As of December 29, the cryptocurrency market showed a divergence between strong prices and outflows during the holiday period. Here is a summary of key information:

1. Mainstream Coin Price Breakouts
Bitcoin: Price broke above $89,000, up 1.21% intraday.
Ethereum: Price broke above $3,000, currently around $3,002, up 1.74% intraday.

2. Significant Outflows from Spot Bitcoin ETF Funds
Event: During Christmas week, the US spot Bitcoin ETF experienced large-scale fund outflows.
Scale: Net outflow of approximately $782 million, marking the sixth consecutive trading day of net outflows.
Market Reaction: Despite the outflows, Bitcoin price remains near $87,000. Analysts believe this may be due to year-end asset rebalancing and decreased holiday liquidity, rather than market panic.

3. Uniswap Initiates Large-Scale Token Burn
Event: The Uniswap community approved and executed a token burn proposal.
Scale: Burned 100 million UNI tokens, worth about $591 million.
Market Impact: Following the announcement, UNI price rose over 5%, reaching a local high of $6.4.

4. Derivatives Market Liquidation Risks
Potential Pressure: Data shows that if Ethereum price drops below $2,900, long contracts on major exchanges could face approximately $395 million in liquidation pressure.

###📈Market Analysis
Overall, December 29th's market exhibits a short-term divergence of “strong prices, weak funds.” The rise in Bitcoin and Ethereum prices demonstrates market resilience. However, large-scale fund outflows from spot ETFs and potential derivatives liquidation risks indicate reduced liquidity and volatility risks during the holiday period. The large-scale deflationary operations by Uniswap bring structural benefits to the DeFi market.

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