Not Random BTC, ETH… Rise: Here is the information to note
BTC surged above $90k after hitting a low of $83k yesterday, while ETH
is also heading towards $3k again after the dump. Here is
some of the latest hot news based on the data:
1. Fed pumped massive money + Rate cut expectations Fed just
injected $13.5 billion USD into the banking system – the largest since 2020, shifting from Quantitative Tightening (QT) to more easing. This makes the market risk-on, cheap money flows into crypto. Additionally, the probability of a rate cut in December is up to 87%, benefiting BTC/ETH from institutional cash flow.
2. Ethereum's Fusaka Upgrade is about to go live. On December 3rd (tomorrow), Ethereum will activate Fusaka – the largest upgrade since Dencun, doubling blob capacity (from 6 to 14/block), reducing L2 fees by ~30%, increasing scalability, and burning more ETH. This makes ETH undervalued (according to Santiment), with $312M
inflow ETF last week. It is predicted that ETH could reach $3,900-$4k by the end of the month.
3. Institutional FOMO + ETF inflows reverse Vanguard (the $11T fund)
has just allowed clients to buy BTC directly, BlackRock/Fidelity ETF BTC inflow of $165M today after outflow last week. Grayscale predicts BTC will break ATH in 2026 thanks to institutional lead (no retail FOMO needed).
ETH ETF is also strong: $461M inflow in August, now buying the
dip. Altseason could start when ETH >$3k, pulling SOL/BNB along.
4. Yen carry trade unwind stabilizes, short squeeze The dump yesterday
was due to JGB yield increase + strong yen (carry trade unwind), but is now stabilizing,
leveraged shorts were wiped out → pump rebound. Fear & Greed Index is at 24 (extreme fear) which is often a bottom, historically tends to rebound after 2-5 days.
CZ (Binance) tweet: "Many more ATHs coming soon" →
market pump right away!
Overall, this is #ReboundBuy after #Macro shock, but
fundamentals are solid (institutional + upgrade). If Fusaka goes smoothly and the Fed cuts rates, it could moon further.