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BlockBeats News, December 19, according to monitoring by Onchain Lens, the whale who previously "bought the dip and hedged" has continued to purchase 2,249 ETH (approximately $6.54 million) from the HyperLiquid and Lighter platforms. At the same time, this whale has also increased their 20x leveraged ETH short positions on both platforms. As of now, in the past 24 hours, this whale has accumulated a total purchase of 4,599 ETH, with a total value of approximately $13.2 million.

BlockBeats News, on December 19, Bank of Japan Governor Kazuo Ueda stated at this afternoon's monetary policy press conference in the East 8th District that while Japan's economy shows some signs of weakness, it is moderately recovering. If the economy and prices develop as expected, and as both improve, the Bank of Japan will continue to raise policy interest rates. After this rate hike, Japan's benchmark interest rate has risen from 0.50% to 0.75%, reaching its highest level since 1995 and marking Japan's official departure from the ultra-low interest rate era that lasted for 30 years. Regarding this, Kazuo Ueda commented: "There is no special significance to short-term interest rates being at a 30-year high; we will closely monitor the impact of the latest rate changes." Regarding future plans, Kazuo Ueda stated: "The pace of monetary adjustment will depend on the outlook for the economy, prices, and finance. There is still some distance to the lower bound of the neutral interest rate range. Currently, there is no sign of the strong tightening effect seen in previous rate hikes. We will decide whether to raise rates again after assessing the impact of the increase to 0.75% on the economy and prices. If wage increases continue to be passed on to prices, further rate hikes are indeed possible."

PANews, December 19 — According to CryptoQuant analyst MorenoDV_, a valuation reset for bitcoin is underway. By observing the bitcoin NVT Golden Cross indicator (smoothed by the 100-day moving average), it is possible to assess the relationship between market valuation and on-chain economic activity. NVT is regarded as bitcoin’s price-to-earnings ratio, where transaction volume replaces earnings, aiming to answer whether the network’s market capitalization aligns with actual economic activity. Currently, the NVT Golden Cross indicator shows that the short-term NVT is significantly below the long-term trend, indicating that bitcoin’s market value is discounted relative to on-chain activity. Historically, when the indicator deviates deeply into negative territory, it typically reflects bearish market sentiment and structural undervaluation of the network. In this cycle, the indicator dropped to a historic low of -0.58 and has now rebounded to around -0.32, suggesting that the price is gradually realigning with transaction-driven fundamentals, but still remains within a conservative valuation range. This phenomenon usually occurs during deleveraging and risk aversion phases, after which the market enters an accumulation period and drives healthier price discovery. The current market is transitioning from deep undervaluation to equilibrium, with more selective capital allocation, which may signal structural improvement and long-term opportunities in the crypto market.