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AVAX
DUMP: Avalanche ($AVAX) struggling under macro pressure; drop below $45 targets a capitulation wick.
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๐ฅME News, December 14 (UTC+8), market analyst Jeff Park said that long-term investors holding large amounts of Bitcoin ("whales" or "OGs") are suppressing the spot price of Bitcoin by selling covered call options, introducing disproportionate selling pressure. This means that market makers must hedge their exposure to buying call options by selling spot Bitcoin, thereby forcing market prices down, despite strong demand from traditional ETF investors. Note: Selling call options gives the buyer the right, but not the obligation, to buy an asset at a predetermined price in the future, while the seller collects the option fee. [Source: MarsBit]$BTC
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๐ฅME News, December 14 (UTC+8), in the past 24 hours, the list of net outflows of crypto spot funds is as follows: BTC net outflow of $151.00 million; ETH net outflow of $42.00 million; ZEC net outflow of $35.00 million; XRP net outflow of $20.00 million; SOL net outflow of $12.00 million. The list of net inflows of crypto spot funds is as follows: XPL net inflow of $9.00 million; MNT net inflow of $2.10 million; WET net inflow of $1.70 million; XMR net inflow of$BTC $1.40 million; TRX net inflow of $960,000.00.
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๐ฅME News, December 14 (UTC+8): NFT market trading volume dropped 10% to $66.71M over the past week, with the number of buyers and sellers plummeting over 60%. Ethereum's trading volume slightly declined, while BNB Chain and Solana rose 45.64% and 48.27% respectively, with high-value CryptoPunks transactions occurring frequently$APE $PENGU
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๐ฅ16 crypto startups raised $176 million this week, bringing the total investment this year to over $25 billion, more than double last year's figure and far exceeding analysts' expectations. Major investors this week included Pantera Capital, Coinbase Ventures, and DCG, indicating that investors continue to pour into the crypto market despite a $1 trillion drop from its October high$BTC $SOL
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๐ฅMoonbirds' parent company Orange Cap Games CEO Spencer stated during his speech at Solana Breakpoint that the Moonbirds token BIRB will launch on Solana in early Q1 2026. Additionally, Spencer said they aim to become the "Pop Mart of the Web3 industry."$SOL
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