Cryptocurrency Market Trend Report 📊 On a macro level, regulatory compliance is accelerating, with 48 countries initiating cryptocurrency tax data collection. Grayscale has submitted a Bittensor Trust ETF application, indicating that traditional finance (TradFi) is rapidly embracing AI concept assets. El Salvador has integrated Bitcoin with AI as a national policy, further consolidating the narrative of BTC as a sovereign reserve asset. On-chain data shows ETH forming a strong support peak in the $2,920-$3,020 range; a breakthrough above $3,100 could trigger the liquidation of $6.29 billion in short positions, increasing upward leverage risk. Meanwhile, the RWA sector has grown nearly 10% within the Solana ecosystem, with funds flowing into assets backed by actual yields. Although Polymarket predicts the probability of a $100,000 price in January to decline, whales continue to enter the market using USDC, maintaining market buying momentum. However, the EVM wallet theft incident serves as a reminder for investors to remain vigilant about DeFi security risks. Summary: The market is in a period of resonance between favorable regulation and on-chain chip accumulation, with short-term volatility building up, and ETH may lead the altcoin seasonal rally.