#十二月行情展望 Has the Reversal Moment for Cryptocurrency Arrived? Institutions Continue to Accumulate Ethereum! Bitcoin Set to Break the $100,000 Mark

With Bitcoin strongly standing above the $93,000 level and Ethereum surging nearly 7% in a single day to break $3,200, the crypto market has quietly shifted from earlier panic.
The move by crypto custody firms like Bitmine to increase their Ethereum holdings against the trend, surpassing BlackRock’s holdings, sends a clear signal: the reversal moment for cryptocurrency has arrived.
With its technological iterations and ecosystem advantages, Ethereum has become the new favorite among institutions. Meanwhile, with expectations of a Fed rate cut, Bitcoin's push toward the $100,000 mark is no longer just talk.
Institutions have continued to accumulate Ethereum during market panic, fundamentally due to its irreplaceable ecosystem and technological advantages—this is the core logic of its attractiveness surpassing Bitcoin. Bitcoin, positioned as "digital gold," is limited to value storage, whereas Ethereum, as a decentralized computing platform, supports full-stack application ecosystems such as DeFi, NFT, and RWA through smart contracts. The composability leads to exponential network effects.
After Bitmine spent $174 million this week to increase its Ethereum holdings, reaching 3.62 million ETH and surpassing BlackRock, this choice is no coincidence—Ethereum's Fusaka upgrade and the activated EIP-7918 mechanism link L2 data costs to mainnet gas prices, making Rollup a core burn channel. Combined with the PeerDAS protocol's 8x increase in data capacity, this brings a dual benefit of "scalability + deflation." In contrast, Bitcoin’s PoW mechanism is energy-intensive, its scaling path relies on Layer 2 networks, and its pace of innovation lags far behind Ethereum’s continuous upgrades.
The rising expectations of a Fed rate cut have injected crucial liquidity momentum into the crypto market, providing a solid foundation for Bitcoin to break the $100,000 mark.
In November, the US ADP employment numbers plunged by 32,000, the largest decline since March 2023, causing the probability of a 25-basis-point rate cut in December to soar to 89%.
Historical data shows that in an easy monetary environment, Bitcoin, as a risk asset, often sees a valuation boost—after the Fed rate cut in 2020, Bitcoin began a year-long bull run. The current technical outlook is even more optimistic: Bitcoin has broken through the $93,000-$94,000 resistance area with increased volume, moving averages are forming a bullish alignment, the MACD indicator’s golden cross is lengthening the red bars, and there are clear signals of new funds entering.
More importantly, the entry of traditional financial giants has opened the floodgates for capital. Vanguard Group has opened cryptocurrency ETF trading to tens of millions of clients, bringing continuous incremental funds to the market, which is completely different from the retail-dominated pattern of the 2021 bull market. Confirmation of the market reversal and the sustainability of Bitcoin's rally will still depend on both improved regulatory conditions and the support of asset fundamentals. The US SEC is advancing an "innovation exemption" regulatory framework to provide a clearer compliance path for digital assets, significantly alleviating long-term industry uncertainty.
From a fundamentals perspective, Ethereum’s deflationary mechanism and Bitcoin’s scarcity are complementary: after the Fusaka upgrade, the growth in L2 transaction volume will drive up ETH’s burn rate, and Bit’s CIO predicts this move could increase blockchain revenue by 5-10 times; Bitcoin, with its fixed supply of 21 million and halving mechanism, maintains the consensus of value storage as "digital gold." These solid fundamentals give institutional funds the confidence to buy against the trend during market volatility, forming a supportive "buy-the-dip" force.
Of course, short-term volatility remains a concern—within 24 hours after Bitcoin surged above $93,000, $360 million in liquidations occurred, showing the vulnerability caused by excessive market leverage. But in the long-term trend, the strategic accumulation by institutional funds, confirmation of technical breakouts, and expectations of easier macro liquidity have formed the "iron triangle" for a cryptocurrency reversal. Ethereum’s leading rally proves the value of technological innovation, while Bitcoin’s surge demonstrates the power of liquidity-driven growth.
In summary, the reversal moment for the cryptocurrency market has arrived. With its ecosystem advantages and technological innovation, Ethereum has become the new choice for institutional allocation, while the resonance of Fed rate cut expectations and the entry of traditional finance will drive Bitcoin to break the $100,000 mark and reach new all-time highs.