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After the FOMC meeting, bitcoin entered a correction phase. Long-term holders realized profits on 3.4 million BTC, and the slowdown in ETF inflows has made the market more vulnerable. Both spot and futures markets are under pressure, and the cost basis for short-term holders at $111,000 is a key support level. Summary generated by Mars AI. The accuracy and completeness of this summary are still under iterative improvement.
Goldman Sachs trader Paolo Schiavone warns that the bitcoin flash crash is a signal of a market shift and that the frenzy in risk assets may cool down. He believes that after a short-term correction, the market will move towards a "melt-up" scenario. While technical indicators show warning signals, fundamentals still support buying. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
- 03:56A whale sold 500 BTC bought after the 10.11 dip, incurring a loss of over $10.5 million.Jinse Finance reported, according to monitoring by Lookonchain, whale bc1ql5 sold 500 bitcoins (worth $45.37 million) 9 hours ago to cut losses, incurring a loss of over $10.5 million. It is reported that this whale had previously bought the dip on October 14, withdrawing 500 bitcoins (then worth $55.95 million) from an exchange. Afterward, the price of bitcoin once reached $111,899, but then began a continuous decline.
- 03:39Pandora Ethereum ETF to be listed on the Hong Kong Stock Exchange on December 3Jinse Finance reported that licensed virtual asset management service provider Pantoo officially announced that its Ethereum ETF will be listed on the Hong Kong Stock Exchange on December 3, with the stock code 3085.HK. This ETF directly holds Ethereum and uses the CME CF Ether-Dollar Index (Asia-Pacific closing price) as its benchmark. Hong Kong investors can use their existing securities accounts to trade by choosing either cash or in-kind subscription and redemption methods. Each trading lot consists of 100 shares, with a minimum subscription amount of 850 HKD.
- 03:35Data: Multiple tokens experience a surge followed by a pullback, EGLD hits a new weekly lowAccording to ChainCatcher, spot market data from a certain exchange shows that several tokens have experienced a surge followed by a pullback. BAT has dropped 6.53% in the past 24 hours, ALCX fell by 12.63%, ALT decreased by 15.76%, TURBO declined by 9.39%, PNUT dropped by 12.94% and 12.29%, GPS fell by 5.36%, and EPIC decreased by 9.74%. Meanwhile, EGLD hit a new weekly low, with a 24-hour drop of 7.43%.