Analyst says Bitcoin activity increase may indicate bull market not over
According to BlockBeats, on December 7, analyst TXMC pointed out that the technical indicator Liveliness is rising, usually representing bull market activity, which may indicate that this market cycle has not yet ended.
TXMC stated that despite the price decline, the demand for spot Bitcoin remains supported at the bottom and has not yet reflected in the price trend. This indicator is similar to the long-term moving average of on-chain activity.
He added that when tokens are traded more on-chain, activity will increase; when more are held, it will decrease. In a bull market, activity usually rises, indicating new capital inflow.
Maji Brother's ETH long position unrealized profit fully retraced, only 79.63 USD away from liquidation price
Foresight News reported that according to @ai_9684xtpa's monitoring, ETH has approached the opening price of 3,058.06 USD, with only 79.63 USD of space left to the liquidation price of 2,978.43 USD. Currently, his holding of 7,250 ETH (worth approximately 22.01 million USD) has an unrealized loss of 152,000 USD, having previously seen an unrealized profit of over 2 million USD fully retraced.
Among the top 100 publicly listed companies, 8 have increased their BTC holdings in 7 days
According to ChainCatcher, Bitcoin Treasuries.NET states that among the top 100 publicly listed companies holding BTC, 8 have increased their holdings in the past 7 days. Data shows that these 100 publicly listed companies collectively hold 1,059,453 BTC.
Binance founder Zhao Changpeng stated: "There will soon be more historical highs appearing." Otherwise, CZ should just keep quiet. According to the CZ indicator, whenever CZ starts to be bullish, the market will crash within three days. Currently, the accuracy rate is 100%😅😅😅
Analysis: Suspected insiders of PIPPIN control half of the supply, valued at $120 million
PANews December 2 report, the blockchain analysis platform Bubblemaps stated on Platform X that suspected insiders of PIPPIN control half of the supply, valued at $120 million. It was found that 50 associated wallets purchased PIPPIN tokens worth $19 million. These wallets have the following characteristics: all received HTX funding within a short period, received similar amounts of SOL, and previously had no on-chain activity records. Additionally, it was found that 26 addresses withdrew PIPPIN worth $96 million from Gate exchange within two months, accounting for 44% of the total supply. Most withdrawals occurred on October 24 and November 23, and most wallets were newly funded wallets. Over the past two weeks, the price of PIPPIN tokens has increased tenfold, with a market capitalization rising from $20 million to $220 million.
Bitcoin failed to break through key resistance over the weekend, plummeting nearly 5% on Sunday
According to Cointelegraph, Bitcoin failed to break through key resistance over the weekend, plummeting nearly 5% within three hours on Sunday. The asset traded around $91,500 for most of the time, before suddenly dropping to $86,950 on Sunday. Previously, Bitcoin recorded a green weekly candle for the first time in four weeks, closing the weekend at $90,411.
The Kobeissi Letter noted that there are often significant fluctuations on Friday and Sunday nights, and this drop had no obvious news catalyst. Kobeissi believes that this flash crash was due to a sudden spike in selling volume, leading to a chain reaction of sell-offs, exacerbated by the liquidation of historic leverage positions.
Bank of Japan Governor Kazuo Ueda Explains Purpose of Interest Rate Hike
According to a report by Jin Shi Data, Bank of Japan Governor Kazuo Ueda stated that raising interest rates in a loose monetary environment is intended to moderately ease the throttle in the process of achieving stable economic growth and stable price development, rather than applying the brakes on economic activity.
Saylor hinted at increasing positions again, big news may come on Monday. Michael Saylor tweeted on Sunday that he wants to add a green dot on the Bitcoin investment portfolio chart.
Those who understand, understand. This is their usual tactic before increasing their BTC holdings. Strategy currently holds nearly 650,000 Bitcoins, with an average cost of around $74,000, and the unrealized gains have returned to $11 billion.
Their CEO has previously stated that unless the stock price falls to the floor price and they cannot raise funds, they will never sell their coins.
Funding inflow into the cryptocurrency market decreased from $60 billion to $10 billion within a month
According to PANews, analyst Ali cited Glassnode data on the X platform, stating that over the past month, the funds flowing into the cryptocurrency market have decreased from approximately $60 billion to about $10 billion.
JPMorgan accused of manipulating rules to suppress Bitcoin-related companies
According to PANews, after JPMorgan submitted an application to the U.S. SEC to launch leveraged Bitcoin-supported notes, Bitcoin enthusiasts accused it of secretly manipulating the rules to suppress Strategy and digital asset reserve companies (DATs).
Previously, it was reported that JPMorgan launched structured notes linked to the BlackRock Bitcoin ETF, matching the BTC four-year halving cycle.
Terraform Labs co-founder Do Kwon faces a maximum sentence of 12 years due to the fraud case related to the collapse of TerraUSD
According to reports by Wu, the lawyer for Terraform Labs co-founder Do Kwon suggested that he be sentenced to five years in prison for the fraud case related to the collapse of the TerraUSD stablecoin. Kwon admitted to misleading investors and has been incarcerated for nearly three years.
The sentencing will be decided on December 11, and the prosecution is willing to accept a maximum sentence of 12 years, but the final outcome is still uncertain.
JPMorgan Launches Leveraged Note Product Linked to IBIT ETF
According to Odaily Planet Daily, JPMorgan has submitted a proposal to regulators for a leveraged structured note product linked to the BlackRock iShares Bitcoin Trust (IBIT) ETF. This product allows investors to bet on the future price of Bitcoin.
According to the prospectus, if by December 21, 2026, the IBIT ETF price is equal to or higher than the preset price, JPMorgan will redeem the notes early, paying at least $160 for each note.
If the price falls below the preset price, the note will be held until 2028, and investors can receive a return of 1.5 times the gains from the rise in Bitcoin's price, potentially leading to 'unlimited' returns. However, if the price of Bitcoin drops by 40% or more, investors will lose most of their initial investment. JPMorgan warns that Bitcoin price volatility is high and may continue to experience extreme fluctuations.
The probability of a 25 basis point rate cut by the Federal Reserve in December is 82.7%
According to BlockBeats, on November 25, the CME 'Fed Watch' data shows that the probability of a 25 basis point rate cut by the Federal Reserve in December is 82.7%, while the probability of maintaining the interest rate is 17.3%.
According to ChainCatcher, Strategy seems to have not purchased Bitcoin last week, breaking its previous record of six consecutive weeks of accumulation. The company, headquartered in Tysons Corner, Virginia, is the largest publicly traded Bitcoin holder, with a total of 649,870 Bitcoins, at an average purchase price of $74,400 per coin. Strategy's stock price has dropped about 70% from its peak and is currently trading slightly above 1.2 times its net asset value (NAV), marking the lowest level in this market cycle.