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——Today, the cryptocurrency market continued its selling trend from the end of November, with a total market value of approximately $3.02 trillion, a decrease of 4.86% in 24 hours (evaporating over $150 billion), setting a new record for the largest single day decline in recent times.
——The price of Bitcoin (BTC) fell below $88000, hovering in the range of $86000-87000, with a monthly decline expanding to 22%; Ethereum (ETH) is around $2800-2900, down 5.74%. The Fear Greed Index reported 20 (extreme fear), with over 646 million US dollars (90% of long positions) liquidated in 24 hours, and trading volume surging to 121.87 billion US dollars. Due to the soaring Japanese bond yields (hitting a high since 2008 in the 2-year period), the strengthening of the yen, and leveraged liquidation, market risk aversion sentiment surged.
1. BTC ETF had a net inflow of $70 million during the week (positive inflow in the first week), but overall outflow of $379 million in November; ETH ETF outflow of $142 million.
2. The People's Bank of China reiterates its crackdown on virtual currency speculation, deploys special rectification measures, and emphasizes the risk of stablecoins; Hong Kong cryptocurrency stocks plummeted. Canada's 2025 budget proposes legislation to regulate stablecoins, requiring sufficient reserves, redemption mechanisms, and risk management.
3. Global regulation is becoming stricter, and China's policies are intensifying with caution in withdrawing funds, but the US/Canada/UK are keen on compliance projects; QT end+expected interest rate cut (25 basis points probability 87%) or release of liquidity;
4. The beginning of December is under pressure, but on chain indicators (such as NUPL 0.35) are close to historical lows, and the end of QT+expectations of Federal Reserve easing (87% probability of interest rate cuts) may ignite a rebound towards the end.
Follow the support below: BTC85000; ETH 2780； If the upward trend is not broken, it is still promising
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.
Tencent Meeting: 6321551049
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.
