Let's first understand the latest cryptocurrency news.
1. The Polygon Agglayer v0.2 testnet has gone live, and the mainnet will launch in early 2025.
2. Saga will launch Vaults 2.0 in 2025.
3. A whale deposited 312,500 PENDLE into a CEX, with total position profits exceeding $1.7 million.
4. An ETH swing whale increased their position by 13,453 WETH at an average price of $3,506, currently facing a floating loss of $770,000.
5. A whale transferred 85,000 SOL and 3,354,000 JUP to a CEX, totaling over $20 million in value.
6. A PEPE whale cleared a position worth $14.88 million 7 hours ago.
7. The Crypto Fear and Greed Index has dropped to 74; market sentiment has cooled but is still in a state of greed.
8. A whale engaged in swing trading bought $50.31 million worth of ETH today at an average price of $3,501.
9. The SEC has approved the listing application for Hashdex and Franklin's cryptocurrency index ETF.
10. Trump's crypto project World Liberty bought 722.2 ETH this morning at an average price of $3,461.
11. Yesterday, ARKB had a net outflow of $108.4 million, and Grayscale Mini BTC had a net outflow of $188.6 million.
12. Deutsche Bank: The Federal Reserve will not cut interest rates next year.
13. According to CME's 'Federal Reserve Watch,' the probability of the Federal Reserve maintaining interest rates in January next year is 91.4%.
14. Arkham: Dogecoin is about to land on the Arkham Intel platform.
15. Yesterday, the net inflow of Bitcoin ETF in the US was 2,089 BTC, and the net inflow of Ethereum ETF was 18,894 ETH.
16. The founder of Polkadot: JAM 1.0 is expected to be completed and enter the audit stage by April 2025.
17. Director of El Salvador's Bitcoin Office: BTC will continue to serve as El Salvador's legal tender.
18. Market news: El Salvador plans to increase BTC holdings more rapidly for strategic reserves.
19. The Trump family's crypto project WLFI has actively purchased 8,827 ETH, currently facing a floating loss of about $2.1 million.
20. About 1,400 BTC flowed out from Grayscale, worth over $143 million.
Based on the above cryptocurrency news, it can be generally concluded that although there are some profit-taking sell-offs, there are still many institutions and large investors accumulating at the bottom. After this round of washing out, it is possible for the 5th wave of upward movement to reopen 📈, but the consolidation period is expected to last about 10-20 days, so just be patient. Those who bought at the bottom today can take profit when Bitcoin rebounds to around $99,000 and wait for the second dip to buy back.
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