[Coinbase Institutional: Leverage Cleared in November, Healthier Market Structure] Leverage and speculative positions in the market saw a significant decline in November, potentially laying a solid foundation for year-end performance. Open interest in BTC, ETH, and SOL perpetual contracts dropped by 16% month-over-month; U.S. spot ETFs saw outflows of $3.5 billion in BTC and $1.4 billion in ETH. The funding rate for BTC perpetual contracts once fell below the 90-day moving average by 2 standard deviations before rebounding. Systemic speculative leverage has decreased from around 10% in the summer to 4%–5%, resulting in a healthier market structure and reduced sensitivity to sharp corrections in the short term.

[CZ Counterparty Whale Increases HYPE Long Position and Places 10,000 ETH Limit Sell Order] The 'CZ Counterparty' whale, who previously shorted ASTER for a profit of $10.66 million, placed a 10,000 ETH limit sell order at the $3,888 price level early this morning. Two days ago, the whale also placed approximately 1.706 million HYPE limit sell orders in the $57.78 to $57.788 price range. As of now, the whale holds a 20x leveraged long position of approximately 9,802 ETH with unrealized profits exceeding $1.905 million. Additionally, the whale increased their 5x leveraged HYPE long position by approximately 162,011.38 HYPE this morning, bringing the total position to 2,157,430 HYPE, with unrealized losses exceeding $5.403 million.

["'Iron-Headed Bull' Whale Takes Profit and Reopens Long Positions in ETH and SUI, Currently at an Unrealized Loss"] The "Iron-Headed Bull" whale closed its long positions in SUI and ETH at 04:26 and 06:15 early this morning, respectively, and reopened positions around 08:00. After multiple rounds of adding to the positions, it currently holds 3,045.2592 ETH long positions (approximately $10.08 million) and 2,514,167.6 SUI long positions (approximately $4.11 million), with unrealized losses of $31,000 and $71,000, respectively. In the previous round, the whale held its SUI long position for 48.5 hours, netting a profit of $290,000, and its ETH long position for 14.5 hours, netting a profit of $420,000. Over the past week, the account has achieved a total profit of approximately $590,000, while its unrealized losses over the past month amount to $1.135 million.

[U.S. Spot Ethereum ETF Net Inflow of $175.27 Million Yesterday] Data monitored by Trader T shows that the U.S. spot Ethereum ETF had a net inflow of $175.27 million yesterday.

[U.S. Spot Bitcoin ETF Net Inflow of $150.77 Million Yesterday] Monitoring data from Trader T shows that the U.S. spot Bitcoin ETF had a net inflow of $150.77 million yesterday.