sign of an impending downturn, or the beginning of another round of “all the bad news is out”? Let’s examine the trajectory after the storm through five key policy milestones.
Authors: Viee, Amelia, Denise | Biteye Content Team
Recently, seven major financial associations in mainland China issued the latest risk warning, specifically naming stablecoins, RWA, “air coins,” and various other virtual assets. While Bitcoin has not shown significant movement, the recent cooling of market sentiment, shrinking account balances, and USDT’s OTC discount have reminded people of scenes from previous rounds of policy tightening.
Since 2013, mainland China has been regulating the crypto sector for twelve years. Each policy move has been met with a corresponding market reaction. This article follows the timeline to review market responses at these key turning points, and by doing so, seeks to clarify one question: regulation

The overall cryptocurrency market is currently weak, with Bitcoin pulling back more than 35%. Although the environment is similar to the 2022 bear market, the Federal Reserve may shift toward easing, suggesting a rebound opportunity. Major coins such as BTC, ETH, SOL, and BNB are all showing different bullish opportunities, but caution is needed regarding volatility risks brought by interest rate decisions.

Market Trends
The current cryptocurrency market is showing a mixed outlook between bullish and bearish trends. With the Federal Reserve ending quantitative tightening, expectations of interest rate cuts rising, and institutional capital from firms like Vanguard entering the market, sentiment is improving and Bitcoin has returned to $93,000. Optimistic analysts predict the bear market could be over, but caution is advised as liquidity has not fundamentally improved and there are risks from whale sell-offs. The market may continue to fluctuate in the short term.
Major Coins
$BTC
is at a critical level. The positions held by Trump-affiliated companies and stable chip structure are positive factors, but the decline of USDT is causing psychological pressure. It is not advisable to chase highs or rush to buy the dip at this time; wait for a breakout above key resistance to seize trading opportunities.
$ETH
shows bullish potential: the Fusaka upgrade (improving TPS, lowering gas fees, and enhancing burning) is the main driving force; a breakout above $3,500 could trigger over $3 billion in short liquidations. Although current USD-margined pressure is causing market hesitation, MA

Market Trends
The current cryptocurrency market is experiencing a mixed scenario of both bullish and bearish forces. With the Federal Reserve ending quantitative tightening, rising expectations of rate cuts, and institutional funds entering the market, sentiment is recovering and Bitcoin has returned to $93,000. Optimistic analysts predict the bear market may be ending, but caution is warranted as liquidity has not fundamentally improved and there is a risk of whale sell-offs. The market may continue to fluctuate in the short term.
Major Coins
$BTC
Broke through the $91,000–$93,000 resistance, showing strength on the monthly chart. Prediction markets show a 59% probability of returning to $100,000 by year-end. US banks allow a 4% allocation, and with loose liquidity, bulls have the upper hand in the short term. Watch for buying opportunities after pullbacks, but beware of insufficient liquidity in altcoins.
$ETH
Bullish: The Fusaka upgrade is happening tonight, and institutions like BitMine are continuing to buy in. The recent V-shaped reversal shows strong momentum. As the trust infrastructure for the digital age, its fundamental value supports long-term growth. Watch for upgrades and oppor

Market trend
The cryptocurrency market has recently experienced a significant decline, with the core reason believed to be a lack of buying pressure rather than macroeconomic headwinds, leading to weak liquidity. Some analysts (such as Arca CIO) hold bearish views; however, teams like Tom Lee's remain optimistic that the next two months present a buying opportunity, expecting a rebound. Overall market sentiment is fearful, but the fundamentals have not completely deteriorated.
Mainstream coins
$BTC
Currently, the focus is on swing opportunities. If the monthly line closes below the middle line, there is a risk of falling to $55,000. $82,000 and $75,000 are key support levels. BlackRock

Recently, the Crypto Assets market has fallen sharply, mainly due to increased regulation and high leverage liquidations in the market. In the short term, market sentiment is panic-driven, with major coins like BTC and ETH experiencing pullbacks. Although there may be buy the dip opportunities for some coins, investors should be cautious and follow the future Fed movements.

