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Japanese company Metaplanet announced plans to raise $136 million to purchase more Bitcoin. (The Bitcoin Historian)
[QCP: BTC Drops Below $86,000 Due to Weak Asian Macro Sentiment and Market Panic] QCP Capital analysis indicates that Bitcoin's price plunged from $91,000 to $86,000, primarily influenced by two factors: first, the rising expectations of interest rate hikes by the Bank of Japan and the decline in China's non-manufacturing PMI, which pressured Asian macro sentiment; second, comments from Strategy CEO about potentially selling Bitcoin if stock prices fall below net asset value (NAV) and financing dries up, triggering market panic. Despite the end of quantitative tightening (QT), the probability of a rate cut in December rising to 87%, and net inflows into ETFs, Bitcoin's 15% rebound followed by this pullback is seen as a normal adjustment. The key now lies in whether it can hold the previous low point.
[Interchain Foundation to Transfer ATOM Tokens to CL Wallet for Operations] Cosmos ecosystem foundation Interchain Foundation (ICF) announced that it will transfer ATOM tokens from its main multi-signature wallet to the CL wallet to support the operational needs of CL as a subsidiary of ICF.
[New Wallet Withdraws 42,225 ETH Worth Approximately $120 Million from Binance] According to Lookonchain monitoring, a newly created wallet address starting with 0x36ED has just withdrawn 42,225 ETH from Binance, worth approximately $120 million.
[Bitcoin Pullback Due to Asian Macro Pressure and Escalating Market Panic] Singapore-based crypto investment firm QCP Capital analyzed that after Bitcoin traded sideways during Thanksgiving, it faced sell-offs at the start of December, primarily influenced by Asian macroeconomic pressures and escalating market panic. Hawkish comments from the Bank of Japan governor raised expectations of rate hikes, with the two-year government bond yield climbing to 1% and a 76% probability of a rate hike on December 19. China's PMI data showed non-manufacturing activity contracting for the first time in three years, sparking concerns over regional growth. Comments from Strategy's CEO about the company potentially selling Bitcoin due to a funding shortfall further intensified market panic. Although spot ETF fund flows turned net positive and U.S. liquidity eased, Bitcoin's price movement remains influenced by macro narratives. The key now lies in whether Bitcoin can hold its previous lows, which will depend on liquidity conditions and fund flows related to Strategy.
[42,224 ETH Transferred from Binance to New Wallet] WhaleAlert data shows that 42,224 ETH were transferred from Binance to a new wallet, with the asset transfer valued at approximately $120 million.