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U.S. spot bitcoin ETFs experienced net inflows of $84 million on Monday, marking the seventh consecutive day of positive flows. An analyst indicated that this reflects a favourable change in market sentiment due to improving macroeconomic conditions.
Bitcoin is striving to fully revive the bull market, yet market participants remain cautious, with some even anticipating a return to $76,000 following new all-time highs.
Summary: SEC staff stated that proof-of-work mining does not constitute the offer and sale of securities. The SEC also discussed mining pools, where participants combine their processing power and share the rewards.
Bitcoin traders often reduce risk ahead of FOMC meetings, yet crucial price metrics are indicating a divergence. Will BTC surge when the Fed minutes are published?
Spot bitcoin ETFs in the U.S. experienced net inflows of $274.6 million on Monday, marking the largest daily inflows since 4th February. These ETFs had previously seen five consecutive weeks of net outflows amounting to over $5 billion.
Bitcoin traders and analysts consider potential BTC price targets as upward liquidity increases and market sentiment increasingly fears levels below $70,000.
BTC price movements suggest that positive news on inflation is actually negative due to ongoing US trade war concerns, which are reducing the appetite of risk-asset traders.
Bitcoin experiences its largest weekly decline against the US dollar to date, as traders in risk assets rush to exit.
The price of Bitcoin fell after US President Donald Trump pledged not to sell any of the government's current Bitcoin holdings, but did not make a firm commitment to purchase more.
- 10:22A certain whale deposited 5,000 ETH into an exchange, with a potential profit of approximately $14.43 million.Foresight News reported, according to monitoring by The Data Nerd, a whale (address starting with 0x742) deposited 5,000 ETH, worth approximately $19.91 million, to an exchange 9 hours ago. Six months ago, this whale purchased these ETH at an average price of about $1,582, with an estimated profit of around $14.43 million (return on investment of 152%). In addition, looking back three years ago, the whale accumulated 8,240 ETH at an average price of about $1,195, and sold them last year at a price of approximately $2,954.
- 10:21ETH Dencun upgrade will go live on the mainnet on December 3rdForesight News reported, according to Solid Intel, the Ethereum Dencun upgrade has now been launched on the final testnet, Hoodi. This upgrade is scheduled to be deployed on the mainnet on December 3.
- 10:11Jack Yi: Large funds are unlikely to flow into crypto in the short term, so for now we choose to take a break.ChainCatcher reported that Jack Yi, founder of LD Capital, posted on X, stating that the current market is in a deep correction trend, while AI and gold remain hot topics. Large funds are unlikely to flow into crypto in the short term, resulting in most DATs being below 1 and a continued loss of fundraising capability.“Therefore, we have chosen to take a break for now. Of course, the market is constantly changing, and everyone should make their own judgments based on their understanding and the trends. However, we choose to wait for a confirmed bottom before reinvesting.”