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📊 Market Update Report | Wintermute (December 15, 2025) Despite some technical rallies, the market is currently consolidating rather than forming a new trend. The expected "year-end rally" did not materialize; instead, there was a rotation of capital and a reduction in risk. 🪙 Bitcoin & Market Structure

🖤 ​​BTC is testing the recent bottom of the price range, after more than two weeks of sideways trading within the $88,000 – $92,000 range. 🖤 ​​The price has broken down to approximately $86,500, marking a breakout above the lower edge of the range. 🖤 ​​Whether this marks an extension of the price range or the start of a deeper correction will depend on the reaction of buying pressure and the direction of macroeconomic factors.

➡️ Macroeconomic factors remain the controlling element for price direction. A. THE MACRO PICTURE 1. Federal Reserve 🖤 ​​The Fed cut interest rates by 25bps, bringing the total easing since September 2024 to 175bps. 🖤 ​​The tone becomes more cautious, the dot plot suggesting only one cut in 2026. 🖤 ​​The Fed simultaneously announced the purchase of $40 billion in T-bills, essentially ending the international trade war, but framed as a measure to stabilize the monetary market. 🖤 ​​The market doesn't fully trust the dot plot and is still pricing in about 3 cuts next year. ➡️ The gap between signals from the Fed and market expectations remains very large. 2. AI narrative is "farting" The stock market is witnessing a shift from the AI ​​narrative to fundamental factors. Broadcom is profitable, but:

🖤 ​​Warning: Profit margins will decrease 🖤 ​​Hesitancy to predict/commit to 2026 results → Raises doubts about the short-term profitability of AI infrastructure investments.

➡️ This puts pressure on semiconductors and related tech groups. 🖤 ​​With crypto:

🖤 ​​If AI takes less of the spotlight, it could free up capital and attention. 🖤 ​​But crypto remains sensitive to global growth sentiment.

🖤 Wintermute argues: Orderly AI cooling down = positive | Strong unwind = risky 3. Bank of Japan (BoJ) 🖤 ​​The Bank of Japan (BoJ) is expected to raise interest rates to 0.75% (the highest in approximately 30 years). 🖤 ​​Simultaneously, they plan to sell over $500 billion worth of ETFs. 🖤 ​​This raises concerns about the JPY carry trade and global liquidity. Although BTC has fallen sharply after previous BoJ hikes (2024–2025), Wintermute emphasizes:

"Historical correlation alone is insufficient to draw cause-and-effect conclusions without considering positioning, liquidity, and the overall macroeconomic context."

B. WINTERMUTE'S PERSPECTIVE "The market is consolidating, slightly oversold, and digesting macroeconomic uncertainty - We haven't entered a prolonged risk-off phase yet." 🖤 ​​This is more like the final stage of digestion than a long-term structural change. 🖤 ​​The situation downstairs is currently considered orderly, not panic-prone. 🖤 ​​Short-term main scenario: Wide range, noisy fluctuations, selective strategy, buying in segments instead of betting on the big trend. ➡️ The market is awaiting further clarity on growth, policy, and liquidity heading into early 2026. ❗️ Market update information, not investment advice. #NFA #DYOR ➡️ Source: Here @GOSUCrypto

Have a nice day, guys! 🖤 DM @GOSUVIP for private group & daily futures setups

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SHORT BTC/USDT 60x Leverage 🔸 Entry: 85950 - 86400 👉 TP: 82400 👉 SL: 88100

🚨 Bitcoin: Short-term holders are under significant pressure As of October 30, 2025, Bitcoin was trading below the cost basis of Short-Term Holders (STH) at approximately $104,000, indicating that short-term investors were incurring losses 🖤 STH MVRV ~0.87–0.90 (<1) → The majority of recent buyers are operating at a loss 🖤 ​​The current BTC price is around $89,500, significantly lower than the cost basis of STH 🖤 ​​Realized P&amp;L data shows STH exiting a losing position, with an average loss of approximately -12.6% → a sign of surrender, not accumulation. 📉 On-chain insight: The rallies are being used to reduce positions, not to accumulate more. Since mid-November, BTC has been trading sideways around $90,000, but pressure on short-term capital has persisted. History shows that when STH experiences prolonged losses, the market typically enters a phase of shaking out weaker hands, shifting supply to holders with higher confidence. Until BTC reclaims $104,000, the market structure remains skewed towards a bearish transition phase. ❗️ Market update information, not investment advice. #NFA #DYOR @GOSUCrypto

