📊 #BTC Santiment: With the market rising, according to our data from social networks (X, Reddit, Telegram and others), calls for higher and higher prices have increased sharply, indicating FOMO.
Markets move in the opposite direction from the behavior of small traders.
Markets move in the opposite direction from the behavior of small traders.
💰 #BTC Strive Viveka Ramaswamy is going to raise $500 million to buy BTC. cointelegraph
🤖 CryptoAttack 🇬🇧
📊 #BTC #ETH #ETF Yesterday, the total net outflow of spot BTC-ETFs was ~$60.4 million. Total net inflows of spot ETH-ETFs were ~$35.5 million.
📊 Coinbase Institutional: excessive speculative sentiment was eliminated in November:
• Open interest for #BTC/#ETH/#SOL futures decreased by 16% compared to the previous month;
• The outflow of funds from US spot #ETFs amounted to $3.5 billion in BTC and $1.4 billion in #ETH;
• BTC futures funding rates fell below their 90-day average before recovering.
Lower leverage = healthier market structure + less vulnerability to year-end drawdowns.
• Open interest for #BTC/#ETH/#SOL futures decreased by 16% compared to the previous month;
• The outflow of funds from US spot #ETFs amounted to $3.5 billion in BTC and $1.4 billion in #ETH;
• BTC futures funding rates fell below their 90-day average before recovering.
Lower leverage = healthier market structure + less vulnerability to year-end drawdowns.
🤖 CryptoAttack 🇬🇧
🔍SpaceX translated another 1,083 #BTC ($99.81 million) possibly on Coinbase Prime for storage.
🔍 SpaceX just translated another 1,021 #BTC ($94.48 million) possibly on Coinbase Prime for storage.
X (formerly Twitter)
Lookonchain (@lookonchain) on X
SpaceX(@SpaceX) just transferred out another 1,021 $BTC($94.48M), to possibly Coinbase Prime for custody.
https://t.co/zW62EKM2RD
https://t.co/zW62EKM2RD
🔍 #BTC Yesterday, cryptocurrency wallets associated with Silk Road transferred ~$3.14 million worth of BTC. cointelegraph
📊 C.Q.: Hedge funds are reducing risks ahead of the December FOMC meeting. On-chain data shows a decline in #BTC balances on major exchanges while #USDT and #USDC reserves increased. This indicates that institutional investors are reducing positions and accumulating stablecoins. A rise in stablecoin reserves on exchanges is a classic event-related hedging signal.
Financing rates are also falling.
Financing rates are also falling.
📊 C.Q.: 2025 set a new absolute record for futures trading volumes. Futures have become the instrument of choice in the hope of quick and significantly higher returns.
This evolution has structurally changed the market. Volatility is now determined not only by spot supply and demand, but also by forced liquidations and the resulting domino effects.
In other words, it signals a market that has become more reactive, more fragile, and more vulnerable to emotional over-inflating. Leverage has become a major driver, and while this factor dominates, #BTC is evolving in an environment where prices are becoming more volatile and difficult to predict.
This evolution has structurally changed the market. Volatility is now determined not only by spot supply and demand, but also by forced liquidations and the resulting domino effects.
In other words, it signals a market that has become more reactive, more fragile, and more vulnerable to emotional over-inflating. Leverage has become a major driver, and while this factor dominates, #BTC is evolving in an environment where prices are becoming more volatile and difficult to predict.
📊 #BTC C.Q.: After bottoming on November 21st, open interest continued to decline even as the BTC price rose. This pattern indicates that the recent growth is mainly driven by spot demand.
Growth driven by spot demand is generally viewed as a healthy development, but historical trends show that sustained upward momentum typically requires not only strong spot demand, but also sustained growth in leveraged positions.
Given that the market is structurally driven by derivatives, the current rally may struggle to sustain if expectations for rate cuts weaken ahead of the FOMC meeting. For this reason, monitoring changes in open interest will remain critical in the coming days.
Growth driven by spot demand is generally viewed as a healthy development, but historical trends show that sustained upward momentum typically requires not only strong spot demand, but also sustained growth in leveraged positions.
Given that the market is structurally driven by derivatives, the current rally may struggle to sustain if expectations for rate cuts weaken ahead of the FOMC meeting. For this reason, monitoring changes in open interest will remain critical in the coming days.