2025 is coming to an end, and the last full trading week is unfolding. While this week may seem calm on the surface, it is actually filled with hidden signals that could influence the market trend at the beginning of the year.

First, let's talk about the trading environment: The New Year's Day holiday has led to a decrease in trading volume. The US stock market remains open as usual, but the bond market closed early at 2 PM on Wednesday. When liquidity drops, volatility immediately amplifies, and the market's reaction to data becomes more敏感. During this time, leading cryptocurrencies like SOL, BNB, and ETH are easily becoming windows for emotional expression.

What should we pay close attention to on the economic front? Tech stocks led the decline last week, as major firms were pressured by short sellers due to expectations of capital expenditure. Next, the Federal Reserve meeting minutes, initial jobless claims data, and real estate indicators will take turns, all directly pointing to the true direction of inflation, employment, and interest rates. Every data point could rewrite market expectations.

Another easily overlooked factor: starting January 1, 2026, 22 US states will adjust their minimum wage standards. This may seem minor, but it will have a significant medium- to long-term impact on consumer spending power, corporate costs, and prices.

Overall, this week’s trading volume is light, and the data appears sparse on the surface, but there are underlying currents. Instead of chasing short-term gains, it’s better to focus on risk assessment and position adjustments, preparing for the intense volatility in 2026.