1. Trump may appoint former Bakkt CEO Kelly Loeffler as Secretary of Agriculture and plans to establish a cryptocurrency advisory committee, causing a stir in the industry.
2. Tether issued an additional 2 billion USDT on the ETH chain and 1 billion USDT on the TRX chain, significantly increasing market liquidity.
On November 24 at 01:47 (UTC+8), Tether issued an additional 1 billion USDT on the TRX chain. Transaction hash: aedfb252cf1a74cce04282bb18ffd7aa8cb19d19ef818a8b218f351d38c14b17. Note: The above data is sourced from OKLink. -Original text
3. Forecast market data indicates that the probability of BTC reaching $100,000 before the end of the year is 85%, with the market holding an optimistic outlook on the future of cryptocurrencies.
Forecast market data from Kalshi indicates an 85% probability of BTC reaching $100,000 before the end of the year, a 9% chance of reaching $150,000, and according to the average forecast on the Kalshi platform, a BTC price of $125,000 may become a reality in the new year of 2025. Analysts believe that the ETF has played a key role in driving Bitcoin's price increase, absorbing over 90% of the selling pressure from long-term holders. -Original text
4. Michael Saylor's MicroStrategy holds over $3 billion and plans to purchase more Bitcoin, continuing to increase its position in the crypto market.
5. The net inflow of Bitcoin ETFs reached $3.38 billion in a single week, setting a new historical high, indicating strong investor interest in Bitcoin.
The net inflow of Bitcoin exchange-traded funds (ETFs) reached $3.38 billion in a single week, setting the highest record since their launch. -Original text
6. VanEck believes through analysis of key indicators that Bitcoin still has room for further price increases, and market bullish sentiment is strengthening.
Asset management giant VanEck's latest report indicates that this rebound seems to have just begun based on key indicators. VanEck analyzed three key indicators: funding rates, relative unrealized profits (RUP), and retail interest trends: Since November 12, the funding rate for perpetual futures has remained above 10%, indicating increased bullish momentum; in addition, the current 30-day moving average relative unrealized profit level is about 0.54, typically indicating that the market will peak over a longer period; search term popularity is only 34% of the peak in May 2021, indicating that speculative frenzy has not yet spread, and the re-engagement of retail investors will provide further upside potential for Bitcoin. -Original text
7. The total market cap of cryptocurrencies has reached $3.46 trillion, increasing by 4.41% in the last 24 hours, indicating heightened market activity.
The current total market cap of cryptocurrencies is $3.46 trillion, with a 24H increase of $146.292 billion, a rise of 4.41%. Among this, Bitcoin's market cap share is 56.47%, and Ethereum's market cap share is 12.06%. -Original text
8. Nasdaq-listed company LM Funding has disclosed that it holds 140.5 BTC, showing continued institutional interest in Bitcoin.
Nasdaq-listed cryptocurrency mining and tech-focused financial company LM Funding disclosed its latest unaudited financial report as of October 31, 2024, on its official website, revealing that the company's mining output in October was 7.3 BTC, up from 6.6 BTC in September. The company currently holds 140.5 BTC, worth approximately $13.3 million (based on BTC price of $94,700 on November 20). -Original text
9. The main forces have strong confidence in the future market; the HTX-BTC contract position analysis indicates that the market may rise, and sentiment is positive.
HTX-BTC perpetual contract is currently quoted at $97,856.9, and according to market position analysis, the main forces have strong confidence in the future market, and prices are expected to rise. Please manage your positions reasonably and control risks. -Original text
10. The total open interest in OKX options has dropped by 5.13% in the last 24 hours, indicating a slight decrease in market activity.
The current total open interest of OKX BTC options contracts is 29,219.45 BTC, with a decline of 5.13% over the past 24H, indicating a decrease in market activity in options trading. Data is for reference only. Interpretation: Open interest refers to the total number of outstanding options contracts that have not been exercised, reflecting the market's view and expectations for the future price movement of a given asset. Data is for reference only. -Original text
11. In large options trading, the total liquidation amount across the network in the last 24 hours reached $428 million, indicating increased market volatility.
The current price of BTC is $97,659.33, with a decline of 1.55% in the last 24 hours. Among this, the total liquidation amount across the network in the last 24 hours is $428 million, mainly from short positions, with BTC liquidations amounting to $62.38 million (14.56%). Data is for reference only. -Original text
12. A certain wallet made about $2.5 million in profit in just three hours through trading FATHA, revealing short-term arbitrage opportunities in the market.
A certain wallet made a profit of about $2.5 million in just three hours through trading FATHA. On-chain tracking shows that this wallet likely belongs to BT (@cooksassistant). About six hours ago, this trader spent 13 SOL (worth $3,300) to buy 5,789 FATHA on Pump.fun, and the market cap of FATHA exceeded $60 million in just 40 minutes. The trader then sold all tokens at the peak, obtaining 9,718.5 SOL (worth $2.5 million), a return of up to 750 times. Subsequently, the trader exchanged 9,500 SOL for 2.45 million USDC and bridged these USDC to Ethereum, while the Ethereum wallet that received these USDC belongs to BT (@cooksassistant). BT (@cooksassistant) created the related wallet for trading meme coins three days ago and has traded 60 different tokens in three days with a win rate of 42.37%, currently achieving a total profit of $2.7 million. -Original text
13. Bitcoin's market cap share has decreased to 56.59%, showing an increase in market share for other cryptocurrencies.
BTC has declined, with a trading volume of $70.7 billion in the past 24 hours, and a circulating market cap of $1.94 trillion, with a market cap share decline of 2.92%. Data is for reference only. -Original text
14. Institutions within the industry are vying for seats on Trump’s cryptocurrency advisory committee, raising warnings from consumer groups concerned about blurred lines between the industry and regulation.
Trump has promised to establish a new committee as part of a cryptocurrency-friendly government. Insiders indicate that his transition team is discussing how to build and staff this committee, and which companies should be included. According to various executives in the digital asset industry, many cryptocurrency companies such as Ripple, Kraken, and Circle are vying for a seat on the cryptocurrency advisory committee that President Trump has promised to establish, seeking a voice in his planned reforms to U.S. policy. However, some consumer groups warn that the cryptocurrency industry should not 'be both the referee and the player,' and some sources say ethical considerations may delay personnel appointments. Others argue that involving industry experts in key policy issues makes sense. Trump has garnered the industry's support and campaign donations by promising to become the 'crypto president' and end Biden's crackdown on crypto companies accused of violating securities and anti-money laundering laws. Trump is also pushing to issue an executive order to ensure that cryptocurrency companies can access banking services, end enforcement actions against them, and make other changes. -Original text
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