Bitcoin dropped below the psychological $84,000 mark, trading around $83,977 on Binance USDT markets. Traders are watching immediate support near $83,500 and major support around $82,000; resistance to reclaim sits at $84,500 and $85,200. The move likely reflects profit-taking, macro sentiment shifts, or large sell orders (whale activity). For traders, recommended responses include reviewing BTC allocation, avoiding emotional selling, tightening stop‑losses if trading short-term, and considering dollar‑cost averaging for long-term positions. Key SEO keywords: Bitcoin price, BTC support, crypto volatility, Bitcoin drop, BTC trading levels.
Bearish
BitcoinBTC priceMarket volatilitySupport and resistanceTrading strategy
The XRP Ledger (XRPL) recorded an abrupt surge of more than 40,000 AccountSet transactions within a short time window. AccountSet operations configure accounts (flags, keys, permissions) rather than move value; their volume and consistent structure indicate deliberate, large-scale wallet or infrastructure preparation rather than a script error. Analysts flagged the pattern as matching mass wallet configuration — possibly custodial, institutional, stablecoin-related, or pre-launch infrastructure. Concurrent exchange flows were reported: one exchange saw ~68 million XRP leave over seven days, and ~35 million XRP over the prior month, while other exchanges showed strong inflows. XRPL network metrics are rising broadly — active daily addresses climbed to ~295,000 (versus a prior 35k–40k average) and accounts above minimum balance topped 7 million; 21,595 new wallets were created within 48 hours at one point. No public identities are tied to the AccountSet wave, so intent remains unconfirmed. Traders should watch for follow-up signals: large deposits into the newly configured wallets, activation of trust lines or feature flags, bulk on‑chain transfers, or concentrated exchange movements. These would clarify whether the event presages major liquidity deployment, institutional onboarding, or internal wallet reorganization. This is a significant XRPL infrastructure signal but not yet definitive on market intent.
Ongoing price ambiguity, liquidity shortfalls and uneven exchange support have left Pi Network holders frustrated after the project’s mainnet opening. With quoted PI prices thin and volatile, many miners and early holders are seeking alternatives that provide immediate utility. Remittix (RTX) is highlighted as a practical substitute: it offers a live Web3 payment wallet (App Store launch, Play Store imminent), merchant integrations, transparent tokenomics and a published roadmap targeting cross-border remittances and on-chain payments. The article contrasts Pi’s enclosed ecosystem, slow adoption and unclear roadmap with Remittix’s functioning product, clearer communications and rapid merchant-focused adoption. Market outlooks presented: Pi’s price and utility could improve if it opens fully, but timelines remain uncertain; Remittix’s short-term outlook is bullish because of product traction, expected investor demand, and merchant-driven token velocity. The piece notes a Remittix promotional offer and includes promotional links. Key SEO keywords: Pi Network, Remittix, RTX, crypto payments, remittances, token utility, liquidity.
Bullish
Pi NetworkRemittixcrypto paymentsliquidityremittances
Sub-cent presales can offer outsized percentage returns when tokenomics, community momentum and scarcity mechanics align. The article highlights Noomez (NNZ), priced at $0.0000230 and entering Stage 6 of a 28-stage presale, as an example of an early-stage ‘‘cheap’’ meme coin. It explains that cheap tokens are defined by low market cap and early adoption rather than nominal token price, and outlines why sub-cent projects attract investors: psychological accessibility, higher percentage upside potential, and early supply controls such as liquidity locks and token burns. The piece compares presales and live low-cap listings, noting presale advantages (fixed pricing, early access, staged deflationary mechanics, narrative build) and trade-offs (no immediate liquidity, greater post-listing price discovery risk). It advises traders to evaluate community activity, team transparency, presale mechanics, vesting and liquidity lock details, and personal risk tolerance before investing. The article is a paid promotional press release and includes links to Noomez’s website and social channels; readers are warned this is not financial advice.
