Market Divergence: SOL Becomes Institutional Darling, Terra Ecosystem Completely Collapses, ZEC Shorts Forced to 'Hold the Bag' by Whales?

金色财经Publicado a 2025-12-12Actualizado a 2025-12-12

Resumen

The cryptocurrency market is currently experiencing significant divergence, with some assets surging while others face severe downturns. Bitcoin (BTC) is testing a critical resistance zone between $92,000 and $94,000. A successful breakout could propel it toward $100,000, while failure may lead to a pullback below $90,000. Similarly, Ethereum (ETH) is approaching its key level at $3,400. Holding above this could push it to $3,700-$3,800, otherwise a retest of $3,000 support is likely. Solana (SOL) has emerged as a major institutional favorite. Despite market volatility, SOL ETFs continue seeing consistent inflows. Support from major platforms like Coinbase, which integrated Solana DEX functionality, and growing adoption by traditional finance giants like JPMorgan and Nasdaq, highlight strong fundamental strength. Accumulating SOL gradually is recommended. In contrast, the Terra ecosystem (LUNA, LUNC, USTC) has effectively collapsed. Founder Do Kwon received a 15-year prison sentence, and the project's $40 billion collapse triggered a broader market crisis. These assets are considered uninvestable. Zcash (ZEC) presents a cautionary tale for short sellers. Many are trapped in losing positions as large holders (whales) maintain price range, collecting funding rates systematically. This strategy allows whales to profit from perpetual funding while gradually squeezing shorts. The lesson: take profits quickly when shorting ZEC and avoid greed. Overall strategy: Wait for BTC/E...

The crypto space is truly a case of "some rejoice while others mourn"! Some coins are being frantically bought by institutions, some have been handed a death sentence, and others are leaving short sellers crying in the bathroom — this article breaks down the trading logic of the hot coins clearly. Save it now!

BTC/ETH: Stuck at Key Levels, Only a Breakout Brings Opportunity!

BTC: The $92k-$94k Line is a Matter of Life and Death

Big Brother Bitcoin is back in the $92,000-$94,000 resistance zone! Now it's up to the bulls: if they can break through this range, the next target is directly aiming for $100,000; if they can't break through, it will likely fall back below $90,000. This back-and-forth is so tedious~

ETH: $3400 Determines the Direction

Ethereum is charging at the resistance level again! The key is to see if the daily chart can hold firmly above $3400: if it holds, it will run towards $3700-$3800; if it fails to hold, it will have to go back and test the $3000 support. Don't blindly chase the high, wait for a clear direction before acting!

SOL: The 'Potential Stock' Frenziedly Bought by Institutions, Buying a Little Daily is Worth It!

If we're talking about the altcoin most favored by institutions right now, SOL definitely takes first place! Its fund flows are too strong:

  • It's been almost two months since the ETF approval, and no matter how much the market falls, funds have been quietly adding to their positions, completely unfazed;

  • Coinbase directly added DEX trading functionality for the Solana ecosystem in its official App, essentially opening a "green channel" for SOL;

  • From JPMorgan to Nasdaq, traditional finance bigwigs are building on the Solana chain, making the ecosystem increasingly stable!

Remember: follow the market funds, don't be swayed by various bull/bear news! SOL is currently a key target for institutional布局 (layout). Buy a little bit daily and accumulate slowly, making money is just a matter of time~

Terra Ecosystem (LUNA/LUNC/USTC): Game Over! Founder Sentenced, Paying for the $40 Billion Loss

The Terra ecosystem is completely finished! Founder Do Kwon has been sentenced to 15 years in prison. The "crash disaster" he created back then directly evaporated $40 billion and triggered a chain reaction: FTX collapsed next, trust in algorithmic stablecoins completely crumbled, and the crypto market went into winter~

LUNA, LUNC, and USTC are now completely battered by the fall. This isn't a simple pullback; it's the complete landing of negative news. There's little chance of a comeback later. Don't even think about buying the dip, don't touch them!

ZEC: Stubborn Shorts Get Trapped, Whales Profit by 'Sideways Movement'!

ZEC short sellers have had it rough lately! Many opened short positions hoping to make a profit, but ended up getting trapped deeper, and some fearless ones kept charging in, being extremely stubborn~

Especially the "top short seller" with the largest position, who was already profitable but didn't close the position, is now back in the red! Although they reduced their position a bit when the price dropped to the 300s, most of the position is still there. Fortunately, the whale has sufficient margin, with a liquidation point at $1057U, so they are safe for now, but the后续 (follow-up) is even more uncomfortable:

The whales have no intention of making big pumps or dumps; they just maintain the current price sideways, making money daily by collecting funding fees! Even though it's collected only every 8 hours, the large position size means they earn a significant amount~ They can even use the collected funding fees to slowly pump the price, wearing down these short sellers!