The current market is experiencing increased attention on on-chain large transaction activities, with on-chain monitoring tools and KOLs becoming key to obtaining market signals. This article outlines various monitoring tools and bloggers, including EVM monitoring tools, Address tracking tools, and relevant data analysts, to help users monitor fund flows and market dynamics in a timely manner.

Market Trends
Although the cryptocurrency market is extremely volatile in the short term, mainstream coins such as $BTC are facing a contest for key support levels, and investors need to be cautious of downside risks; however, the market tone remains long-term optimistic. The core driving force is the expected release of macro liquidity and the structural support provided by institutional allocations. Investors are advised to pay attention to macro signals and take advantage of short-term corrections for buying opportunities.
Mainstream Coins
$BTC
Short-term may see a rise. Large whales are closing short positions and switching to long, institutions are continuously increasing their holdings, and there is a net outflow from exchanges. VanEck believes that $70,000 and $78,000 are ideal entry points. Currently, attention should be paid to the breakthrough of $91,000; if it stabilizes, it is expected to reach $96,000 to $98,000.
$ETH
Short-term bearish bias: Recently, there have been large transfers to exchanges and ancient whales are selling off. But long-term bullish: Institutional accumulation (Bitmine, VanEck staking) and the fundamental value as a leading L1.

Market trend
The current cryptocurrency market is highly volatile, with significant long-short divergences. In the short term, it is important to be cautious of the downside risks brought about by the struggle for support levels at $BTC , but the long-term market tone remains optimistic. The core driving force is the expected release of macro liquidity and the structural support provided by institutional allocations. It is recommended to pay attention to macro signals and to accumulate positions on dips.
Mainstream Currency
$BTC
Currently, attention should be paid to whether it can stabilize at $92,000 and break through the upper resistance. Otherwise, it may fall to $70,000. The large transfer by SpaceX and the downgrade of the USDT rating add uncertainties, leading to significant short-term fluctuations. In the long term, macro liquidity and institutional allocation remain key, and opportunities for positioning can be considered during dips.
$ETH
Currently reported at 3022 USD, long positions are in profit, and institutions are increasing their holdings. Vitalik's donation campaign shows support for the ecosystem. Expectations for a Fed rate cut are rising, which may lead to a liquidity-driven increase. Short-term fluctuations, long-term bullish, can buy on dips.
$SOL
or current trading opportunities. Social

The crypto assets market is experiencing a fluctuating trend, with mainstream tokens like Bitcoin and Ethereum showing significant volatility. Some investors are optimistic about long-term development, while others are concerned about regulatory risks. The market needs to pay attention to macroeconomic and policy changes. Multiple coins continue to attract attention, with both short-term and long-term opportunities coexisting.

Market Trends
The overall cryptocurrency market is showing a rebound trend driven by rising expectations for a Fed rate cut (probability up to 81%). $BTC , as a core asset, is benefiting from expected liquidity spillover, and altcoins may catch up, with trading volume and RWA narratives strengthening. However, uncertainties remain in the market, such as the results of the December FOMC meeting, the release of the dot plot, and regulatory risks, so caution is needed regarding short-term volatility.
Major Coins
$BTC
may see a rebound. Government bailouts for AI have triggered expectations of increased money printing, which is favorable for depreciation trades. Although a gravestone doji has appeared on the 4-hour chart and warrants caution, the latest dovish rate-cut expectations have exceeded 85%, and liquidity is returning. Institutions like BlackRock are increasing their holdings, and Arthur Hayes believes it will not drop below $80,000. In the short term, resistance can be seen at $88,000–$89,000.
$ETH
may have short-term upside opportunities. Institutions (BitMine increasing holdings to 3% of supply) and whales (Hyperliquid