Bitcoin (BTC) dropped below $84,000 after Wall Street resumed selling following the Thanksgiving break, with daily losses exceeding 7% and intraday lows near $83,814 on Bitstamp. Market participants cited intensified macro headwinds from Asia — including Japan’s rate hike, thin liquidity and potential corporate treasury Bitcoin sales — as drivers that compounded weak market depth. QCP Capital warned that while U.S. quantitative tightening (QT) has formally ended (potentially easing liquidity), rising Asian macro pressure and strategy-related flows make the coming sessions pivotal for whether BTC can finish 2025 in the green. Traders signalled critical technical levels: one popular trader flagged support at $85.2K and weekly open resistance near $86.8–87K. Analyst Michaël van de Poppe called BTC below $90K a “massive opportunity” to accumulate, suggesting a bottom formation is in progress and that ETH could outperform once confirmed. Other on-chain and exchange indicators, such as a flipped Coinbase premium and rising open interest amid price drops, were cited as bearish signs. This article does not constitute investment advice.
Bearish
BitcoinBTC priceMarket liquidityWall Street sellingMacro headwinds
Casa announced it successfully passed a SOC 2 Type II audit covering April 1, 2025 to November 15, 2025, validated by Prescient Assurance. The attestation verifies controls across security, availability, processing integrity, confidentiality and privacy for Casa’s self-custody platform. Key points: institutional-grade data storage, documented and tested operational policies, access controls to prevent unauthorized access, and safeguards for customer data and wallets. Casa frames the certification as independent assurance that its infrastructure and processes reduce trust requirements for users. Next steps include pursuing SOC 1 (financial reporting controls) and likely ISO 27001 certification. The company invites users to consult its Compliance Center for details about monitored controls and subprocessors.
Neutral
SOC 2 Type IIself-custodysecurity complianceCasacrypto custody
Tom Lee, head of research at Fundstrat and CIO at Fundstrat Global Advisors, forecasts a strong December for U.S. equities, projecting the S&P 500 could reach 7,200–7,300 by year-end — roughly a 10% upside from current levels. The brief report highlights Lee’s bullish year-end stance but provides limited detail in the article on drivers or timing beyond a bullish December outlook. No specific macro drivers, sector breakdowns, or risk scenarios are discussed in the cited piece. The prediction has implications for risk assets broadly and may influence trader positioning ahead of year-end, particularly in equities and correlated crypto assets.
First Digital Group, the Hong Kong-based issuer of the FDUSD stablecoin, is reportedly planning a public listing in the United States through a merger with special purpose acquisition company CLSM Digital Asset Acquisition Corp III (ticker: KOYN). The move, reported by media and cited on Seeking Alpha, would take the FDUSD issuer public via a SPAC deal rather than a traditional IPO. Details such as deal terms, valuation, timeline, and regulatory approvals were not disclosed in the report. The primary parties named are First Digital Group and CLSM Digital Asset Acquisition Corp III (KOYN). This development is relevant to traders tracking stablecoin issuers, US listings, and SPAC activity in the crypto sector.
Neutral
First DigitalFDUSDSPACCLSM (KOYN)Stablecoin listing
Dogecoin’s recent ETF listing has shifted attention across the meme-coin sector, prompting institutional and market moves toward BONK and Shiba Inu (SHIB). BONK launched a fully listed exchange-traded product (ETP) on the SIX Swiss Exchange issued by Bitcoin Capital, enabling investors to gain regulated, custody-free exposure; the debut produced an intraday price rally and follows rising BONK trading volume and market cap within the Solana ecosystem. Shiba Inu has not yet secured its own ETP but is appearing in institutional product designs: T. Rowe Price included SHIB in filings for an actively managed crypto ETF and Grayscale assessed SHIB as a structurally viable candidate for future spot-ETF models. The developments provide greater accessibility and perceived legitimacy for meme tokens, with Bitcoin Capital’s CEO highlighting simplified trading for non-crypto investors. Key takeaways for traders: BONK’s SIX ETP can drive short-term demand and volatility; SHIB institutional mentions increase the probability of future fund inclusion and longer-term inflows; both tokens may see heightened liquidity and correlation with broader ETF flows. Primary keywords: Dogecoin ETF, BONK ETP, Shiba Inu, SIX Swiss Exchange, Bitcoin Capital. Secondary/semantic keywords: meme-coin legitimacy, institutional adoption, regulated exposure, Solana ecosystem, trading volume.
