Wolfe Research: Crypto Market Sees Dip as Buying Opportunity, Bitcoin's Next Key Resistance at $100,000
**December 4: Wolfe Research Says Now’s a Good Time to Buy Crypto Dips**
Wolfe Research noted Wednesday (Dec. 4) that the cryptocurrency market’s clear bull-bear divergence is creating a potential buying opportunity—calling now a good time to buy the dip in cryptos.
The firm still expects Bitcoin’s near-term bottom to hover around $75,000, even after the token has rebounded to reclaim $90,000. That said, Wolfe flagged weak Bitcoin ETF inflows and ongoing general pressure on digital assets overall.
Technically, the crypto market has returned to a key long-term support zone that’s acted as a trend turning point multiple times historically. Momentum indicators are improving, and Bitcoin’s latest rebound is viewed as constructive. The next major test lies near the 50-day moving average ($101,000), with $100,000 standing as the critical psychological barrier.
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Reya: The REYA Public Sale has been oversubscribed, and the next step will be token distribution.
On December 4, decentralized exchange (DEX) platform Reya announced its initial coin offering (ICO) attracted over 4,000 users across 60+ countries, with the 2% token supply offered being oversubscribed. Next steps include finalizing token allocations, launching its spot market, and listing the REYA token on the Reya platform.
Earlier reports noted Reya conducted a token sale on CoinList from November 25 to December 2, offering 160 million tokens at $0.01875 each—with a fully diluted valuation (FDV) of $150 million. Fifty percent of the tokens will unlock at the token generation event (TGE), while the remaining 50% will vest linearly over six months post-TGE. The minimum purchase per account is $100, and small purchases are prioritized.
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CZ on Decentralized Autonomous Treasury (DAT) Company: Model Feasible but Management Team and Execution Capability Key
On December 4, CZ responded to questions about Decrypt-as-a-Treasury (DAT) companies during a KOL and Media Interaction session. Specifically, he was asked whether the DAT model is sustainable amid recent pressure on these firms and widespread skepticism about their future.
Here’s his breakdown:
- The DAT model’s core logic is feasible: It helps traditional companies without direct crypto asset purchase capabilities gain exposure to digital assets.
- MicroStrategy’s success has spurred imitation, but DATs vary in management fee structures—lower fees are generally better.
- The model carries risks, with the exact risk level tied to the management team, organizational structure, and operating philosophy.
- Fundamentally, it’s entirely feasible for public companies to hold high-quality crypto assets, which are likely to appreciate. Simply holding Bitcoin has been one of the best strategies over the past 10–15 years, outperforming 99% of startups and other investment approaches.
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Binance Alpha is initiating the second round of the Yooldo (ESPORTS) airdrop, with a minimum threshold of 250 points.
On December 4th, Binance Alpha launched the second round of its Yooldo (ESPORTS) airdrop. Users with at least 250 Alpha Points are eligible to claim 80 ESPORTS tokens on a first-come, first-served basis. If rewards aren’t fully distributed, the points threshold will automatically drop by 5 points every 5 minutes. Note that claiming the airdrop will deduct 15 Alpha Points from your balance.
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Opinion: Bitcoin's drop of over 30% from its all-time high is considered a normal fluctuation, as it has previously dropped over 55%.
December 4th — According to a CNBC report, Bitcoin recently dropped roughly 36% from its all-time high of $126,000 to below $81,000, though data shows pullbacks of this magnitude are common in Bitcoin’s history. The cryptocurrency has since rebounded to trade above $93,000, marking a 26% decline from its record peak.
Historical data reveals similar or larger pullbacks occurred multiple times during Bitcoin’s 2017 and 2021 cycles. Typically, prices have bounced back to new all-time highs following such drops: in 2021, Bitcoin fell over 55% between April and June, then rallied to a new high in November of that year.
Jacob Joseph, Senior Research Analyst at CoinDesk Data, noted that based on past cycles, this level of volatility aligns with Bitcoin’s long-term trend. In the current cycle, Bitcoin saw a 32.7% retracement from March to August 2024, and a 31.7% drop from January to April 2025. Lucy Gazmararian, founder of Token Bay Capital, pointed out the recent price swings are tied
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CZ: Debate on "Bitcoin vs. Tokenized Gold Pros and Cons" with Peter Schiff is about to begin
Dec. 4 — CZ tweeted, “The debate with Peter Schiff is about to start, and preparations are underway backstage.”
Earlier, economist and cryptocurrency critic Peter Schiff challenged CZ on X to debate the pros and cons of Bitcoin versus tokenized gold. In response, CZ said, “While you’re opposed to Bitcoin, you’ve always been professional and unbiased. I respect that. We can debate this.”
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