Ripple Labs, after resolving the regulatory dispute with the U.S. SEC, is not only actively applying for federal banking licenses but also advancing the infrastructure development of its stablecoin RLUSD. Although the XRP price has risen, its actual application and economic benefits still face challenges.

FxPro senior analyst Alex Kuptsikevich pointed out that since November 21, there have indeed been signs of Bitcoin's local highs and lows gradually rising, but he emphasized that to confirm a rebound turning into actual capital growth, the total cryptocurrency market capitalization must break through $3.32 trillion, about 6% higher than the current market cap of $3.16 trillion.

Bitcoin has fallen from $126,000 to the current $90,000, a 28.57% crash.
Market panic, liquidity shortages, and deleveraging pressures are making everyone breathless. Coinglass data shows that the fourth quarter experienced significant forced liquidation events, greatly weakening market liquidity.
But at the same time, some structural positive developments are converging: the U.S. SEC is about to introduce the "Innovation Exemption" rule, expectations for the Federal Reserve entering a rate cut cycle are becoming stronger, and global institutional channels are rapidly maturing.
This is the big

The world's largest cryptocurrency, Bitcoin, experienced a series of new highs and sharp sell-offs in 2025. After such rollercoaster movements, it may face its first annual decline since 2022.
According to Reuters, major global stock indices have also been volatile this year, reaching new highs only to retreat amid concerns over tariffs, interest rates, and a potential AI bubble. Although the overall stock market has mostly maintained an upward trend since the beginning of the year, the correlation between Bitcoin and stock prices has also noticeably strengthened this year.

Although Bitcoin's recent decline has been startling, K33 Research analyst Vetle Lunde stated that December could actually become a turning point for the crypto market. After experiencing the sharpest correction since the last bear market, K33 believes that current signs indicate the probability of a "rebound from the bottom" is much higher than that of another crash.

Repost
Last week, the US Federal Reserve officially ended its Quantitative Tightening (QT) policy. Coupled with market expectations of an imminent rate cut, both the US stock market and the crypto market rebounded sharply in the latter part of the week, shaking off the early-week downturn. BTC also returned to the $90,000 level, and ETH climbed back to $3,000. On Sunday, the crypto market continued to experience liquidation events: Bitcoin first suddenly plunged to $87,000, then rebounded to $91,000, resulting in a wipeout for both long and short positions. After the liquidations, looking at

The valuation of the crypto market is mainly driven by "monetary premium," with BTC firmly holding the dominant position. Alternative L1s, due to a lack of substantial revenue and long-term underperformance compared to BTC, are losing market confidence; in the future, L1 valuations may continue to compress, and market share will flow towards Bitcoin.

According to data compiled for CNBC by CoinDesk Data, despite Bitcoin’s significant volatility, data analysis shows that the price fluctuations in Bitcoin’s past cycles indicate that the current price movements are all part of Bitcoin’s normal operating pattern. Additionally, after these fluctuations, there is often an entirely new phase of price rebound.
Reviewing Bitcoin’s performance this year, after dropping to a low of around $80,000 at the end of November, it rebounded. When Bitcoin briefly fell below $81,000, it had dropped about 36% compared to the historical high of around $126,000 in

Glassnode's latest analysis indicates that Bitcoin's current market structure is similar to Q1 2022. ETF fund flows are negative, spot trading volume is shrinking, and the $96.1K to $106K range has become a key support level.

Forward
ETH has flaws, and unless circumstances change, as a cryptocurrency investor, you can completely ignore ETH as an investment target in the next 5 to 10 years.
If you can overcome the psychological barrier of not considering ETH investments, I believe it will make your decision-making much simpler, reduce your stress levels, and even possibly extend your life expectancy.
I believe we will not experience a bear market lasting 12 months, but are more likely in the second month of a bear market lasting 3 to 6 months, which is my optimistic assessment of the market.

Market sentiment has once again plunged into a state of extreme panic. This time, the dumping occurred with remarkable precision. In the last hour of November, it was firmly smashed into a bearish belt hold candle with an exceptionally long upper wick, completely destroying the last bit of confidence of long positions. With the monthly line closing bearish, the technical analysis directly declares "bull run structure destroyed," and all weekly and monthly level long positions are either dismantled or collapsed.

Hashed provides 10 Ethereum valuation models, of which 8 indicate that ETH is undervalued. The reasonable price after weighted averaging exceeds $4,700, showing significant room for pump compared to the current price, but the reliability of each model varies greatly.

The "3-tap" entry model, its core concept includes:
1️⃣ Define the interval to monitor liquidity accumulation areas.
2️⃣ Focus on Stop Hunt (Liquidity Hunting) to identify areas where hunting occurs.
3️⃣ After confirming the signal, wait for the second test to enter.

CryptoQuant statistics indicate that the average order size for Ethereum Spot has continued to increase in November, reflecting that dominant funds are positioning themselves in the market amid panic. The address known as the "66,000 Borrowing Coin Whale" has once again increased its holdings by 162.7 million USD from Binance, bringing its total holdings to 432,718 ETH, with a market capitalization of approximately 1.23 billion USD.
At the same time, three whale addresses have accumulated a total of 9,974 ETH, worth approximately 30 million USD, while Tom Lee's Bitmine purchased 17,242 ETH

Bitcoin has seen its market capitalization evaporate by 500 billion dollars in just six weeks, and the volatility mechanism has quietly changed. Analysis shows that Bitcoin volatility is returning to the state it was in before the ETF appeared, and the options market will become the key driver of the next market wave. Wall Street needs high volatility to attract investors and maximize year-end profits.

The cryptocurrency market is in a state of alarm, with Bitcoin's weakness dragging the overall market down, accelerating the clearing of bubbles, leaving investors walking on thin ice. As one of the important indicators, the leader DAT (Crypto Assets Reserve) company Strategy (MicroStrategy) is facing multiple pressures, including a significant contraction in mNAV premium, weakened Coin Hoarding efforts, executives selling stocks, and the risk of index delisting, putting market confidence under severe test.

MicroStrategy (MSTR-US) has recently announced the purchase of 8,178 Bitcoins for $835.6 million, with an average buy price of $102,171. Due to the current price of Bitcoin falling below $90,000, this batch of holdings is currently showing unrealized losses, but when calculated with the company's total holdings average cost of about $74,433, it is still in a profitable state overall. According to estimates, about 40% of the company's holdings were bought when the trading price was below cost.

According to comprehensive media reports, on-chain analysis team Lookonchain's monitoring data indicates that Huang Licheng (@machibigbrother) has been trading Ether with over 25 times leverage on Hyperliquid since September 18 of this year. When the market reversed on October 11, he chose not to set a stop loss, but instead continuously "averaged down". As a result, since November, his account has been liquidated 71 times, making him the user with the most liquidations on Hyperliquid.

Strategy(MSTR-US) Disclosure, as of Sunday ( the week of 16 ), the company purchased Bitcoin worth $835.6 million, with an average purchase price of approximately $102,171 per Bitcoin, marking the company's largest purchase of Bitcoin since July.
As of now, the total expenditure of Strategy for purchasing these crypto reserves is approximately 48.37 billion dollars, with an average cost of about 74,433 dollars per Bitcoin.

Gold father Peter Schiff (Peter Schiff) issued a challenge to MicroStrategy (now renamed Strategy) founder Michael Saylor (Michael Saylor) on November 17, sharply criticizing his financing model for buying Bitcoin (Bitcoin) as a "Ponzi scheme." This open letter not only announced that the two would debate on stage during the Dubai Binance Blockchain Week from December 3 to 4 but also brought the starkly different values of gold and Bitcoin into the spotlight.