Data: Solana ecosystem DEX monthly trading volume exceeds $100 billion for the first time

On November 25th, according to the latest report released by QCP, the cryptocurrency market fell yesterday, with over $100 million worth of BTC and ETH holdings cleared on major exchanges. However, both remain stable above key support levels of $95000 and $3200, respectively. Although there was a pullback over the weekend, the forward volatility remains high. The market expects BTC to maintain range bound volatility before December, while the focus shifts to ETH in the short term. The ETH risk reversal indicator shows a high demand for short-term call options, while the demand for BTC call options is concentrated after December 27, 2024, or may be related to the potential impact of Trump's policies supporting cryptocurrency, which are expected to take effect next year. Recently, the market value of BTC has decreased from 62% to 59%, reflecting a trend where funds may gradually shift from BTC to ETH and other altcoins. In addition, Michael Saylor hinted today that he may increase his holdings of BTC. The market is paying attention to whether MicroStrategy's new round of purchases will push BTC to break through the 100K mark. If it does, BTC may further rise, while altcoins may be affected in the short term.

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OKX-ETH/USDT is currently trading at $3500.00, with a 24-hour increase of 2.97%. Please be aware of market fluctuations.

BlockBeats news, on November 25th, QCP released a daily opinion stating that yesterday, the cryptocurrency market fell and over $100 million worth of BTC and ETH positions were liquidated on major exchanges. However, BTC and ETH are still trading steadily above key support levels (95000 and 3200 respectively). Despite the weekend market correction, the long-term volatility remains relatively high. The market seems to expect BTC to consolidate sideways before December, while the focus in the short term shifts to ETH. The risk reversal of ETH still heavily favors short-term call options, while the demand for BTC call options is mainly concentrated after December 27, 2024, driven by the potential impact of Trump's pro crypto policies, which are expected to take effect as early as later next year. As we mentioned last week, if BTC continues to fail to break through 100000, there may be a trend of funds shifting from BTC to ETH and other altcoins. In fact, this situation has already begun to occur. In the past week, the market value of BTC has decreased from 62% to 59%. Despite the sustained strong inflow of funds from spot ETFs and the bullish trend of IBIT options supporting BTC, it seems that BTC is still struggling to move forward in the face of a huge 100000 sell order wall.

Odaily Planet Daily News: Formula News published an article stating, "To insider traders participating in the listing of Binance perpetual contracts, please sell your chips slowly next time. The WHY and CHEEMS crashes caused by you this time are 100% negative returns for all participants in the trading, and you are undermining the trading sentiment." Earlier, Binance announced the launch of the 1000WHYUSDT and 1000CHEEMSUSDT perpetual contracts, which subsequently triggered a short-term drop in WHY and CHEEMS and sparked intense discussions in the community.