Hedera’s HBAR token saw a dramatic 5% intraday swing as institutional investors drove heavy volatility, with early gains erased by late-session corporate liquidation pressure.
Click on the link to enter the meeting: https://meeting.tencent.com/p/6321551049 The overall cryptocurrency market has experienced slight fluctuations, with a total market value of approximately 3.05-3.23 trillion US dollars, and a Fear&Greek Index hovering around 23 (extreme fear). The price of Bitcoin (BTC) fluctuated around $89000, rebounding from yesterday's low, but the market experienced a 24-hour sell-off of $19.3 billion, affecting 1.6 million accounts. Ethereum (ETH) is around $3040, while XRP has fallen to $2.02. 1: China reiterates its policy of prohibiting virtual currencies: The People's Bank of China and seven other associations jointly issued risk warnings, clarifying that virtual currencies cannot be used as currency for circulation within China, and requiring relevant institutions not to provide any services. At the same time, the domestic RWA (Real World Assets) chain has terminated. This is in contrast to the global regulatory divide, where the Middle East (such as the United Arab Emirates) and Western regions are accelerating towards crypto friendliness. 2: SEC updates its agenda: The SEC will hold a roundtable discussion on "Cryptocurrency and Privacy" next week, and the founder of Zcash will give a speech; The SEC chairman stated that the entire financial system will operate on top of Bitcoin and cryptocurrency assets in the coming years. 3: The news presents a pattern of "hot in the west and cold in the east": Western institutions are accelerating their entry and product landing, while China is strengthening supervision. The market is under short-term pressure (due to the end of the Fed's QT injection of liquidity or favorable risk assets), but in the long run, institutional allocation and tokenization trends support a rebound. Suggest paying attention to the BTC support level of $89000. The probability of a strong rebound in December is high. Maintain position management. At present, the market structure still maintains an upward trend, with support provided by the news side; Control the position and maintain a good profit and loss ratio; Tonight we will talk about the trend and layout of the market, teach indicators, deviate from techniques, follow the live broadcast room, take you through bull and bear markets, welcome to interact. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
[Glassnode: Panic Eases After Bitcoin Stabilizes, Funds Flowing Into Bullish Options] Glassnode's weekly report indicates that the current market conditions are similar to the early stages of the 2022 bear market. ETF demand remains weak, with IBIT experiencing six consecutive weeks of outflows, totaling over $2.7 billion in redemptions—the longest negative flow record since its launch in January 2024. Derivatives data shows a decline in risk appetite, with open interest decreasing continuously from November to December, perpetual contract funding rates remaining largely neutral, and funding premiums retreating. The options market sentiment is cautious; earlier this week, when Bitcoin's price approached $80,000, put option buying dominated. However, after the price stabilized, panic eased, and funds began flowing into bullish options.
If the price of Bitcoin rebounds to $100000, it will result in the liquidation of approximately $9.1 billion in short positions. （Cointelegraph）
[Strategy Joins Open Semantic Interchange Standard OSI] Bitcoin treasury company Strategy announced its participation in the Open Semantic Interchange Standard (OSI). This standard, jointly launched by tech companies such as Salesforce and Snowflake, aims to address enterprise data interoperability issues through a unified semantic framework, achieving cross-platform data consistency. Strategy will leverage its AI-driven universal semantic layer, Strategy Mosaic, to promote the open ecosystem strategy.
[Suspected Wintermute Wallet Accumulates $5.2 Million in SYRUP Tokens Within Two Weeks] According to Arkham monitoring data, a wallet suspected to belong to Wintermute has withdrawn and transferred $5.2 million worth of SYRUP tokens from multiple exchanges over the past two weeks. As of now, the wallet holds $6.1 million worth of SYRUP tokens, approximately 20.397 million tokens.