A major Binance Coin (BNB) holder transferred 12,320 BNB (≈$10.76M) to a Binance deposit address this week, a typical precursor to selling. Arkham Intelligence flagged the on-chain flow while Coinglass data (via Outset PR) shows BNB long liquidations reached about $3.5M in 24 hours. Open interest declined from $1.4B in mid‑November to $1.3B by month-end, and 24‑hour trading volume rose ~70% even as market cap fell from $123B to $114B. Technically, BNB is trading near $830, below the 100‑day EMA ($950.7) and 100‑day SMA ($993.8), signaling a medium‑term downtrend. Taken together, the whale exit, leverage unwind, falling open interest and distributionary volume point to increased sell‑side pressure and reduced speculative appetite. The market now awaits whether buyers will defend current levels or if continued outflows deepen the decline.
On 21 November 2025 Cardano (ADA) experienced a rare chain split after a deliberately crafted delegation transaction exploited a long‑standing deserialisation bug in node validation. Newer node versions accepted the malformed delegation while older versions rejected it, producing two competing ledger histories and fragmenting the network for several hours. Block production continued on both branches, causing slow block production, delayed confirmations, inconsistent state across nodes, and disruption to exchanges, block explorers and DeFi protocols; several exchanges temporarily suspended ADA deposits and withdrawals. Core Cardano organisations (IOG, Cardano Foundation, Intersect, EMURGO) released emergency patched node software within about three hours and instructed operators to upgrade, enabling network reconvergence. No funds were reported stolen. The transaction publisher later apologised and called it an experiment; Charles Hoskinson described it as a potential targeted attack and said authorities were notified, prompting controversy and at least one public resignation. The incident exposed risks from version fragmentation, validation inconsistencies and governance coordination. Recommended mitigations include stricter uniform validation, formal verification of serialisation libraries, enforced deprecation timelines and stronger upgrade coordination, adversarial testing, clearer developer experiment guidelines, and improved incident response and communication with exchanges and infrastructure providers. Traders should monitor node upgrade adoption, exchange custody status, confirmation times and ADA liquidity as the network completes recovery, because reputational damage and short‑term volatility may persist until confidence and uniform validation are restored.
First Digital Group, the Hong Kong-based issuer of stablecoin FDUSD, plans to go public by merging with SPAC CSLM Digital Asset Acquisition Corp III (CSLM), according to Bloomberg sources. The company will sign a non-binding letter of intent outlining the deal. FDUSD currently has about $920 million circulating, down from a peak near $4.4 billion in April 2024. First Digital also serves as trustee managing reserves for TrueUSD, a stablecoin operated by Techteryx, whose adviser is Sun Yuchen (Justin Sun). The move would list First Digital in New York, potentially raising its profile and access to U.S. capital markets amid tighter stablecoin oversight globally. Key keywords: First Digital, FDUSD, SPAC, CSLM, stablecoin, TrueUSD, Justin Sun.
Canada is moving to legislate stablecoins backed by the Canadian dollar, mirroring recent U.S. action. Scotiabank economist Derek Holt says the primary aim is modernizing payments — faster, cheaper, 24/7 settlement and improved cross-border transfers — rather than triggering broad financial-market disruption. The report notes stablecoins’ growing role in crypto markets (led by Tether’s ~US$185bn footprint and Circle’s USDC) and reserves parked in short-term Treasuries, repo and money-market funds. That reserve mix raises systemic concerns if a run forces asset liquidations, and S&P has lowered its assessment of Tether’s peg resilience while rating Circle steadier due to Treasury-focused reserves. However, Scotiabank judges stablecoins remain a modest slice of global finance today; Canada’s exposure is limited and the near-term macro impact should be muted. Traders should watch regulatory details, issuer reserve composition and any signs of stress that could affect liquidity in short-term debt markets. Primary keywords: stablecoin regulation, Canada stablecoin rules; secondary keywords: payments innovation, Tether, USDC, reserve risk.
