The $1.7B Bitcoin Bet on Rally Above $100K, But Not Reaching New Record Highs
--
The strategy bets on a measured rally into the year-end, rather than a record-breaking surge.
Loading...
The strategy bets on a measured rally into the year-end, rather than a record-breaking surge.
[Matrixport: Bitcoin's Recent Rebound Driven by Sentiment Recovery, Not a New Bull Market Signal] Matrixport released an analysis stating that Bitcoin's recent rapid rebound was primarily driven by the recovery of market sentiment following a significant prior correction. The report mentioned that sentiment indicators had previously fallen to extreme levels, increasing the probability of a short-term rebound, and the current phase of rebound has already materialized. However, the analysis suggests that this is not a signal for the start of a new bull market. The current market structure is complex, with low risk appetite, making this rebound more suitable for short-term tactical trading rather than the beginning of a trend-driven rally.
[Hong Kong Securities and Futures Commission Finalizes Regulatory Framework for Digital Asset Trading and Custody] Hong Kong Securities and Futures Commission (SFC) Chief Executive Officer Julia Leung stated that Hong Kong is committed to building a secure and reliable digital asset platform. The regulatory framework for digital asset trading and custody services is currently being finalized, marking the last two pieces of the regulatory 'puzzle' for establishing a robust digital asset ecosystem. The adoption of tokenized financial products in Hong Kong is increasing, with the related market size reaching approximately $3 billion, including green bonds, SFC-approved money market funds, and retail gold products.
Monad’s listing illustrates how low-float launches can anchor valuation even when macro conditions point in the opposite direction, leaving traders mispricing outcomes that hinge more on supply than on sentiment.
[Polymarket data shows the probability of a 25 basis point rate cut in December rises to 83%] Polymarket data indicates that the market is betting on an 83% probability of a 25 basis point rate cut in December, while the probability of no rate cut has dropped to 16%.
[Bitunix Analyst: Escalation of Russia-Ukraine Situation May Intensify Short-Term Volatility in the Crypto Market] On November 25, the United States and Ukraine reached a preliminary consensus on the '19-Point Peace Plan.' However, before the Kremlin received any official documents, Russian missiles had already reached the skies over Kyiv, targeting the capital's energy and civilian infrastructure. The Kyiv city government initiated restrictions on water and electricity supply, while Russia used battlefield actions to compress the negotiation space. Bitunix analysts pointed out that the escalation of the Russia-Ukraine situation will strengthen global risk-averse sentiment in the short term, impacting the crypto market: demand for safe-haven assets may boost BTC dominance, but liquidity contraction and leverage liquidation risks will put pressure on small and mid-cap tokens. The market may enter a phase of high volatility and low-risk appetite.