So ZEC isn't impossible to short, the key is to know when to stop, take profits and run quickly when you have them, don't linger. Money in hand is real money!

Summary: Wait for a breakout before acting on BTC/ETH, SOL can be accumulated daily with small positions, blacklist the Terra ecosystem entirely, don't be greedy when shorting ZEC.

Preguntas relacionadas

QWhat is the key resistance range for Bitcoin (BTC) according to the article?

AThe key resistance range for Bitcoin (BTC) is $92,000 to $94,000. A successful break above this range could target $100,000, while a failure could see the price drop back below $90,000.

QWhy is Solana (SOL) considered a favorite among institutions?

ASolana (SOL) is favored by institutions because its ETFs have seen consistent capital inflows for nearly two months, Coinbase has integrated Solana ecosystem DEX trading, and major traditional finance players like JPMorgan and Nasdaq are building on its blockchain, indicating strong and stable ecosystem growth.

QWhat was the outcome for Terra's founder, Do Kwon, and its ecosystem tokens?

ATerra's founder, Do Kwon, was sentenced to 15 years in prison. The Terra ecosystem tokens (LUNA, LUNC, USTC) have crashed significantly following the $40 billion collapse, and the article advises against any investment in them as they are considered to have no recovery potential.

QWhat is the current trading strategy suggested for ZEC based on the article?

AThe article suggests that shorting ZEC can be done but advises taking profits quickly and not being greedy. It highlights that large holders (whales) are maintaining a sideways price action to collect funding fees from over-leveraged short sellers, making it risky to hold short positions for too long.

QWhat is the critical price level that Ethereum (ETH) needs to hold on a daily close for a bullish move?

AEthereum (ETH) needs to achieve a daily close above $3,400 to potentially move towards the $3,700-$3,800 range. If it fails to hold this level, it may fall back to test support at $3,000.

Lecturas Relacionadas

ETH Bull and Bear Views Compilation: Can Ethereum's Value Flow Back to ETH?

Titled "ETH Bull and Bear Views: Can Ethereum's Value Flow Back to ETH?", this article synthesizes the current heated debate around Ethereum's native token, ETH, following Bankless co-founder David Hoffman's decision to sell his entire ETH holdings. The **bullish case**, represented by figures like Tom Lee (BitMine CEO) and Raoul Pal, argues that ETH's core thesis remains intact. They contend Ethereum is the essential, secure, and neutral foundational layer for future finance—encompassing stablecoins, RWA, DeFi, L2s, and Agentic AI. Bulls bet on ETH's long-term revaluation as institutional adoption of on-chain finance grows, with significant buying activity from entities like BitMine and Consensys cited as evidence. Conversely, the **bearish perspective**, led by Hoffman and analysts like Markus Thielen, questions ETH's value capture mechanism. They acknowledge Ethereum's network success but argue that the value created by L2s, DeFi, and applications does not sufficiently accrue to the ETH token itself. Bears point to ETH's prolonged underperformance versus the broader crypto market, lack of traditional cash flows, weakening "ultrasound money" narrative, and apparent institutional retreat (e.g., Harvard Management Company exiting its ETH ETF position) as key concerns. The debate highlights a pivotal shift: ETH is no longer just a community belief asset. The central question is whether ETH can transition from being a "**used infrastructure**" to a "**continuously bought and held core asset**" as more value enters the Ethereum ecosystem. The market is now critically examining the direct link between network growth and ETH's value.

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ETH Bull and Bear Views Compilation: Can Ethereum's Value Flow Back to ETH?

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Crypto is dead, Perps are forever

The crypto industry is shifting from a focus on creating native assets (like altcoins and protocol tokens) to becoming a "global asset pipeline." Native cryptocurrencies, except for Bitcoin, are seen as failing in their value storage and utility promises, with demand driven largely by speculation. Attention and liquidity are now moving toward real-world assets (RWAs) like U.S. stocks, bonds, gold, and oil traded on-chain via perpetual contracts (Perps). Stablecoins like USDT and USDC set the precedent, proving blockchain's core strength is efficient global settlement and transfer, not inventing new monetary systems. Meanwhile, assets like Ethereum and many DeFi tokens struggle as their narratives weaken against tangible traditional assets and the rapid real-world progress of AI. Perpetual contracts have emerged as a pivotal innovation. They simplify trading by offering pure price exposure to any asset, bypassing complexities of ownership, custody, and traditional market hours. Projects like Hyperliquid gained traction by combining CEX-like efficiency with on-chain transparency, capitalizing on post-FTX distrust, macroeconomic volatility, and the surge in demand for 24/7 stock trading. In conclusion, while the era of speculative native "crypto assets" may be over, perpetual contracts persist as the industry's most potent financial instrument—transforming all assets into globally accessible, constantly tradable instruments centered on price speculation.

