OSL trading time: market differences are intensified -Goldman Sachs alert, Bellaide watched bullish

Reprinted from panewslab

01/24/2025·3M

OSL Trading Moment: Market Divergence Intensifies—Goldman Sachs Wary,
BlackRock Bullish

1. Market observation

Keywords: Trump, ETH, BTC

The Ethereum Foundation (EF) has recently become a hot topic in the market due to rumors of a "second foundation". The rumor was first raised by Lido founder Konstantin Lomashuk, but he later clarified that no such entity has been created yet. In the cryptocurrency market, the price of Bitcoin is approaching the $110,000 mark, and the emerging project Nebula Stride continues to attract attention due to its unique model.

Regarding the development prospects of Bitcoin, there are completely different voices in the market: David Solomon, CEO of Goldman Sachs, believes that Bitcoin poses a threat to the US dollar and only regards it as an "interesting speculative asset". Some traders are also concerned about the recent trend of Bitcoin. Expressing concern; BlackRock CEO Larry Fink is optimistic, predicting that Bitcoin is expected to reach $700,000. This prediction is based on the fact that sovereign wealth funds may allocate 2-5% of their investment portfolios to digital currencies.

At the policy level, Trump has signed an executive order to establish the President's Digital Asset Market Working Group, chaired by "AI and Cryptocurrency Czar" David Sacks, and including the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission and other high-level officials. The working group will be responsible for developing a regulatory framework for digital assets and evaluating the creation of a national digital asset reserve. It is worth noting that this executive order explicitly prohibits institutions from promoting the development of central bank digital currency (CBDC), and revokes the previous "Digital Assets Executive Order" and "Digital Assets International Participation Framework", believing that these policies inhibit innovation, It undermines the United States’ global leadership in digital finance.

Meanwhile, Trump’s decentralized finance platform has become the largest holder of Ethereum collateral, but to the industry’s dismay, he did not mention cryptocurrencies during his inauguration. Despite selling pressure on the market early this week, major analysts remain bullish on the upside for the digital asset. In the Ethereum community, there are currently calls for the release of developer Virgil Griffith and Tornado Cash co-founder Roman Storm, and for Trump's help.

2. Key data (as of 09:34 HKT on January 24)

S&P 500: 6,118.71 points (+4.03% during the year)
Nasdaq: 20,053.68 points (+3.85% during the year)
10-year U.S. Treasury yield: 4.642% (+6.50 basis points during the year)
U.S. dollar index: 108.12 (-0.32% during the year)
Bitcoin: $103,596 (+10.90% for the year), with daily spot trading volume of $100.77 billion
Ethereum: $3,295.53 (-1.47% for the year), with daily spot trading volume of $34.0 billion

3.ETF flow direction (EST on January 23)

Bitcoin ETF: +$24.84 million
Ethereum ETF: -$22.26 million

4. Important dates (Hong Kong time)

Second-hand house sales (23:00 on the evening of January 24)
Actual: To be announced / Previous value: 4.15 million units / Expected: 4.16 million units