Bitcoin fell about 5% to $85,663 after Bank of Japan Governor Kazuo Ueda signalled a continuation of policy normalisation and increased odds of a rate hike at the Dec. 19 meeting. The BoJ’s shift matters because Japan had been one of the last major sources of abundant liquidity; tightening expectations prompted a swift reassessment of risk assets. Bitcoin has already slid from an early-October peak near $126,223, losing roughly one-third of its value. Traders now watch a key support level at $80,553 (Nov. 21). A break below that could trigger forced liquidations among leveraged holders and weigh on correlated high-beta sectors such as Nasdaq tech and AI-related stocks. Other factors adding to caution include stretched valuations in tech/AI and a drop in the VIX below its 12-month average, which some see as complacency ahead of potential policy tightening. The near-term outlook hinges on the Dec. 19 BoJ meeting: a confirmed rate rise would likely extend downside pressure on Bitcoin and risk assets, while a dovish hold or cautious tone could allow tactical stabilization. Traders should prioritise disciplined risk management, monitor liquidity and volatility indicators, and consider protective positions around Bitcoin’s support levels.
Bearish
BitcoinBank of JapanInterest ratesRisk sentimentMarket liquidity
Bitcoin spot ETFs reversed four weeks of outflows that removed $4.35 billion from the market, recording $70 million in net inflows this week and $71 million on Friday alone. Cumulative net investments in U.S. spot Bitcoin ETFs since launch reached $57.7 billion, while total ETF assets across issuers hit $119.4 billion (about 6.5% of Bitcoin’s market cap). BlackRock’s IBIT led the recovery with $238.4 million of net inflows over the past week despite earlier November redemptions; Fidelity’s FBTC and ARK 21Shares (ARKB) also drew significant inflows. Friday saw $3.4 billion in ETF trading volume. Large holders (whales) increased accumulation, wallets with ≥1,000 BTC rose to over 1,450, and Bitcoin reclaimed levels above $90,000 after dropping below $80,000 during panic. Macro tailwinds — markets pricing an 85% chance of a December 25bp Fed cut and a weaker dollar — supported demand, while structural upgrades such as Nasdaq boosting options limits for IBIT and institutional allocations (including a $5m Texas state allocation to IBIT) deepened market acceptance. Technicals show BTC consolidating between $84,000–$91,500 with RSI around 42; a breakout above $92,000 would confirm trend reversal. Analysts say sustained weekly ETF inflows above $100 million, combined with whale accumulation and improving macro conditions, could push BTC toward $100k–$110k. Final outlook in the article: medium-term bullish/buy bias.
Crypto exchange Bybit has pledged $100,000 in direct humanitarian aid for Sri Lanka following catastrophic flooding caused by Cyclone Ditwah. The funds will be routed to local partners and relief organisations to support emergency supplies, temporary shelter, clean water, medical assistance and recovery operations. Bybit framed the donation as part of its corporate social responsibility and crisis-response commitments, coordinating with local authorities to channel assistance. The contribution is purely charitable — not tied to tokens, trading incentives or marketing promotions — and follows broader corporate and philanthropic responses across the region. For crypto traders: this is primarily a reputational and regulatory goodwill move rather than a market-moving event; it may modestly bolster Bybit’s brand perception in Southeast Asia but has no direct implications for cryptocurrency prices or trading mechanics.
SoftBank Group CEO Masayoshi Son said he reluctantly sold the company’s entire $5.8 billion Nvidia stake in October to raise cash for an aggressive AI investment drive centered on OpenAI. Speaking at a Tokyo forum, Son said he “was crying to sell Nvidia shares” but needed funds to support large data-centre builds and a planned investment program. SoftBank has committed to lead a funding round for OpenAI that could bring its total exposure to around $34.7 billion by year-end, following earlier commitments that valued OpenAI at up to $300–500 billion in recent months. The Nvidia sale (32.1 million shares) helped produce a record quarterly profit—SoftBank reported ¥2.5 trillion (~$16.6 billion) in Q2, boosted by paper gains on OpenAI. To fund the OpenAI plan, SoftBank has also sold T-Mobile shares (~$9.17 billion), issued bonds, taken bridge loans and expanded margin financing secured by Arm stock. Finance chief Yoshimitsu Goto framed the Nvidia exit as routine portfolio rebalancing, not a comment on Nvidia’s prospects. Son dismissed AI‑bubble warnings as uninformed, arguing large upfront spending will pay off if AI captures a meaningful share of global economic output. Key facts: $5.8B Nvidia sale (32.1M shares), record Q2 profit ¥2.5T (~$16.6B), planned OpenAI exposure ~$34.7B by December, prior T-Mobile sales ~$9.17B, expanded margin loan secured by Arm. Primary keywords: SoftBank, Nvidia sale, OpenAI investment, Masayoshi Son.
