GM20251202

1) Market Trend

BTC plummeted, altcoins fell broadly. The market lacks hotspots, and exchange trading volume hit a six-month low.

US stocks declined, while A-shares rose. The Bank of Japan is highly likely to raise interest rates in December.

2) Market Hotspots:

1. BTC plummeted, BlackRock continues to sell coins, MicroStrategy announced that it may sell coins if it falls below net asset value in the future.

2. The meme coin Pippin surged due to short squeezing. The chips are highly controlled, with market rumors of the same team managing the JellyJelly.

3. Small coin Merl surged due to short squeezing, with the project team collecting chips through OTC to drive the price up.