Gate Ventures: Year-end portfolio adjustments dominate market sentiment; structural narrative sectors outperform.

According to Gate Ventures' latest crypto weekly report, the crypto market is becoming increasingly sensitive to risk changes due to year-end funding adjustments and shifts in macroeconomic expectations. While the Fed's 25 basis point rate cut and dovish signals provided support for liquidity, overall risk appetite remained cautious, and major assets continued to trade within a range.

In terms of market performance, Bitcoin fell 2.47% for the week, Ethereum remained largely flat, and the ETH/BTC ratio rebounded slightly. However, the Fear & Greed Index remained in the "extreme fear" range, reflecting weak short-term sentiment. Amidst overall downward pressure, some narrative-driven sectors performed exceptionally well. Mantle rose nearly 18% for the week, boosted by news of AI trading and liquidity collaborations; meanwhile, progress such as the Solana Firedancer mainnet launch indicates continued advancements in Web3 underlying performance and interoperability infrastructure. In venture capital, total disclosed funding this week slightly decreased to $188 million, with funds primarily concentrated in infrastructure, artificial intelligence, and liquidity abstraction.

Gate Ventures notes that the cryptocurrency market is likely to remain range-bound in the short term as macroeconomic uncertainty and year-end rebalancing continue to influence market behavior. Projects with clear uses, enduring demand, and infrastructure-level relevance are expected to attract more sustained capital attention.