Eclipse integrates the Solana Virtual Machine (SVM) into an Ethereum-anchored rollup that settles on Ethereum and publishes data to Celestia. By adopting SVM’s deterministic parallelism, Eclipse runs applications in separate lanes with localized fee markets, reducing network-wide fee spikes and improving throughput under load compared with typical EVM-based rollups. The project uses a ZK-accelerated fraud-proof system powered by RISC Zero, enabling succinct proofs for disputed execution and shortening challenge resolution while preserving optimistic-rollup economic incentives through bonding. Eclipse aims for L2BEAT’s Stage-2 classification (permissionless fraud proofs, strict upgrade rules, clear exit windows) and recently added a ZK data-availability challenge subsystem that lets Ethereum verify Celestia commitments. The report from Cointelegraph Research outlines the architecture, economic trade-offs, and milestones required for Eclipse to qualify as a verifiable rollup. Key implications include novel congestion control via lane-based execution, isolated fee markets, and a hybrid security model combining SVM performance with Ethereum settlement and external data availability.
Empery Digital (NASDAQ:EMPD) updated its previously authorized $150 million share repurchase program, reporting that it has repurchased 13.67 million common shares as of November 28, 2025. The company paid $6.99 per share for these repurchases. No additional operational or financial details were disclosed in the update. Key figures: $150M authorized buyback, 13.67M shares repurchased, $6.99 average price per share, effective date November 28, 2025. Traders should note this is a capital-return action that can support the stock price by reducing float and signaling management confidence, but lacks detail on remaining authorization, timing, or funding source.
MicroStrategy (ticker: MSTR) acquired 130 BTC between November 17 and November 30, spending approximately $11.7 million at an average price of $89,960 per bitcoin. The purchase raises the company’s reported aggregate bitcoin holdings to 650,000 BTC. The buy signals continued corporate accumulation by a major institutional holder and may reflect MicroStrategy’s ongoing treasury strategy to hold bitcoin as a reserve asset. Key details: 130 BTC purchased; total spend ~$11.7M; average purchase price ~$89,960; period: Nov 17–30; new aggregate holdings: 650,000 BTC. Keywords: MicroStrategy, MSTR, bitcoin, BTC, corporate bitcoin treasury, institutional accumulation.
Yearn Finance’s legacy yETH vault was exploited in a single transaction that minted excessive yETH tokens, draining roughly $9 million from stableswap liquidity. Security monitor PeckShield first flagged the breach and traced on-chain flows. Yearn confirmed about $0.9M lost from the yETH–WETH Curve stableswap and ~ $8M from a custom stETH/rETH pool. The attacker moved roughly 1,000 ETH (≈ $3M) into Tornado Cash in 100 ETH increments and retains about $6M in an exploiter-controlled wallet. Arkham analytics show holdings split across staked-ETH derivatives and wrapped/staking xETH tokens (Rocket Pool, Lido, pXETH, fXETH, cbETH, tETH). The root cause was an unchecked mint function in the yETH contract that allowed unlimited minting without adequate collateral. Yearn has opened a war room with SEAL911 and Chain Security and is conducting a full postmortem. The exploit coincided with an intraday ~5% drop in ETH, higher trading volume and bearish technical signals (ETH below the 50-day EMA; 14-day RSI near 34). Traders should watch staked-ETH derivative pools and legacy vault contracts for fragility; consider liquidity risk, on-chain address monitoring, and potential heightened audit scrutiny. Primary keywords: Yearn yETH exploit, Tornado Cash, yETH mint vulnerability, stETH, rETH, DeFi security.