🔥 OG Whale is currently down more than $50 million (~20%) With profits of $25M-$30M, the fish didn't even bother to close the deal. 🖤 ​​This guy is probably planning to bet on a different platform, guys. He wouldn't be this stupid if he had a lot of money Long bros followed the whale and fell into the trap 😄 ➡️ Track whale: Here @GOSUCrypto

🔥 The G&F index has returned to the 10-point mark Since the beginning of the year, there have been 24 days at the Extreme Fear level, and December alone has seen 13 of those. 🖤 ​​Winter Crypto is awesome, guys! ➡️ Source: Coinglass @GOSUCrypto

🔥 Nasdaq is about to open trading 23/5 Nasdaq is preparing to file a document with the SEC to extend the trading hours of stocks and ETFs to 23 hours a day (Sunday–Friday), with only a 1-hour break for maintenance. Currently, Nasdaq operates three main sessions in a day (according to ET):

🖤 Pre-market: 4:00 – 9:30 🖤 Main opening: 9:30 – 16:00 🖤 After-hours: 16:00 – 20:00

🖤 Total: ~16 hours per day According to the new proposal, according to ET: 🖤 Day session: 4:00 – 20:00 (including pre-market / regular / post-market) 🖤 Pause for 1 hour: 20:00 – 21:00 🖤 Night session: 21:00 – 4:00 🖤 Total: ~23 hours per day, 5 days a week. The trading week starts on Sunday at 21:00 ET and ends on Friday at 20:00 ET @GOSUCrypto

🔥 US-China tensions flare up again in the South China Sea The US Department of State has just condemned China after its coast guard allegedly used water cannons on Filipino fishing boats. The Chinese side quickly responded: 🖤 The US has no authority to intervene in maritime disputes in the region 🖤 Washington is accused of distorting the facts and siding with the Philippines 🖤 China claims that the Philippines is infringing on its territorial sovereignty 🖤 Beijing insists that the measures it has taken are necessary to protect its sovereignty ⚠️ This development shows that the South China Sea hotspot continues to be a front of tension in the US-China strategic competition, potentially posing a risk of escalating geopolitical tensions in the region. 🖤 Source: Here @GOSUCrypto

BingX Futures, ByBit USDT, OKX Futures #BTC/USDT Take-Profit target 1 ✅ Profit: 103.6212% 📈 Period: 4 Hours 43 Minutes ⏰

OK GUYS! 👍 @GOSUCrypto

🔥 Michael Saylor's strategy just hinted at buying Bitcoin The strategy has repurchased 10,645 BTC worth ~$980.3M at a price of ~$92,098/BTC 🖤 The BTC yield is 24.9% YTD 2025. As of Dec 14, 2025, Straegy has purchased a total of $671,268 BTC (worth ~$50.33B) at an average price of ~$74,972 per BTC. 🖤 Source: Here @GOSUCrypto

SHORT BTC/USDT 60x Leverage 🔸 Entry: 89750 👉 TP: 88200 - 86208 👉 SL: 90877.6

☕️ Have a nice weekend, guys! @GOSUCrypto

LONG TAO/USDT 15x Leverage 🔸 Entry: 296.5 👉 TP: 338 - 363 👉 SL: 268.5

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🚨 ETF SPOT FLOW | DEC 8 Net total -$23.7M, including:

🤑 BTC Spot ETF: -$60.4M 🤑 ETH Spot ETF: +$35.5M 🤑 SOL Spot ETF: +$1.2M

@GOSUCrypto