Binance LINK/USDT's perpetual trading volume surged 6 times within 10 minutes, with a turnover of 260 million US dollars in the past 24 hours, a decrease of 3.71% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world

In the past 24 hours, approximately $350 million of long positions have been liquidated, reflecting severe market volatility. （Cointelegraph）

[Coinbase Institutional: Crypto Market May See a Reversal in December] Coinbase Institutional stated on the X platform that despite ongoing volatility in the crypto market, factors such as improved liquidity, a 92% probability of a Federal Reserve rate cut (as of December 4), and increasing macroeconomic tailwinds could drive a market recovery in December. Additionally, the 'AI bubble' has not yet burst and still has room for growth, while shorting the U.S. dollar at current levels is also appealing. Therefore, it is anticipated that the market may reverse in December, potentially marking the starting point for the re-establishment of momentum in the cryptocurrency market.

[Strategy Transfers 6,536 BTC to Fidelity, 28% of Holdings Now Custodied by Fidelity] Within the past 48 hours, Bitcoin treasury company Strategy transferred 6,536 BTC, valued at over $600 million, to Fidelity Custody Deposit, Fidelity's asset custody address. As of now, Strategy has transferred 183,887 BTC to Fidelity for custody, accounting for 28.2% of its total holdings of 650,000 BTC.

[Whale Purchases $13.89 Million in Assets from Binance and Kraken, Total Holdings Reach $74.83 Million] According to monitoring by Onchain Lens, a whale has purchased $13.89 million worth of assets from Binance and Kraken. Its total holdings now amount to $74.83 million, including: 1.62 million LINK ($22.01 million), 6,050 ETH ($18.29 million), 43.53 million ENA ($11.27 million), 32,910 AAVE ($6.02 million), 8.08 million ONDO ($3.75 million), 1.49 million PENDLE ($3.60 million), 596,510 UNI ($3.26 million), 6.47 million ARB ($1.30 million), 22.59 million SKY ($1.18 million), and 3.16 million OP ($950,500).