Michael Saylor teased adding “green dots” to MicroStrategy’s (MSTR) slides after the company’s market net asset value (mNAV) slipped below 1.0x. Strategy’s guidance states that when mNAV is “Below 1.0x mNAV” the firm will “consider issuing credit to repurchase MSTR,” a contrast to higher bands where the company would issue stock to buy more bitcoin. Strategy’s bitcoin holdings were shown at 649,870 BTC (~$59.45 billion as of Nov. 30, 2025). Traders on X noted the mNAV dip and linked Saylor’s comment to potential share buybacks rather than further BTC accumulation. Chart analysts have mapped a near-term rebound scenario for MSTR: price is trading just above support near $170, with a critical resistance band around $177–$190. X analyst Han Akamatsu says reclaiming $180 would be “the first positive step,” with an initial upside target near $235 if bulls defend $170 and clear the $177–$190 cap. Momentum indicators show oversold RSI in the low 30s beginning to curl higher, suggesting selling pressure may be easing. Key takeaways for traders: primary keyword — MSTR buyback; monitor Strategy’s mNAV band and any corporate action announcements; watch $170 support and $177–$190 resistance for short-term setups; a confirmed reclaim of $180 could open a move toward $235. Relevant keywords: MSTR buyback, mNAV, MicroStrategy, BTC holdings, stock repurchase.
Bitcoin faces heightened selling pressure as on-chain metrics and liquidity models diverge from spot price. A capitulation metric tracking realized losses has spiked to cycle highs, a pattern that preceded past market recoveries, suggesting weak hands are exiting. At roughly $90,000, Bitcoin trades well below a liquidity-based fair-value model that technician Michaël van de Poppe places near $165,000 — the widest mispricing seen in this cycle. Short-term technicals show price rejected at first resistance in the low-$90,000s after bouncing from demand in the mid-$80,000s; some analysts still see a scenario to reclaim $90.3K before year-end if Bitcoin prints a higher low. Key takeaways for traders: elevated capitulation signals potential supply exhaustion but not an exact bottom; a large liquidity gap implies substantial upside if macro liquidity and risk appetite normalize; immediate price action remains vulnerable to continued selling and failed attempts to reclaim resistance. Primary keywords: Bitcoin, capitulation, liquidity model, fair value, BTC price. Secondary keywords: realized losses, global liquidity, resistance, support, on-chain.
Jared Grey, CEO and Managing Director of Sushi Labs (SushiSwap), announced he will step down from his leadership role and transition to an advisory position while continuing to provide strategic guidance. Synthesis, led by Alex McCurry, has made a substantial capital investment in Sushi to support its long-term development and operations. Alex McCurry has joined Sushi as Managing Director to lead the protocol into a new phase. The move signals an organizational leadership change and an incoming influx of external capital aimed at stabilizing and scaling Sushi’s operations. No specific investment amount was disclosed. Key names: Jared Grey, Alex McCurry, Synthesis, Sushi (SushiSwap). Primary keywords used: Sushi, Jared Grey, Synthesis investment.
Ramp Network CEO Przemek Kowalczyk outlines how the next phase of crypto adoption depends less on raw tech and more on reducing psychological, regulatory, and UX frictions. Key points: uncertainty — not technical limits — remains the main barrier; users want familiar, predictable flows for buying, swapping and cashing out. Global regulation (MiCA in EU; evolving US federal bills and OCC activity; cautious LATAM regimes) is reshaping product design, requiring modular flows and regulatory-ready architectures. Ramp’s approach: a single-account experience with swaps, a stablecoin wallet, and responsible abstraction that preserves user control while removing key-management, gas, and network complexity. Kowalczyk says on/off-ramp providers will evolve into connective infrastructure for stablecoins, tokenized assets and CBDCs, enabling one-account movement between fiat and digital assets. Predictions for 2025+: clearer regulation (legitimising services), consolidation of fragmented user tools into integrated wallets, and convenience via better abstraction will drive mainstream adoption. The interview stresses treating licensing and trust as strategic product features and designing region-specific flows to meet local compliance. Disclaimer: informational only, not financial advice.
