[{"type":"paragraph","children":[{"text":"After yesterday's plunge, the market entered a technical repair. Data shows that the "},{"text":"rebound was mainly driven by short covering and technical buying ","bold":true},{"text":", rather than a large influx of new long funds."},{"text":"Structure revealed by key data:","bold":true}]},{"type":"numbered-list","children":[{"type":"list-item","children":[{"text":"Long and short mentality: ","bold":true},{"text":"BTC and ETH long and short ratio still shows "},{"text":"the advantage of the bears (about 51:49) ","bold":true},{"text":", indicating that most funds will rise as a "},{"text":"rebound rather than a trend reversal ","bold":true},{"text":", cautious mentality."}]},{"type":"list-item","children":[{"text":"Capital diversion ","bold":true},{"text":": When mainstream assets fluctuate, "},{"text":"PTB, EVER and other high-volatility small coins rise by more than 80% ","bold":true},{"text":", showing that active short-term hot money "},{"text":"flows from the market to more speculative sectors ","bold":true},{"text":"."}]},{"type":"list-item","children":[{"text":"Sentiment indicators ","bold":true},{"text":": Greed index rose from 21 to 25, "},{"text":"panic has eased, but far from optimistic ","bold":true},{"text":"."}]}]},{"type":"paragraph","children":[{"text":"Thinking ","bold":true},{"text":": This \"big market stable, small market crazy\" fund structure usually means that the market is in the stage of shock bottoming out or falling. True stabilization requires seeing the bullish funds of mainstream assets regain their dominance."}]},{"type":"paragraph","children":[{"text":"Full data and charts ","bold":true},{"text":": "},{"type":"link","url":"https://blog.ju.com/crypto-daily-market-report-dec17-2025/?utm_source=blog","children":[{"text":"https://blog.ju.com/crypto-daily-market-report-dec17-2025/?utm_source=blog"}]},{"text":"\n"},{"type":"topic","character":"LongShortRatio","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"CapitalFlow","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Rebound","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"MarketStructure","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Sentiment","children":[{"text":""}]},{"text":" "}]}]

[{"type":"paragraph","children":[{"text":"Looking ahead to 2026, the two most core structural forces are reshaping the market: one is the "},{"text":"systematic entry of traditional financial institutions ","bold":true},{"text":", and the other is "},{"text":"the tokenization of trillions of dollars in real-world assets ","bold":true},{"text":"."},{"text":"Specific driving force analysis:","bold":true}]},{"type":"numbered-list","children":[{"type":"list-item","children":[{"text":"Institutionalization: ","bold":true},{"text":"Bitcoin ETFs are just the beginning. In the future, long-term capital such as pension funds and insurance companies will enter on a large scale through compliance infrastructure (such as "},{"text":"regulations such as MiCA ","bold":true},{"text":"), bringing more stable but more \"picky\" funds."}]},{"type":"list-item","children":[{"text":"Asset Tokenization ","bold":true},{"text":": RWA will bring "},{"text":"trillions of dollars of traditional assets such as real estate and national debt ","bold":true},{"text":"onto the chain, providing real assets and revenue sources far beyond the current scale for DeFi and public chain ecosystems. This is no longer a concept, giants such as BlackRock and UBS are already laying out."}]},{"type":"list-item","children":[{"text":"Market impact: ","bold":true},{"text":"This means that the drivers of market volatility will shift from internal narratives such as \"halving cycles\" to "},{"text":"macro liquidity, institutional funding flows, and global regulatory progress ","bold":true},{"text":"."}]}]},{"type":"paragraph","children":[{"text":"Outlook: ","bold":true},{"text":"A new market is emerging, driven by institutional capital and real-world assets, with potentially lower volatility but large volumes. What does this mean for ordinary investors?"}]},{"type":"paragraph","children":[{"text":"Complete trend analysis: ","bold":true},{"type":"link","url":"https://blog.ju.com/crypto-market-outlook-2026-revenue-driven-growth/?utm_source=blog","children":[{"text":"https://blog.ju.com/crypto-market-outlook-2026-revenue-driven-growth/?utm_source=blog"}]},{"text":"\n"},{"type":"topic","character":"TraditionalFinance","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"AssetTokenization","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"MarketStructure","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"DrivingForce","children":[{"text":""}]},{"text":" "}]}]