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Crypto is dead, Perps are forever

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Tencent, Alibaba, ByteDance in a Battle for the Skill Store

Skill is becoming a key concept in the AI field, essentially serving as a structured "instruction manual" for AI Agents that specifies tool calls, decision logic, and output standards. This allows Agents to execute predefined tasks. As the number of Skills grows, distribution platforms have emerged. Major tech companies are swiftly entering this space. In March, Tencent, Alibaba, and ByteDance launched Skill stores within their respective Agent platforms. Subsequently, players like Zhipu AI, Meituan, and Xiaohongshu joined the fray. This competition for the "Skill store" is fundamentally a battle for the AI-era user entry point; whoever controls distribution controls the users. While ByteDance's Coze has experimented with paid Skills, most platforms offer them for free. The real value lies not in the stores themselves but in using them to attract and retain users within an ecosystem, driving revenue from services like cloud computing, model calls, or advertising. The landscape features three main player types: 1) **Internet giants** (e.g., Alibaba, ByteDance, Tencent, Meituan), leveraging Skills to drive traffic and monetize through their broader ecosystems (cloud services, transactions, ads). 2) **Large model companies** (e.g., Zhipu AI, Moonshot AI), using Skill stores to increase user engagement and monetize model API calls. 3) **Content platforms** (e.g., Xiaohongshu), treating Skills as a new content format to generate traffic and ad revenue. However, transforming Skill stores into a sustainable business faces significant hurdles. Key challenges include: the **difficulty in pricing Skills** due to inconsistent outputs across different models and contexts; **lack of cost transparency** (varying token consumption); **security risks** like Skill poisoning; and the **absence of standardized protocols** for development and evaluation. Unlike standardized mobile apps, Skills are often personalized workflows resistant to uniformity, which hinders the establishment of a reliable review and monetization system akin to the App Store. While there is genuine user demand for paid Skills—particularly in enterprise (e.g., contract review) and certain personal productivity scenarios—current platforms offer developers limited and unpredictable distribution. The future of Skill stores depends on overcoming these standardization, evaluation, and safety challenges to make acquiring a Skill as straightforward as downloading an app. For now, the stores function more as display shelves than robust marketplaces.

marsbitHace 45 min(s)

Tencent, Alibaba, ByteDance in a Battle for the Skill Store

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The Crypto Scene Is Dead, Perpetual Swaps Are Eternal

The crypto industry is undergoing a fundamental shift. The era defined by minting novel, native digital assets (altcoins) is fading. These assets, lacking real-world cash flows or clear value, are losing relevance as attention and capital flow elsewhere. Two powerful external forces are reshaping the space. First, traditional assets like U.S. stocks, bonds, gold, and oil are being tokenized and traded on-chain. Second, the explosive growth of AI, with its tangible products, has overshadowed crypto's once-dominant "future narrative." This marks a critical pivot: crypto is transitioning from being a "factory for new assets" to becoming a "global conduit for existing assets." Its validated utility is not complex financial reinvention but efficient global settlement, transfer, and trading—the original promise of blockchain. Stablecoins like USDT and USDC exemplify this, offering faster dollar movement rather than replacing it. Consequently, native ecosystems like Ethereum face profound challenges. While still crucial infrastructure, ETH struggles to capture value as users interact with Layer 2s or trade traditional assets without needing to hold it. DeFi's grand narrative of rebuilding finance has narrowed to core needs like cheap transfers and deep liquidity. The true breakout innovation is the perpetual contract (Perp). It brilliantly bypasses the complexities of direct asset ownership (custody, compliance, dividends) by creating pure price exposure. Users can speculate on the price movement of *any* asset—NVIDIA, gold, oil—24/7, globally, and with leverage. This "price casino" model, while risky and ethically fraught, delivers unmatched liquidity and accessibility. Projects like Hyperliquid succeeded not by inventing new mechanics but by perfecting the timing and execution of this model. Key drivers included making on-chain Perps feel like centralized exchanges, post-FTX trust migration towards transparency, and rising demand to trade macro assets and equities round-the-clock. In conclusion, the crypto world's most enduring successes are the dollar (via stablecoins), Bitcoin, and trading. Its new frontier is not creating alternative assets but providing a seamless, perpetual trading layer—a new API—for the world's existing financial system. The age of native altcoins is over; the age of perpetual synthetic exposure has begun.

Odaily星球日报Hace 54 min(s)

The Crypto Scene Is Dead, Perpetual Swaps Are Eternal

Odaily星球日报Hace 54 min(s)

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Cómo comprar ZEC

¡Bienvenido a HTX.com! Hemos hecho que comprar Zcash (ZEC) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Zcash (ZEC) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Zcash (ZEC)Después de comprar tu Zcash (ZEC), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Zcash (ZEC)Tradear fácilmente con Zcash (ZEC) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

301 Vistas totalesPublicado en 2024.12.12Actualizado en 2026.06.02

Cómo comprar ZEC

Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de ZEC (ZEC).

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