CoinDesk indices report a broad market pullback: the CoinDesk 20 Index fell to 2,722.81, down 7.3% (-213.41) since 4 p.m. ET on Friday. All 20 tracked assets were trading lower at the time of the update, marking a full sell-off across the index. Bitcoin (BTC) led the large-cap names with a 5.7% decline over the weekend; Bitcoin Cash (BCH) was a relative outperformer with a 4.8% drop. Earlier reporting showed a similar broad-based downturn with the CoinDesk 20 at 3,683.7 (a 6.2% drop) and BTC down 3.9%, indicating that selling pressure accelerated in the later update. The biggest losses in the latest snapshot were NEAR (-13.8%) and Avalanche (AVAX, -13.7%), while SUI and other mid-cap altcoins also saw steep declines in prior reports. For traders: the update signals widespread selling pressure and elevated downside risk across large-cap crypto assets. Consider tightening risk management, reviewing stop-loss levels, and reducing leveraged exposure until market direction stabilizes.
Bearish
CoinDesk 20BitcoinMarket SelloffAltcoin LossesCrypto Index Performance
BitMine Immersion Technologies, led by Thomas (Tom) Lee, purchased 96,798 ETH last week, raising its holdings to about 3.73 million ETH (≈$10.5bn) while also holding 192 BTC, $882m cash and a $36m stake in Eightco. The firm increased weekly ETH purchases by 39% despite sitting on roughly $4bn in unrealized losses on its ether position and amid a broader pullback by digital asset treasuries. BitMine cited Ethereum’s upcoming Fusaka network upgrade (expected Dec 3) and an anticipated Federal Reserve pause in quantitative tightening and potential rate cuts as positive tailwinds for ETH. The firm’s shares fell pre-market after a near-term ETH price drop. Key takeaways for traders: large institutional accumulation continues from a major ETH treasury despite marked unrealized losses; Fusaka and macro policy are being priced as catalysts; such concentrated buying can support ETH demand but also concentrates risk if prices weaken further.
Pi Network (PI) shows weakening momentum as bullish volume around the $0.22 point of control (POC) fades. Price is trading near $0.22 with reduced demand compared with prior rebounds, suggesting liquidity is building beneath this support. Traders expect a likely sweep below $0.22 to capture that liquidity, which would target the $0.20 value area low as the next major support. A defensive bounce from $0.20 could restore the range and push PI back toward $0.22 and the upper resistance at $0.25. Short-term downside risk is heightened by 190 million tokens due to unlock, which may add selling pressure. Pi’s strategic investment in CiDi Games is noted but has not affected near-term price action. Key figures: current trading around $0.22, immediate support $0.20, resistance $0.25, 190M tokens unlocking. Primary keywords: Pi Network, PI price, bullish volume. Secondary/semantic keywords: liquidity sweep, point of control, value area low, token unlock, short-term correction.
Bearish
Pi NetworkPI priceliquidity sweeptoken unlocktechnical analysis
Crypto markets plunged on Dec. 1 as a wave of negative headlines and forced liquidations hit prices. Total liquidations jumped 440% in 24 hours to about $781 million, including roughly $311 million in BTC and $167 million in ETH positions. The sell-off was driven by concerns around Tether after S&P Global downgraded the stablecoin and flagged potential asset-liability mismatches, plus commentary from industry figures warning of risks if interest-rate assumptions change. Corporate selling risk also rose after a strategist warned a bitcoin-holding firm might liquidate reserves if enterprise multiples turn negative. ETF outflows added pressure: spot BTC funds saw roughly $3.5 billion of outflows in November and ETH funds experienced their first outflow in months. Near-term bullish catalysts cited include rising market bets (Polymarket) that the Fed will cut rates in December (near 90% odds), speculation around a crypto-friendly Fed chair pick, a possible BTC double-bottom technical pattern around $80,494 with a neckline near $93,185, and an extreme Fear & Greed Index reading (<20) that historically precedes rallies. Traders should expect elevated volatility: short-term downside from liquidations and flows, but potential relief rallies if macro expectations shift toward rate cuts or if technical support holds.
Bearish
BitcoinTetherLiquidationsETF outflowsInterest-rate outlook